Bangladesh's Ship breaking Industry: A Stakeholder Analysis

Abstract

Bangladesh is home to one of the world's leading ship breaking and recycling industries. Whilst these industries are booming in Bangladesh, it is not safe for workers or the environment. According to International Maritime Organization's (IMO) regulations, Bangladesh is lacking in a number of areas such as having a safe recycling plan and environmental protections reviewed by a competent authority. There is a need to develop safer working conditions, more stringent regulation and corporate responsibility programmes towards protecting human health and the environment. Possible solutions require stakeholders (industry, governments and the IMO) to work together in order to develop sustainable practice. This research contributes by taking a step forward by focussing on the implementation of sustainable practices in the supply chain of global shipping industries in a developing country. Using stakeholder theory, this research offers insight into the need and barriers to implementing social sustainable initiatives.

Citation

Chowdhury, S. (2020), "Bangladesh's Ship breaking Industry: A Stakeholder Analysis", Crowther, D. and Seifi, S. (Ed.) Governance and Sustainability (Developments in Corporate Governance and Responsibility, Vol. 15), Emerald Publishing Limited, Leeds, pp. 173-184. https://doi.org/10.1108/S2043-052320200000015010