Transparency on carbon emissions is essential for businesses to make decisions with consideration for the environment. Maersk Line recently became the first shipping line in the world to have its carbon footprint verified by an independent body vessel by vessel. We have decided to share this data with the Carbon War Room. Now everyone can see clearly how our vessels perform, both our customers and the general public.
We welcome the new ShippingEfficiency initiative, and would encourage other shipping lines to support it.
Transparency and efficiency are the key drivers for reducing the carbon footprint of the global shipping industry.
Shippingefficiency.org goes right to the heart of this challenge, and the sooner we get the full picture about exactly who is emitting exactly what, the faster the pace of change will be in securing a more sustainable shipping industry.
Cargill has introduced a senior management override on the use of the least energy efficienct vessels. By choosing the more efficient vessel available to us, we are making a strong statement to the market. We hope this action will demonstrate to ship owners that they can and should do more in terms of efficiency, and that the market will reward them and will also show other charterers the decision support tools available if they want to operate more efficiently.
BHP Billiton recognise that sustainable growth requires an effective response to climate change. Use of RightShip’s GHG Emissions Rating reflects our Company-wide focus on reducing greenhouse gas emissions and increasing energy efficiency. Use of the GHG Rating to select the more environmentally sustainable vessels minimises the environmental impacts of our operations, at the same time delivering back to our shareholders through use of the more fuel-efficient, cost-effective, vessels.
We are committed to a sustainable supply chain and this will help us to reduce our indirect greenhouse gas emissions across our shipping program. Incitec Pivot charters more than 200 vessels annually and by selecting the most efficient vessels we are reducing carbon emissions while rewarding ship owners that invest in more efficient ships. From a business perspective ships that are more efficient will use less fuel so there is a cost benefit as well, which shows how environmental improvements can be linked to improved financial performance.