Under its updated environmental strategy, Japanese shipping company MOL revealed plans to invest a total of ¥200 billion (USD 1.8 billion) in low carbon/decarbonization fields from 2021 to 2023.
updated environmental vision, shedding particular focus on achieving Net Zero GHG emissions through the group business to 2050.his follows an announcement by the Group’s new President & CEO Takeshi Hashimoto, on the occasion of MOL Foundation Day, on 1st April, who informed of the company’s
The company revealed the investment as part of its Group’s Vision and Outline of Rolling Plan 2021, released on Monday. Under the plan, MOL will invest in strengthening the environmental perspectives in three core strategies: Environmental, Portfolio, as well as Business strategy.
More specifically, under its “Environmental Vision 2.1”, the company will shed focus on moving up the net GHG emission zero schedule (by 2050), developing a GHG reduction roadmap, introducing internal carbon pricing, and promoting alternative fuel, operational efficiency and energy conservation.
In addition, it plans to continue investing in LNG, as well as wind power generation fields, with an aim to enter the offshore wind power business.