Climate Change
Together, making zero carbon shipping a reality
For the last few years, Cargill has been one of the leaders in the decarbonization efforts of the shipping industry. We are committed to play our role in transforming the industry and making zero carbon shipping a reality.
The shipping industry faces its biggest challenge to meet the International Maritime Organization’s (IMO) decarbonization targets which include a 50 per cent reduction in GHG emission by 2050.
We are working closely with our counterparties and wider stakeholders through various initiatives to deliver continuous improvements in carbon intensity, spanning from ship technical efficiency and operating efficiency to fleet and supply chain optimization. We also continue to invest in and pilot new technologies and fuels to reduce the carbon intensity of our fleet.
In 2021, for the first time, through the Sea Cargo Charter, we have a global framework in place for assessing and disclosing the climate alignment of industry-wide chartering activities against which we can measure the impact of our efforts. We now have a common, global baseline to quantitatively assess and disclose if chartering activities are in line with climate goals. This is a critical step in our decarbonization journey and provides a standard starting point from which we can measure future improvements. Most importantly, we are collecting data that allows us to have discussions and make decisions that are data driven.
Find out more about Cargill’s decarbonization journey in shipping in our decarbonization report .