TT Club Offers ‘Toolkit’ For Developing ESG Policies

TT Club, a London-based insurance provider to the freight transportation sector, announced April 23 that it has developed an active toolkit to help companies develop ESG—Environment, Social and Governance—policies.

The toolkit provides signposts to strategies and solutions to challenges such as emissions calculation, reduction and reporting.

“The rapid development of ESG principles presents a challenge to many members, particularly smaller operators,” said Charles Fenton, TT Club CEO. “Our ESG toolkit is in line with our commitment to providing our members, and the sector as a whole, with the resources to give insight, educational content and support in navigating a company’s pathway in this complex area.”

“The toolkit will develop over time to build a resource base of success stories of effective ESG strategies from across the cargo-handling and supply chain sectors,” said Mike Yarwood, TT Club managing director-loss prevention. “This series of case studies provides building blocks to guide others in designing and embedding ESG policies and will be augmented as our experiences and those of our members and partners evolve.”

“Support and guidance to help mitigate the environmental impact of operations is a valid start point, but knowing what to consider will be starkly different for a freight forwarder, a port or a container terminal,” the organization said in the announcement. “Operations must positively impact local communities wherever possible. However, transport and logistics companies wield significant influence over numerous social factors, from ensuring fair labor practices to promoting diversity and inclusion and to safeguarding employee well-being. ‘What are the best means of ensuring these goals?’ is a question an operator must answer.

“Further, the requirements and benefits of good governance are still evolving alongside the rise of ESG. This predates environmental and social risks as a corporate priority, but inconsistent developing demands by both international regulators and national governments means transport operators must keep a watchful eye on variable trends.”

The toolkit is available through this link: www.ttclub.com/loss-prevention/esg-toolkit/.

Founded in 1968 and operating internationally, TT Club has more than 1,200 members.