Webber Research Ranking
Since 2016, initially under Wells Fargo and latterly via Webber Research, shipping analyst Mike Webber and his team have assessed all shipping companies under their coverage via a systematic approach with the purpose to provide a baseline, comparable quantitative and qualitative corporate governance ranking across the marine universe. The assessment is captured in the ESG Scorecard which ranks the public shipping universe on a number of corporate governance metrics with the goal of identifying both high quality shipping platforms and points of conflict based on those underlying factors. The thinking behind the approach is that over time better returns are delivered by those companies with better corporate governance and increasingly with higher ESG credentials and disclosure.
Since its conception in 2016, Euronav has been placed in the top quartile of the ranking. Stronger Corporate Governance has generally been associated with stronger corporate performance. Companies in Quartile 1 significantly outperformed the bottom quartile by +35% on a 5-year basis and +98% since the inception of the ESG Scorecard.
Visit the Webber Research website for more information.