More than 180 yacht industry professionals participated in the 15th annual Azimut Benetti Yachtmaster event in Italy in early February. Hosted for captains on the…
Capt. Nigel Marrison founded Blue ESG (Environmental, Social, and Governance) based on his experiences as a superyacht captain. He aims to assist captains in monitoring and addressing ESG issues on board to enhance social and environmental impact while ensuring regulatory compliance.
“We’re providing solutions for some of the biggest problems within the luxury leisure maritime sector,” Marrison said. The platform offers a dashboard that provides a comprehensive, centralized view of ESG performance metrics, including vessel emissions, crew welfare, safety, and more. This enables captains to identify problem areas and develop targeted solutions.
Blue ESG is building tech that can harness multi-platform data. “We must align our ESG effort to the regulatory standards so that we’re fit for purpose for insurance, banks, regulators, Class and Flag, and all these key stakeholders. It’s not happening right now, and Blue ESG fills that gap,” Marrison said. The current program has been tailored specifically for superyachts, with scale to include other maritime sectors.
In addition to providing a snapshot of any onboard issue, with its team of experts, Blue ESG also provides the tools to help the vessel improve its ESG performance. The platform is designed to align with key regulatory standards and frameworks, such as the IMO’s MARPOL AnnexIV, the Greenhouse Gas protocol, and other corporate sustainability reporting requirements. Blue ESG has partnered with Lloyd’s Register, Nautilus, and CHIRP, amongst others, and currently has a pilot program underway.
By proactively managing ESG performance, captains can enhance the reputation and performance of their vessels and operations. This can improve resale value and operational efficiencies, ultimately increasing the yacht’s overall value while also ensuring compliance with the industry’s evolving environmental and social regulations.
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