Shrinking shipping's environmental footprint
The industry has no choice, except whether to go along reluctantly or embrace the change
THE giant shipping group Maersk made an important commitment at the BSR Conference 2014 in New York a couple of weeks ago. BSR is a global not-for-profit organisation that works with a network of more than 250 member companies to "build a just and sustainable world". The conference focused on transparency and how supply chains can be transformed for a sustainable future.
Maersk Group CEO Nils Andersen announced a new CO2 reduction target for the group's container shipping arm Maersk Line, of 60 per cent by 2020. Maersk says this reflects its strategy of balancing growth and trade with environmental impact.
Mr Andersen said that the challenge was to increase trade and economic well-being for a growing population while mitigating negative impacts to the climate and environment, not least, carbon dioxide (CO2) emissions. CO2 is regarded the main "greenhouse gases" (GHG) that contribute to global warming.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race
China's largest auto show displays all-electric future, local brands dominate
Toyota hits record annual output, sales on robust demand
Nissan, Mazda roll out new models for China as they aim for comeback
VinFast chief plans to invest US$1 billion more from his fortune in EV maker
XPeng CEO says its software, AI upgrades to enter ‘super fast cycle’