Sustainable growth report 2024

In this section we reflect on key global events from 2024 that may influence our company and the market in which we operate. We then turn to highlight Anthony Veder’s culture, sharing our mission, vision, values and achievements from the past year. 

Each of the external events is linked to one of the core ESG themes: Environmental, Social or Governance, showing how broader trends connect with our sustainability journey. 

EXTERNAL DEVELOPMENTS

Related to Social: IMO adopts key amendments to STCW code
The IMO made significant amendments to the Standards of Training, Certification, and Watchkeeping (STCW) code to improve the lives of seafarers. Key changes include:

• Seafarers will receive more comprehensive training on emergency procedures, marine pollution prevention, and safe working practices.
• Emphasis on improving communication and teamwork onboard ships, along with training on conflict resolution and understanding social responsibilities.
• Mandatory training on preventing bullying, harassment, and sexual assault at sea, including trauma-informed responses.
• Training on the effects of fatigue and how to manage it to ensure seafarers’ wellbeing and safety.

These developments reflect the increasing focus on integrating maritime into global climate action frameworks, bringing both challenges and opportunities for sustainability in shipping.

Related to Environment: COP29
In November 2024, the 29th United Nations Climate Change Conference (COP29) took place in Baku, Azerbaijan. A highlight of the major developments for sustainability in the maritime sector:

• A call to action was signed by Maritime leaders to achieve 5-10% adoption of green fuels by 2030. Also, the Global Carbon Credit Trading System was established to trade verified carbon credits under rigorous, transparent rules.
• Inclusion of Shipping in Climate Finance Discussions: a notable push for innovative climate financing mechanisms, with proposals to impose levies on shipping emissions.
• Discussions emphasised the need for comprehensive decarbonisation strategies in the maritime sector. Effective approaches include: design and operational optimisation, enhancing energy efficiency and transitioning to emission-free fuels.
• Active participation by the International Maritime Organisation (IMO), reaffirming its commitment to reducing greenhouse gas emissions from shipping.

Related to Environment and Governance:
Draghi Report

The Draghi Report, commissioned by the European Commission and presented in September 2024, outlines Mario Draghi’s vision for enhancing European competitiveness.

In this report the following topics addressed the maritime industry:

• Ensure Europe’s leadership in clean maritime technologies amid global competition, especially from Asia.
• Address the transition to decarbonisation, requiring large-scale investments in clean fuel production and infrastructure.
• Protect and modernise European shipbuilding and maritime industries to enhance competitiveness.
• Prepare the workforce for digital and green transitions, as new technologies and alternative fuels change operational needs.

The report offers a roadmap for strengthening Europe’s economic resilience while accelerating the green transition, with a specific call for innovation and decarbonisation in the maritime industry.

OUR MISSION AND VISION