Boston Consulting Group (BCG), a global management consulting firm and the maritime industry's leading advisor on decarbonisation, and American Bureau of Shipping (ABS), a global leader in providing classification services for marine and offshore companies and assets, signed a memorandum of understanding to combine their technical and consulting expertise in the maritime and offshore industries to help clients on their decarbonisation journeys.

ABS has a lot of knowledge and experience in the marine and offshore industries, as well as a deep understanding of the constantly changing regulatory landscape and a global network of sustainability centres.

BCG provides a unique, end-to-end approach to capturing future benefits in the marine and offshore value chain through strategic perspective, change management, and transition design.

Peter Jameson, partner and global lead for Climate and Sustainability in BCG’s Infrastructure, Transport and Cities practice, said: “High uncertainty around regulation, technology, and new markets requires every player across the maritime value chain to work together. Taking a bold leadership position, even with uncertainty, will create an advantage for first movers and sustainable business for followers.”

Christopher J. Wiernicki, ABS chairman, president, and CEO, said: “Meeting the 2050 net-zero targets will require a sustainability-driven transformation in every organisation's operating model. Together ABS and BCG are uniquely qualified to support organisations in the marine and offshore sectors to make the transition. We are also well placed to support public-private partnerships and governments as they look to align their national clean energy strategies and policies to address shipping as a global enabler and transporter of clean energy fuels.”

The new joint proposition will help clients attain their net-zero goals by supporting asset owners in exploring realistic options for operational and technical improvements, getting advice on carbon capture technologies, and using alternative and low-carbon fuels, among other services that support carbon reduction strategies.

The BCG/ABS offer is also aimed at those looking to tap into the opportunities afforded by the transition to net zero. This would include all businesses that feed into the low-carbon value chain for offshore industries, including renewable energy producers, low-carbon fleet development, and subsea storage, among others.

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Source: BCG