Global Energy Giants Vow to Disclose GHG Emissions From Shipping
- Charter signatories aim to cut total greenhouse gas emissions
- Bulk shipping seen more sustainable with consistent reporting
The charter comes as the industry faces tougher International Maritime Organization rules that require emissions from shippers to be halved by 2050 from 2008 levels.
Photographer: Joe Raedle/Getty Images
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Global energy and commodity titans including Royal Dutch Shell Plc, Trafigura Group Ltd. and Cargill Inc. plan to start disclosing greenhouse gas intensity and total emissions from their shipping operations.
Under the initiative, companies will calculate emissions and assess how they align with decarbonization goals on an annual basis, the Global Maritime Forum, an industry group, said in a statement. The agreement, known as the Sea Cargo Charter, also mandates the firms publicly release their alignment scores.