International Container Terminal Services, Inc. (ICTSI) has committed to achieve net zero greenhouse gas (GHG) emissions for its Scope 1 and 2 emissions by 2050.
According to ICTSI, this pledge demonstrates its dedication to responsible business practices and environmental protection, alongside its role in facilitating global trade.
Further to this, ICTSI commits to reduce its GHG emissions directly from its operations (Scope 1) and purchased electricity (Scope 2) by 26 percent per container move by 2030, benchmarked against a 2021 baseline – a significant step towards net zero by 2050.
Our commitment to decarbonization targets marks an important step on our journey to becoming a more sustainable company
… said Christian R. Gonzalez, ICTSI executive vice president, compliance officer and chief sustainability officer
The company is actively evaluating emissions across its entire value chain (Scope 3) and will develop an inventory by 2025, followed by a target review.
Scope emissions describe the categorisation of greenhouse gas (GHG) emissions into groups to facilitate universal international accounting and reporting. There are four distinct groups:
- Scope 1: Direct emissions are greenhouse gas (GHG) emissions from the sources that are owned or controlled by the reporting entity
- Scope 2: Or indirect emissions are greenhouse gas emissions specifically from the generation of purchased or acquired electricity, steam, heat, or cooling consumed by the reporting entity
- Scope 3: Refers to all indirect greenhouse gas emissions from all sources whether upstream or downstream of a value chain and which are not owned or controlled by the reporting entity directly
- Outside of scopes: The emissions are labelled “outside of scopes” because the scope 1 impact of the carbon dioxide (CO2) released through these fuels has been determined to be net zero.
These targets will be regularly reviewed and updated in alignment with evolving climate science, ensuring that ICTSI stays at the forefront of adaptation and mitigation efforts.
ICTSI has already achieved carbon neutrality in four terminals in the Americas – Contecon Guayaquil in Ecuador, Contecon Manzanillo in Mexico, and Tecon Suape and Rio Brasil Terminal in Brazil – representing a significant quarter of the Group’s total volume handled.
