The North American Marine Environment Protection Association (NAMEPA) and Capital Link announced today a strategic cooperation to promote best practices in marine and environmental issues.
NAMEPA, officially launched in 2007, is a maritime industry-led initiative which engages maritime businesses, government and the public to "Save our Seas" by promoting sound environmental practices. NAMEPA operates as a nongovernmental organization committed to preserving the marine environment through educating seafarers, port communities and students about the need, and strategies, for protecting this important global resource.
Capital Link serves as a link between private and public shipping companies, financiers and investors and is the largest provider of Investor Relations and Financial Communications services to shipping companies listed on U.S. and European exchanges. Recognizing the increasing significance of corporate social responsibility (CSR) issues across the shipping and offshore sectors, Capital Link has initiated an activity dedicated to Sustainability and CSR issues, which includes a web-based information hub and Annual Conference in London, already in its third year, and a series of webinars and interviews.
“Preserving the marine environment and protecting this global recourse is a heavy responsibility that cannot be fulfilled by just one organization’s activity. It requires a general realization of the importance of the issue, as well as collaboration of various entities. By sharing the same objectives with Capital Link and establishing a strategic cooperation, we aim to promote safe maritime businesses to a wider public and more corporations to engage Maritime CSR practices,” said Clay Maitland, Founding Chairman at NAMEPA.
Nicolas Bornozis, President of Capital Link said, “[CSR] is becoming a fundamental component of a company’s business model meant to produce tangible and profitable results in response to stakeholder expectations. The need for increased CSR activities is not just mandated by a growing regulatory trend but also by market forces as corporations demand their business partners to implement CSR policies of their own. A consistent CSR commitment can become a differentiating factor and a competitive advantage from an operational, commercial and financial point of view, impacting a company’s valuation and cost of capital, along with its overall profitability and long term viability.
As part of the overall cooperation, for a third year in a row, NAMEPA actively supports and participates in third annual Shipping and Offshore CSR Forum which will take place in London on Thursday, October 31, 2013. Clay Maitland will Chair the Forum, which attracts 300+ delegates annually and aims to identify and debate the latest trends and developments regarding best practices in innovation, environment, human resources management, safety and security in the Shipping and Offshore industries.