08 AUGUST 2024
South32 has become a signatory to the Sea Cargo Charter – a global framework for assessing and disclosing the climate alignment of chartering activities.
We have long-term goal to achieve net zero greenhouse gas emissions across scope 1, 2 and 3 by 2050 and a medium-term target to halve operational GHG emissions by 2035, compared to our FY21 baseline.
Maritime freight is an integral part of our supply chain, so we are working towards reducing GHG emissions associated with the shipping of our products and transportation of supplies to our operations.
"Joining the Sea Cargo Charter is another step in our decarbonisation journey,” said Matthew Gillespie, South32 Vice President Marketing.
“By aligning to the Sea Cargo Charter’s global framework, we can better track our decarbonisation progress against the International Maritime Organization’s decarbonisation trajectory and our net zero goal.”
The Sea Cargo Charter aims to reduce global shipping's annual greenhouse gas emissions to net zero by around 2050. This initiative aligns with the goals of the International Maritime Organization, the United Nations agency responsible for regulating global shipping. The Sea Cargo Charter now represents over 20% of bulk goods transported by sea annually.
Becoming a signatory to the charter builds on our ongoing efforts to reduce emissions from shipping, which include monitoring emissions data to understand costs and identifying opportunities for increased efficiencies in shipping products and raw materials economically and responsibly.
More information about the Sea Cargo Charter is available on their website (www.seacargocharter.org)
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