Lloyd’s Register Foundation Announces New Partnership with

Lloyd’s Register Foundation has announced a significant partnership with the World Economic Forum to promote sustainable practices in global ports. This initiative, titled “Accelerating the Transition to Nature and People Positive Ports,” aims to enhance the environmental and social impact of port operations. The three-year project will commence in March 2025, focusing on securing commitments from major ports worldwide and sharing effective strategies that benefit both people and nature.

Transforming Port Operations for Sustainability

Ports are crucial to the economy, contributing approximately 10% to the U.S. GDP and around 16% to the EU’s Blue Economy. However, they also represent some of the largest industrial zones and CO2 emitters globally. The new partnership seeks to address these challenges by implementing nature-positive strategies that enhance safety and working conditions while promoting social prosperity.

Alfredo Giron, Head of Ocean at the World Economic Forum, emphasized the need for innovative practices in port infrastructure. He stated, “As demand for port infrastructure increases, we need innovative practices and engineering methods to secure a safer, cleaner, and more sustainable sector.” The initiative will focus on protecting coastal and marine ecosystems while ensuring that new investments in emerging markets adhere to nature-positive criteria.

The partnership aims to foster collaboration among stakeholders to achieve global climate targets, such as the Paris Agreement and the Global Biodiversity Framework. Jörgen Sandström, Head of Transforming Industrial Ecosystems at the World Economic Forum, highlighted the importance of addressing the environmental impact of ports. He noted that fostering collaboration and unlocking innovation are essential for reducing CO2 emissions while driving economic growth.