The Association of Private Port Terminals has published a guide of best practices for port sustainability based on ESG guidelines

In order to foster and implement sustainable practices in the port business and activities relating to its chain, the Association of Private Port Terminals (APPT), in collaboration with other involved parties, has published a Guide of Best Practices for Port Sustainability.

Although the Guide is not legally binding, it aims to establish metrics and practices compatible with Environmental, Social, and Governance (“ESG”) guidelines, which are increasingly present in business models, considering the involvement of stakeholders relating to port activities.

The Guide has considered, for instance, best sustainable practices, involving the following categories: (i) policies; (ii) programs; (iii) processes; (iv) plans; (v) projects; and (vi) partnerships.

Within each category mentioned above, expected actions for stakeholders were outlined involving the three ESG pillars for stakeholders, such as the Government, administrators, employees, suppliers, communities, NGOs, investors, and others.

Considering environmental matters, the proposed practices within each category seek to encourage waste reduction and management, adoption of decarbonization practices, environmental auditing, climate risk management, adoption of practices aligned with the Sustainable Development Goals (SDGs) proposed by the United Nations, supply chain traceability, greenhouse gas emission inventories, environmental impact management, environmental education, fostering and protecting biodiversity, among others.

As for social matters, the suggested practices focus on, for instance, encouraging actions to protect human rights, supporting activities from Indigenous communities, mitigating social impacts on the supply chain, fostering of socio-environmental programs, etc.

Finally, from the perspective of business governance, the guidelines involve good conduct practices, anti-corruption measures, compliance and risk management, among others.

Click here to access the Guide in full.

For more information on our ESG practice, click here.

Demarest’s ESG and Infrastructure teams are available to provide further information and clarify any doubts that may be necessary.