Research and innovation in environmental, social, and governance in the ship equipment supply, product and services sector has declined in the last year.
The most recent figures show that the number of ESG patent applications in the industry stood at 17 in the three months ending November – down from 42 over the same period last year.
Figures for patent grants related to ESG followed a similar pattern to filings – shrinking from 30 in the three months ending November last year to 12 this year.
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