This year marks the 10-year anniversary of the establishment of Lloyd’s Register Foundation (LRF), which decided to mark the occasion with an award at its Safer World Conference to recognise an organisation in its global grants community that has created an outstanding impact on global safety.
LRF narrowed down over 200 current and former grant holders to just three. These three went head-to-head, based on:
• Impact on safety
• Use of evidence and insight
• The significance to the people affected
• The role the grant holders played in driving change.
Following a rigorous judging process, HiLo Maritime Risk Management was announced as winner.
HiLo’s CEO, Manit Chander, says: “It’s a very proud moment for HiLo. We were up against the best of the best globally. Being the most impactful business in the last 10 years of LRF funding is a huge honour.”
LRF considers HiLo to have made a dramatic change to maritime safety culture with shipping companies now comfortable sharing their full internal safety data in return for in-depth analysis and reduced incidents in their fleets. In the past year there were 308 fewer tanker incidents, and bulker incidents reduced by 135.
Ruth Boumphrey, Director of Research and Strategic Programmes at Lloyd’s Register Foundation said: “Safety at sea is absolutely fundamental to the Foundation’s charitable mission. Since we became a funding partner in 2018, HiLo has helped ship managers reduce the risk of safety and environmental incidents by an estimated 72%. HiLo MRM (Maritime Risk Management) is a truly remarkable success story of how Lloyd’s Register Foundation funding can create impact and improve the safety of people around the world.”
HiLo’s customers have had a 5% reduction in spills, an 8% reduction in injuries and an overall incident reduction of 12%. This measurable impact has improved safety for countless seafarers. Shipping companies have the chance to focus on the areas that will make the most difference to safety, and are able to act before incidents happen.
Jan Przydatek, Director of Technologies at Lloyd’s Register Foundation said: “As part of our Safer World Conference 2022, we celebrated the work of our global grants community from our first 10 years. Hilo MRM is well-deserving of our 10th Anniversary Impact Award, which includes up to £10k to support further impact of its work.”
With the prize money provided alongside the award, HiLo will be able to enhance and maximise its ability to predict catastrophic events and continue making the world a safer place.