Prepare for the sustainability era: a quantitative risk analysis model for container shipping sustainability-related risks
Environmental, social, and governance (ESG) issues have attracted global stakeholders' attention, reflecting the focus of sustainability development in this sustainability era. Container shipping is confronted with a wide spectrum of sustainability-related risks during the ESG transformation. T...
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sg-ntu-dr.10356-1807572024-10-23T01:43:57Z Prepare for the sustainability era: a quantitative risk analysis model for container shipping sustainability-related risks Zhou, Yusheng Yuen, Kum Fai School of Civil and Environmental Engineering Engineering Container shipping Sustainability risks Environmental, social, and governance (ESG) issues have attracted global stakeholders' attention, reflecting the focus of sustainability development in this sustainability era. Container shipping is confronted with a wide spectrum of sustainability-related risks during the ESG transformation. Theoretically, this research identifies 36 sustainability risks of container shipping, establishes a customised evaluation framework for container shipping sustainability risks, and quantifies the risks regarding their threatening levels. The five most threatening risks are ‘reinforcement of international emission control policy’, ‘global climate change’, ‘shipping equipment failure’, ‘fuel price volatility’, and ‘ship violates the emission control policy in port area’. The results show that the long-term likelihood as well as environmental and profit impacts of sustainability risks are the most important criteria. Managerially, this research shows that environmental risks are generally the most prioritised risks, while social risks are not significantly impactful to container shipping companies. However, among the social risks, seafarer-related risks are worth paying attention. 2024-10-23T01:43:57Z 2024-10-23T01:43:57Z 2024 Journal Article Zhou, Y. & Yuen, K. F. (2024). Prepare for the sustainability era: a quantitative risk analysis model for container shipping sustainability-related risks. Journal of Cleaner Production, 475, 143661-. https://dx.doi.org/10.1016/j.jclepro.2024.143661 0959-6526 https://hdl.handle.net/10356/180757 10.1016/j.jclepro.2024.143661 2-s2.0-85204449937 475 143661 en Journal of Cleaner Production © 2024 Elsevier Ltd. All rights are reserved, including those for text and data mining, AI training, and similar technologies. |
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Engineering Container shipping Sustainability risks Zhou, Yusheng Yuen, Kum Fai Prepare for the sustainability era: a quantitative risk analysis model for container shipping sustainability-related risks |
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Environmental, social, and governance (ESG) issues have attracted global stakeholders' attention, reflecting the focus of sustainability development in this sustainability era. Container shipping is confronted with a wide spectrum of sustainability-related risks during the ESG transformation. Theoretically, this research identifies 36 sustainability risks of container shipping, establishes a customised evaluation framework for container shipping sustainability risks, and quantifies the risks regarding their threatening levels. The five most threatening risks are ‘reinforcement of international emission control policy’, ‘global climate change’, ‘shipping equipment failure’, ‘fuel price volatility’, and ‘ship violates the emission control policy in port area’. The results show that the long-term likelihood as well as environmental and profit impacts of sustainability risks are the most important criteria. Managerially, this research shows that environmental risks are generally the most prioritised risks, while social risks are not significantly impactful to container shipping companies. However, among the social risks, seafarer-related risks are worth paying attention. |
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School of Civil and Environmental Engineering |
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School of Civil and Environmental Engineering Zhou, Yusheng Yuen, Kum Fai |
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Article |
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Zhou, Yusheng Yuen, Kum Fai |
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Zhou, Yusheng |
title |
Prepare for the sustainability era: a quantitative risk analysis model for container shipping sustainability-related risks |
title_short |
Prepare for the sustainability era: a quantitative risk analysis model for container shipping sustainability-related risks |
title_full |
Prepare for the sustainability era: a quantitative risk analysis model for container shipping sustainability-related risks |
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Prepare for the sustainability era: a quantitative risk analysis model for container shipping sustainability-related risks |
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Prepare for the sustainability era: a quantitative risk analysis model for container shipping sustainability-related risks |
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prepare for the sustainability era: a quantitative risk analysis model for container shipping sustainability-related risks |
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2024 |
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https://hdl.handle.net/10356/180757 |
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