Green Marine has introduced a performance indicator for responsible ship recycling to their program. The new indicator is the result of 18 months of collaboration among the industry, environmental organizations, the scientific community and government representatives. The indicator is divided into two parts: the first set of criteria calls upon Green Marine’s participating vessel owners to create an inventory of hazardous materials (IHM), while the second set applies to owners dismantling/recycling one or more vessels in any given year. The indicator provides vessel owners with a step-by-step approach and will give these participants recognition for efforts made. It is optional during the first year of assessment (for 2020), They will subsequently be mandatory to obtain Green Marine certification.