Sustainable Shipping

This is the third edition of our annual corporate responsibility report for our ocean transportation business and, with each edition, we learn more. We are learning that progress on results is not always linear and that we must be agile and continually adapt. And we are learning - and understanding - that in order to fulfill our long term goals, we must act with urgency.

Safety remains our number one priority at all times, both the safety of our employees and all of those involved in our business. Last year - once again - there was no loss of life or major incident impacting the safety of our employees and we continued to work on awareness about safety and well-being. Read more about about our commitment to safety and the initiatives that we are driving to ensure the safety and well-being of our people, whilst advocating to improve safety standards across the maritime industry.

In 2019, the discussion about decarbonization intensified: how can the maritime industry meet the IMO’s targets of reducing the carbon intensity of shipping by at least 40% by 2030, and total GHG from global shipping by at least 50% by 2050? At Cargill, we increased our focus on decarbonizing the maritime industry and are working hard to accelerate the reduction of CO2 emissions from shipping. Last year we continued to modernize our fleet, we leveraged existing CO2-reducing technologies and we optimized vessel efficiency. Read more about our commitment to climate change and health and our decarbonization progress to date, as well as our collaborations to drive progress across the industry.

Across our company, we believe in the fundamental need for a balanced workforce, bringing together the expertise and experience of people from different backgrounds and genders. We know that more diverse teams perform better; we also know that our current workforce needs to be more diverse. Inclusion and diversity are a priority for Cargill and last year we conducted a “pulse check” to see how we are doing against our maritime industry peers. Read more about what we are doing to build a more balanced and inclusive culture at our ocean transportation business, whilst also driving progress across the industry.

Our report also covers our three other current sustainability priorities: ocean health and biodiversity; ethical business conduct and compliance; and ship recycling. We established these prioriries based on a materiality assessment conducted in 2017. This assessment has served as the basis for our first three corporate responsbility reports and 2020 sustainability targets and will be renewed next year. Read more about the material relevance to our business of the issues identified by the assessment.

We invite you to review our 2019 Corporate Responsibility Report to explore in more detail.