Shippers have a new way to participate in the global drive to achieve carbon neutrality while working to directly lower the carbon footprint of their supply chains and cargo shipments.
MSC announced in an email to customers that it is rolling out a global program in partnership with South Pole, a company that works businesses and governments to aid in the development of emission reduction and renewable energy projects tailored to the organization’s needs. Under development since 2019, and previously offered in select countries, MSC said the program is now being extended worldwide throughout 2020.
“MSC clients are given the opportunity to contribute to projects that not only mitigate global CO2 emissions but also improve lives on the ground in communities in China and Zimbabwe from the development of cleaner energy and to combating poverty, improving skills and ensuring food security," explained Natalia Gorina, Commercial Director at South Pole.
Shippers compensate for the emissions generated from the transportation of their cargo by financially contributing to two of South Pole’s emission reduction projects. MSC assists in the calculation of the carbon footprint of the shipments and South Pole certifies than an equal amount of carbon credits generated by its projects are canceled on behalf of the shipper in a program that is audited and third-party certified to meet international standards. The carbon credits are assigned serial numbers in the publicly accessible registry ensuring no double counting of claims.
According to MSC, shippers will benefit from the effort with the knowledge that South Pole’s climate projects deliver measurable benefits aligned with the goals of the Paris Agreement and the UN Sustainable Development Goals.
Source: MaritimeExecutive (Click for full article)