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20th February 2024

Stena Line CEO Appointed to Lead Supply Chain & Transport Industry Community at World Economic Forum

Stena Line’s Chief Executive Officer (CEO) Niclas Mårtensson, is the new Governor Chair of the Supply Chain & Transport Industry Community at the World Economic Forum.

Niclas will represent Stena AB, playing a critical role in accelerating the transformation of the industry over the next two years.

The World Economic Forum (WEF) is an international organisation that brings together leaders from business, government, civil society, and academia to shape global, regional and industry agendas.

At this year’s annual meeting in Davos, it was announced that Niclas Mårtensson will take on the role of Governor Chair of one of the forum’s 22 industry communities: the Supply Chain & Transport Industry. Over the next two years as Governor Chair, Niclas Mårtensson’s responsibility will be to provide leadership for the community, help define the industry agenda, and identify where collective action may contribute to positive industry and global systemic outcomes.

“This is a fantastic opportunity to shape the agenda that will enable the transition to fossil-free, inclusive, and safe movement of goods. The World Economic Forum brings together such a vast diversity of political leaders and influential people from business and the civil society who are all engaged in collaborating to create actual change for a better world”, Niclas Mårtensson says.

WEF is most famous for the annual meeting in Davos, but the industry communities work together throughout the year, proposing, endorsing, and providing strategic input to priorities for the industry they represent. A significant role for Niclas Mårtensson will be to influence the policies and regulations around existing opportunities, with the goal of facilitating a fossil-free supply chain and transport industry.

“While the world currently sets high goals for sustainability, the necessary infrastructure to achieve these goals often falls short, for example when it comes to electrification. In my role as Governor Chair, I have a responsibility to make my voice heard and influence the policies that are crucial for our industry’s inevitable transformation”, states Niclas Mårtensson.

Niclas takes over from the Group CEO at freight transport company PSA International, Tan Chong Meng, who has held the role for the past two years.

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About the Loughs Agency

The Loughs Agency is a governmental body established under the 1998 Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of Ireland. The Agency's goal is to provide sustainable social, economic, and environmental benefits by effectively conserving, managing, promoting, and developing the fisheries and marine resources of the Foyle and Carlingford areas.

The Agency's governing legislation confers several specific functions, including the promotion of development of Lough Foyle and Carlingford Lough for commercial and recreational purposes in respect of marine, fishery, and aquaculture matters. Moreover, the Agency is responsible for managing, conserving, protecting, improving, and developing the inland fisheries of the Foyle and Carlingford areas. Additionally, the Agency has the task of developing and licensing aquaculture, as well as the development of marine tourism.

The Loughs Agency reports to the North South Ministerial Council and its government Sponsor Departments, the Department of Agriculture, Environment and Rural Affairs (DAERA) in Northern Ireland, and the Department of the Environment, Climate, and Communications (DECC) in Ireland. The Departments fund the Agency on an equal basis.

The Loughs Agency's focus on sustainable development is expected to have a positive impact on the economy, environment, and local communities in the Foyle and Carlingford areas. The Agency's efforts to conserve and enhance the region's marine resources, including fisheries and aquaculture, are expected to benefit local communities, promote tourism, and contribute to economic growth.

In conclusion, the Loughs Agency plays a vital role in promoting the sustainable social, economic, and environmental development of the Foyle and Carlingford areas. Its work on marine conservation and development is crucial in ensuring the long-term viability of the region's natural resources and in promoting sustainable economic growth.