Carriers Outperform Retailers in Tracking Shipping Emissions
A recent report card released by the Ship It Zero campaign has shed light on the shipping industry’s progress toward decarbonization. The report evaluated major retailers and shipping carriers based on their efforts to reduce emissions and develop zero-emission fuels for maritime shipping.
Evergreen, Hapag-Lloyd, Pacific International Lines, and Yang Ming Receive Low Grades
While some carriers have demonstrated dedication to sustainability, the report highlighted that Evergreen, Hapag-Lloyd, Pacific International Lines, and Yang Ming scored poorly, receiving the rock-bottom grade of F. The findings reveal that these companies have significant room for improvement in their decarbonization efforts.
A Mixed Bag for Retailers
The report card also assessed major retailers’ commitment to addressing shipping pollution. Amazon, Home Depot, Lowe’s, and Walmart all received failing grades (F), indicating inadequate progress in tackling emissions. In contrast, IKEA stood out with a B+ rating, but no retailer achieved a perfect score, emphasizing the need for collective action in this crucial area.
Carriers’ Overreliance on False Solutions
Researchers behind the report expressed concern about carriers’ reliance on “false solutions” such as liquefied natural gas (LNG) and scrubbers. These measures are considered less effective in achieving genuine decarbonization goals and pose risks in the face of the ongoing climate crisis.
Methodology and Criticisms
The report’s methodology was based on reviewing carriers’ corporate social governance reports and press releases related to decarbonization commitments and emissions disclosures. Extra credit was awarded for absolute emissions reductions and green fuel contracts, while deductions were made for emissions increases and reliance on LNG and scrubbers.
Despite the report’s intention to hold companies accountable, some experts question its findings. Alternative analyses, such as Xeneta and Marine Benchmark’s Carbon Emissions Index (CEI), have presented differing perspectives, suggesting that some carriers, like Yang Ming, have performed better than their peers in terms of carbon emissions.
Urgent Call for Decarbonization
Ship It Zero’s lead, Eric Leveridge emphasized the urgency of decarbonizing the shipping industry. With the global climate crisis intensifying, the need for concrete action to reduce emissions becomes ever more critical. Companies are being urged to commit to achieving 100% zero-emission, fossil-free ocean shipping by 2030 to safeguard the environment and future generations.
The Path Forward
As the report sparks conversations and scrutiny, the call for meaningful action resonates across the industry. Carriers and retailers alike are encouraged to step up their efforts, adopting genuinely sustainable practices and embracing renewable energy sources.
The shipping sector plays a pivotal role in the global economy, and its impact on the environment cannot be underestimated. Embracing innovative solutions and committing to decarbonization will not only help companies meet environmental goals but also position them as leaders in a rapidly evolving, environmentally-conscious market.
Navigating Towards a Greener Future
The Ship It Zero campaign’s report card offers valuable insights into the shipping industry’s journey toward sustainability. While some carriers and retailers are making commendable strides, others are lagging behind, highlighting the diverse commitment levels within the sector.
As the world faces the consequences of climate change, the shipping industry must proactively address its environmental impact. Collaboration, innovation, and ambitious targets are essential to forging a greener future for the sector. By embracing zero-emission technologies and working towards a fossil-free ocean shipping ecosystem, carriers and retailers can contribute significantly to a healthier, cleaner world for generations to come.
