IN key developing trading nations like India, Mexico, South Korea, Brazil, Turkey, and Vietnam, Environmental, Social, Governance (ESG) regulations are evolving and NVOCCs need to be aware to stay competitive and compliant.
India's ESG framework emphasises environmental sustainability through laws like the Energy Conservation Act and the National Action Plan on Climate Change (NAPCC). The government promotes the adoption of green shipping practices and the use of alternative fuels. Socially, companies with significant operations in India must comply with Corporate Social Responsibility (CSR) mandates.
Mexico integrates ESG goals into trade and environmental policy under agreements like the USMCA. The country enforces emissions regulations for logistics operators and is expanding renewable initiatives. Governance reforms emphasise anti-corruption measures under the National Anti-Corruption System, which affects operational transparency.
South Korea's Green New Deal exemplifies its dedication to ESG. Maritime and logistics sectors must align with the Carbon Neutrality Act to reduce greenhouse gas emissions. Socially, South Korea enforces strict labour standards, while the Corporate Governance Service provides ESG assessment guidelines for businesses.
Brazil has strong environmental laws like the National Policy on Climate Change (PNMC), focusing on deforestation and emissions control. For NVOCCs, aligning with these measures is essential when engaging in export and import operations. Governance laws emphasise anti-corruption and compliance with international trade practices.
Turkey's adoption of the European Green Deal Action Plan drives its ESG policies. Logistics operators, including NVOCCs, must consider reducing emissions and improving energy efficiency. Labour rights and workplace safety laws shape the social aspect of ESG compliance, while governance reforms focus on transparency and anti-corruption.
Vietnam is rapidly modernising its ESG framework. The National Green Growth Strategy encourages sustainable business practices, while updated labour laws address workplace rights and standards. The government requires businesses to implement anti-corruption measures under the Anti-Corruption Law, ensuring better governance.
SeaNews Turkey
India's ESG framework emphasises environmental sustainability through laws like the Energy Conservation Act and the National Action Plan on Climate Change (NAPCC). The government promotes the adoption of green shipping practices and the use of alternative fuels. Socially, companies with significant operations in India must comply with Corporate Social Responsibility (CSR) mandates.
Mexico integrates ESG goals into trade and environmental policy under agreements like the USMCA. The country enforces emissions regulations for logistics operators and is expanding renewable initiatives. Governance reforms emphasise anti-corruption measures under the National Anti-Corruption System, which affects operational transparency.
South Korea's Green New Deal exemplifies its dedication to ESG. Maritime and logistics sectors must align with the Carbon Neutrality Act to reduce greenhouse gas emissions. Socially, South Korea enforces strict labour standards, while the Corporate Governance Service provides ESG assessment guidelines for businesses.
Brazil has strong environmental laws like the National Policy on Climate Change (PNMC), focusing on deforestation and emissions control. For NVOCCs, aligning with these measures is essential when engaging in export and import operations. Governance laws emphasise anti-corruption and compliance with international trade practices.
Turkey's adoption of the European Green Deal Action Plan drives its ESG policies. Logistics operators, including NVOCCs, must consider reducing emissions and improving energy efficiency. Labour rights and workplace safety laws shape the social aspect of ESG compliance, while governance reforms focus on transparency and anti-corruption.
Vietnam is rapidly modernising its ESG framework. The National Green Growth Strategy encourages sustainable business practices, while updated labour laws address workplace rights and standards. The government requires businesses to implement anti-corruption measures under the Anti-Corruption Law, ensuring better governance.
SeaNews Turkey
