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- 29-05-2023 16:35
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In order to face the challenges and opportunities of the decade ahead, The Navigator Company has drawn up its 2030 Agenda, a responsible business management agenda that seeks to increase the Company’s positive contribution to creating value and sustainable growth in a changing world.
The 2030 Agenda was built based on the results obtained in an engagement exercise involving 540 internal and external Stakeholders, a benchmarking analysis on international trends and the reference framework provided by the benchmark of the United Nations Sustainable Development Goals.
With the ambition of generating a positive impact for People and the Planet, through its business, the 2030 Agenda comprises one central focus and three strategic action areas, which are aligned with the Company’s Purpose and Values.
The central focus area - A Responsible Business - is relevant to all sectors and informs all areas of strategy. This includes topics such as ethics, risk management and value creation, as well as innovation. The three strategic action areas seek to bring together the material topics on which the Company has previously focussed, and which are reaffirmed even more ambitiously for the coming decade. These are Nature, Climate and Society.
The Company's 12 material topics support our Responsible Business Agenda, set out in the 2030 Navigator Roadmap, which reflects our main commitments and objectives for the next decade.
Climate change is an existential threat to the Earth and human life and remains at the top of the world agenda, exposing the planet's limits, which point to new record high average global temperature in the next five-year period, and the unavoidable changes to our way of life. The climate crisis can be seen in the loss of biodiversity, in deforestation and the scarcity of resources. All of this accelerates degradation of the environment and the emergence of zoonotic diseases, of which COVID-19 is the latest example.
The world's population is set to grow to 9.5 billion by 2050, with an impact on the development of cities and increasing migratory flows. Demographic evolution has interacted with economic development, both through the ageing population and through intergenerational differences, challenging companies to develop and care for their human capital, on which their competitiveness depends.
New technologies, such as digitisation automation, Artificial Intelligence (AI), Blockchain and Big Data will enable companies to accelerate and widen their positive impact on the sustainable development of the economy and society. In addition to the risks of cyber-dependence, the digital transformation under way needs to make provision for protecting systems, programmes and network infrastructures (cybersecurity).
At The Navigator Company we are committed to making the United Nations Sustainable Development Goals (SDGs) a reality.
On the basis of the recent materiality analysis and the 2030 Agenda, we also conducted an analysis of the 17 United Nations SDGs and the respective 169 targets, focusing on those we see as priorities, i.e. where we are able to make a more direct contribution.
Generating a positive impact on these SDGs is an opportunity to create long-term sustainable value and to promote transformation of Navigator, and the sector as a whole, in order to respond to future challenges.
The road Navigator takes through to 2030 will have an impact on these SDGS, directly or indirectly. Responding to these SDGs is an opportunity for sustainable economic growth through more responsible management of resources, generating value in communities and establishing partnerships.
Navigator's 2030 Agenda will interact less directly with these SDGs, although there is a potential positive contribution through the Company's commitments and business plans.
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