Aligning global shipping with society's goals
We are delighted to announce the Sea Cargo Charter which sets a new benchmark for responsible shipping, transparent climate reporting, and improved decision making in line with agreed climate targets.
A group of the world’s largest energy, agriculture, mining, and commodity trading companies will for the first time assess and disclose the climate alignment of their shipping activities.
The Sea Cargo Charter establishes a common baseline to quantitatively assess and disclose whether shipping activities are aligned with adopted climate goals. The Sea Cargo Charter is consistent with the policies and ambitions adopted by member states of the UN’s International Maritime Organization, including its ambition to reduce greenhouse gas emissions from international shipping by at least 50% by 2050.
Consequently, the Sea Cargo Charter allows for the integration of climate considerations into chartering decisions to favor climate-aligned maritime transport and thus enables leaders from diverse industry sectors to use their influence to drive change and promote shipping’s green transition.
The 17 Founding Signatories of the Sea Cargo Charter include ADM, Anglo American, Bunge, Cargill Ocean Transportation, COFCO International, Dow, Equinor, Gunvor Group, Klaveness Combination Carriers, Louis Dreyfus Company, Norden, Occidental, Shell, Torvald Klaveness, Total, Trafigura, and Ørsted. All other responsible charterers are invited to join the initiative.
We thank Anglo American, Cargill Ocean Transportation, Dow, Norden, Total, Trafigura as well as leading industry players Euronav, Gorrissen Federspiel, Stena Bulk and expert advisers Smart Freight Centre, UMAS, UCL and Stephenson Harwood who have worked with us to develop the Sea Cargo Charter.