Cargill sets goals to make ocean transportation safer, more efficient and sustainable
As one of the world’s largest vessel charterers, Cargill continues its push to reduce emissions and raise industry standards
(GENEVA, Switzerland) June 19, 2018 - Cargill has published its first corporate responsibility report specifically for its ocean transportation business. The report, which is written in line with the Global Reporting Initiative, provides an update on progress for 2017. The company outlines its plans and activities to lead dry bulk shipping, one of the world’s oldest and most traditional industries, into a new era by making shipping safer, more efficient and sustainable.
Together with its stakeholders, Cargill completed a comprehensive materiality assessment for its operations in mid-2017. Using this assessment tool as a basis, the business set actions and targets to improve its operations in the areas of climate change and health; safety and well-being; ocean health and biodiversity; and inclusion and diversity.
“Cargill is taking a holistic approach to sustainable development and to our obligations as a responsible global citizen,” said Jan Dieleman, president of Cargill’s ocean transportation business.
Cargill reports some improvements across a number of performance measures, notably within its fleet composition and vessel efficiency. In 2017, Cargill’s ocean transportation business reduced its CO2 emissions by 5.7 percent* and committed to achieving a 15 percent reduction by 2020.
“We are relatively pleased with our fleet performance this year. We know vessel efficiency can vary considerably due to a host of external factors but the whole team at Cargill is committed to achieving a significant improvement in coming years,” said Dieleman.
The aspirations outlined by the ocean transportation business follow Cargill’s earlier announcement, which stated their desire to cut gross greenhouse gas emissions by 10 percent by 2020 across its global operations.
Dieleman also recognized the importance of the strategic partnerships which Cargill entered into in the latter part of 2017, “Sustainable shipping can only become a reality if the entire industry pulls in the same direction. The hard work certainly lies ahead of us and we will embrace it.”
Notes for Editor
1. Cargill’s CO2 reduction of 5.7 percent is on a cargo-ton-mile basis and applies to its time-chartered fleet.
2. Cargill sets new goal to address climate change.
https://www.cargill.com/story/cargill-sets-new-goal-to-address-climate-change
3. Cargill signs four new strategic partnerships to advance sustainability in the ocean shipping industry.
https://www.cargill.com/2018/cargill-signs-four-new-strategic-partnerships
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About Cargill
Cargill is committed to providing food, ingredients, agricultural solutions, and industrial products to nourish the world in a safe, responsible, and sustainable way. Sitting at the heart of the supply chain, we partner with farmers and customers to source, make and deliver products that are vital for living.
Our approximately 160,000 employees innovate with purpose, providing customers with life’s essentials so businesses can grow, communities prosper, and consumers live well. With 160 years of experience as a family company, we look ahead while remaining true to our values. We put people first. We reach higher. We do the right thing—today and for generations to come. For more information, visit Cargill.com and our News Center.
About Cargill Ocean Transportation
Cargill Ocean Transportation is a leading freight-trading business that provides bulk shipping services to customers across the globe. Founded in 1956, Cargill commands the highest level of operational expertise which ensures the sustainable and efficient management of its 650-strong fleet. Cargill has a unique market perspective and combines first-class operations with expert trading in both physical and financial freight markets.