2022 marks Lloyd’s Register Foundation's 10 year anniversary. As part of the celebrations, we launched an award at our Safer World Conference to recognise an organisation in our global grants community that has created an outstanding impact on global safety.
We 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 were announced as winners.
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."
Why did HiLo win?
It was clear that HiLo had made a dramatic change to maritime safety culture. Shipping companies are 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 Lloyd’s Register Foundation became a funding partner in 2018, HiLo has helped ship managers reduce safety and environmental incidents by 12%. HiLo MRM 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.
HiLo has given shipping companies the chance to focus on the areas that will make the most difference to safety.
HiLo gives shipping companies the chance to act before incidents happen. 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.
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 ten years. Hilo MRM is well-deserving of our 10th Anniversary Impact Award, which includes up to £10k to support further impact of its work.”