COFCO Joins Shipping Climate Effort

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COFCO International has joined some of the world’s largest agriculture, mining and commodity trading companies to publish emissions data that will support the companies in their efforts to drive carbon efficiency and reduction and align their shipping activities with climate goals, reports World-Grain.com

Sea Cargo Charter

Ship charterers and operators representing over 15% of total bulk cargo transported by sea in 2021 have committed to the Sea Cargo Charter, a global framework to measure and publicly disclose alignment of chartering activities with the ambition to reduce total greenhouse gas (GHG) emissions from international shipping by at least 50% by 2050, as set out by the International Maritime Organization (IMO).

COFCO International is proud to have reached this first shipping emissions reporting goal together with other Sea Cargo Charter signatories. We thank the Global Maritime Forum and all other charter members for this accomplishment,” said Alessio La Rosa, global head of Freight for COFCO International, the overseas agriculture business platform for COFCO Corp., China’s largest food and agriculture company.

Improved emissions reporting is a major milestone in the industrywide decarbonization, and at COFCO International we remain committed to improving the carbon footprint of our sea freight operations and contributing to reducing shipping industry emissions.”

A decarbonization trajectory

The Sea Cargo Charter Annual Disclosure Report 2022 publishes the climate alignment scores of 25 charterers and operators and provides insight into the maritime industry’s progress toward the IMO’s goal of reducing shipping emissions by at least 50% by 2050. It includes emissions data collected by signatories from ship owners and operators for chartering activities in 2021 and compares it to a decarbonization trajectory for the same year.

Including COFCO International, signatories reporting this year are ADM, Anglo American, Bunge, Cargill, Copenhagen Commercial Platform, Diamond Bulk Carriers, Dow, Eagle Bulk, Enviva, Equinor, Gunvor, Holcim Trading, Klaveness Combination Carriers, Louis Dreyfus Company, Maersk Tankers, Norden, Nova Marine, NYK Bulkship (Atlantic), Shell, Signal Maritime Services, Tata Steel, Torvald Klaveness, TotalEnergies and Trafigura.

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Source: World-Grain.com

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