Research suggests that optimising operational efficiency has the potential to reduce annual emissions by up to 25%, the equivalent of more than 200m tonnes of CO2. Reconciling the operational efficiency opportunity will be compicated, but it is possible, and does not require new technologies or complex regulatory leaps. Starting in January 2022, Taskforce members have identified four main areas that can become critical enablers of improvement:

Data sharing & transparency: The availability of data today is a major enabler of the transparency and trust needed to increase the uptake of operational efficiency in shipping.
Contractual changes: Standard contracts have dominated the sector for over a century and need to be modernised, for example, via clauses that enable and encourage operational efficiency.
Pilots and value chain engagement: Running pilots across value chains will help identify measures to enhance trust and collaboration across shipowners, charterers, consumers, ports and terminals, for example through the use of virtual arrival.
Culture and Leadership: These changes will involve a mindset shift at all levels of companies and across business units through internal incentives and change management.

Short-Term Actions Taskforce

Founding

Member companies

Knowledge partners & observers