Updated Guidelines On ESG Reporting In The Shipping And Offshore Industries

The Norwegian Shipowners' Association (the "NSA") released an updated version of their guidelines for ESG reporting in the shipping and offshore industries in November 2021, first published by the NSA in February 2020. The guidelines provide an update on trends and regulatory developments within ESG, including the Norwegian Transparency Act and new requirements from the financial industry.

Guidelines - not a reporting standard

The purpose of the guidelines commissioned by the NSA is to clarify the sustainability reporting for the shipping and offshore companies, making it easier to meet the various requirements and expectations for relevant information from the companies. The NSA will update the guidelines regularly to ensure that changes in expectations, standards and requirements are accurately reflected.