Quality management systems and their effect on ESG principles at the shipping sector
Master Thesis
Author
Moschaki, Eleni
Μοσχάκη, Ελένη
Date
2023-10View/ Open
Keywords
QMS ; ESG principles ; Sustainability ; Maritime sector ; CSR ; ISO ; ISM ; TMSAAbstract
The shipping industry, which plays an important role
in global trade and the growth of the economy, is under growing scrutiny
to tackle environmental and social issues in addition to Quality
Management Systems. This study strives to comprehend the value of ESG
factors and the effect of QMS on them, as well as their impact on the
performance and long-term resilience of shipping companies, through an
extensive literature review.
The findings of this study highlight the importance of efficiently
maintaining Quality Management Systems as well as implementing the ESG
Principles and their regulations. The outcomes benefit shipping companies
by increasing the value of the services provided and improving the
company's sustainability levels. Furthermore, social criteria and labour
rights are met, personnel welfare is taken care of, and governance is
transparent, with equal gender representation on governing bodies and
ethical leadership. By implementing ESG criteria, shipping companies can
improve their decision-making, attract sustainable investments, and
contribute to a more environmentally and socially responsible world.