20 May 2021, Hong Kong. Diginex Solutions, a sustainability-focused impact technology company, has partnered with Hafnia, one of the world’s leading oil product tanker owners and operators, to create a new Environmental, Social and Governance (ESG) reporting tool for the shipping industry.
Diginex and Hafnia will start their collaboration by conducting a joint study of key disclosures relevant to the maritime industry, selecting from best-practice frameworks, including the United Nations Sustainable Development Goals (UN SDGs), Sustainability Accounting Standards Board (SASB), the Task Force on Climate-related Disclosures (TCFD), and bespoke indicators that are specific to maritime trade. The study’s objective is to create an ESG reporting framework tailored to the nuances of the shipping industry, helping organisations easily benchmark and measure their performance against peers.
Using DiginexESG, the first-ever blockchain-enabled ESG reporting tool, Hafnia hopes to automate and improve its ESG data management and reporting. DiginexESG provides an all-in-one platform for organisations to record, report, and verify their data with ease and security.
Mark Blick, CEO at Diginex Solutions said, “Organisations are under increasing pressure to provide investors more ESG-related details. For the maritime industry, this process often take a considerable amount of time, huge consultancy fees, and extensive resources, making ESG documentation incredibly expensive. Our plans to launch a maritime focused version of the platform will further remove the burden of manual reporting while providing a cost-effective solution for industry players. It is our mission to improve tracking and reporting of ESG data, making processes 6 times faster and 90% cheaper than existing tools.”
Shanker Pillai, Head of Innovation & Change at Hafnia, said, “As ESG reporting is becoming more common among listed companies, it is also becoming increasingly difficult to stay on top of all the changing regulatory frameworks. Moreover, the challenge of collecting and reporting data manually loom large. By partnering with Diginex Solutions it will be easier to track and measure our progress on our sustainability commitments.”
About Diginex Solutions
Diginex Solutions is a disruptive impact tech business helping organisations to address the world’s most pressing sustainability issues, utilising the latest blockchain technology to lead change and increase transparency.
Diginex’s frontier-pushing SaaS products are used by both companies and governments to tackle challenges including supply chain management, labour rights, due diligence, and corporate environmental responsibility. Its technology provides businesses who want to do better with the tools that both help them be more responsible, and to realise the commercial benefits of ESG, including greater efficiency, reduced corporate risk, and increased ability to attract and secure investment. By using its technology to understand the impact of their operations, organisations can future proof their business models and accelerate growth, while contributing to a better future.
Founded in 2017, with a global team of over 60 technology and impact experts, Diginex is scaling rapidly and is a technology partner to major players around the world including Coca-Cola and the United Nations. Its products and platforms stand out as a new approach in the consulting-heavy world of sustainability, with a focus on using the latest innovations such as blockchain and AI to collect and validate data and, in the process, making ESG more affordable and accessible.
Hafnia is one of the world’s leading oil product tanker owners and operators. The Company provides transportation of oil and oil products to leading national and international oil companies, major chemical companies, as well as trading and utility companies. Hafnia operates a fleet of 184 vessels in pools, including newbuilds. Among them, 101 are owned or chartered-in, including 6 owned LR2s, 35 owned and chartered-in LR1s, 47 owned and chartered-in MRs, and 13 owned Handy vessels. The Company is fully financed with a strong balance sheet providing financial flexibility.
Hafnia has a solid history in chartering, operations, and technical management, and it strives to offer customers the best solution for their transportation needs. This solution-focused approach has built a strong reputation for Hafnia. The Company remains firmly committed to being a responsible member of the industry and operating according to the highest ethical standards. Hafnia is a global company with offices in Singapore, Copenhagen, and Houston, together with a presence in Mumbai. The Company is part of BW Group, an international shipping group that has worked in oil and gas transportation, floating gas infrastructure, new sustainable technologies, and deep-water production for over 80 years.
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Partnership will lead to a streamlined, tech-enabled software solution for ESG data reporting