GHG Rating
Where all your sustainability solutions come together.
We want to support the maritime industry to reach a 50 per cent reduction in shipping emissions by 2050. RightShip’s GHG Rating provides a transparent method to assess the relative efficiency of vessels and compare a ship’s theoretical CO² emissions relative to peer vessels of a similar size and type using the easy to interpret A – G scale.
Employing sustainability measures recommended by RightShip, can strengthen market position. Our GHG Rating is a systematic and transparent means of comparing the relative efficiency of the world’s shipping fleet, enabling users to make informed decisions about the sustainability of their supply chain.
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Removing inefficient vessels from a supply chain can lead to economic and sustainability benefits. Our GHG Rating changes the way insurers think about the correlation between insurance risk and vessel employment, as an increasing number of charterers seek out more efficient vessels. Using it provides a way towards a proven emissions reduction strategy and tangible way to reach Environmental, Social and Governance (ESG) goals.
The GHG Rating is a dynamic model, that compares a ship’s theoretical CO² emissions relative to peer vessels of a similar size and type using an easy to interpret A – G scale, meaning a vessel’s rating moves relative to the changing market. This allows easy monitoring of market improvements and the creation of relevant sustainability strategies. As more nations place a price on carbon, the payoff for investing in energy efficient vessels is apparent. Insurance firms and P&I clubs that continually invest in their sustainability strategy are sure to demonstrate a significant market advantage.
GHG rating features
The GHG Rating increases transparency in the shipping industry by ranking ships according to their energy efficiency and GHG emissions. Insurers can quickly and easily identify vessels standing out from others in a peer group and can measure the impact and accordingly reward vessels that choose to improve their emissions profile.
Assists the maritime industry to transition to a low carbon economy through informed selection of more efficient ships. Our clearly explained methodology provides easy to understand ratings used by all players in the industry and allows insurers to make sound market-based decisions, underlined by knowing who is investing in essential energy saving equipment.
Compare the relative efficiency of vessels through global and fleet benchmarking, allowing full understanding of an emissions profile and the emissions of a supply chain. It’s also possible to track emissions per vessel call, allowing the development of a baseline of emissions and an overall carbon-emissions target.
GHG Rating Advantages
Simplifying decisions
Provides visibility into vessel efficiency by simplifying complicated data through an easy to understand rating. Our simple A to G grading helps insurers and P&I clubs make informed business decisions and select vessels that will improve the emissions profile of their company.
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With efficiency cited as a key indicator for a vessel’s risk assessment by marine insurers and P&I clubs, providing risk assessment and underwriting teams with easy to use and industry standardised GHG Rating and efficiency data can support due diligence and underwriting processes.
Leading the industry
Lead the industry towards lower emission targets by using our GHG Rating. Fully understand emissions profiles and the vessels they’re connected to, to hit Environmental, Social and Governance (ESG) and Corporate Social Responsibility (CSR) targets, so that the most efficient vessels are recognised and prioritised for insurance purposes.
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To learn more about our services, book a demonstration speak with one of our experts.