Lloyd’s Register Foundation has partnered with the World Economic Forum to accelerate the transition to nature and people-positive ports.
The partnership includes a three-year project starting in March 2025, aimed at securing commitments from major global ports and sharing verifiable strategies that benefit people and nature.
In parallel, efforts will raise awareness about building new ports in emerging markets, to ensure new investments incorporate nature-positive criteria.
Additional focus will be placed on methods to protect nature in coastal and marine ecosystems near ports.
The World Economic Forum’s report on Nature-Positive: The Role of Ports found that prioritising nature-positive strategies – including decarbonisation – could unlock over $54 billion in cost savings and revenue by 2030 for businesses operating across the port sector’s value chain.
“Ports play a significant role in driving growth for emerging economies. As demand for port infrastructure increases, we need innovative practices and engineering methods to secure a safer, cleaner, and more sustainable sector,” said Alfredo Giron, Head of Ocean, World Economic Forum.
“To do this it’s essential that the nature-positive transition for ports also provides benefits for people.”
“We need to ensure the ports we adapt and create don’t just deliver against economic and social targets, but actively protect, restore and enhance nature,” said Thomas Thune Andersen, Chairman, Lloyd’s Register Foundation.
“Our new long-term, strategic partnership with the World Economic Forum will couple better practices for nature with safer operations around ports, leading to improved working conditions, healthier ecosystems and access to new capital for nature and people positive approaches.”
Earlier this year, Chowgule & Co., India’s premier shipbuilding and engineering conglomerate collaborated with Lloyd’s Register to create its first Environmental, Social, and Governance (ESG) report and overall group ESG strategy.