Mediterranean Shipping Company (MSC) has denied accusations by NGO Transport & Environment that it is the seventh largest carbon emitter in Europe, commenting that the company operates a modern fleet and is running the biggest fleet investment programme in the industry to further reduce emissions.
To remind, a report by Transport&Environment (T&E) informed that MSC is amongst the top 10 carbon emitters; In essence, based on the data submitted by shipping companies through the MRV regulation, MS’s fleet, which moves consumer goods, ranging from electronics and fresh fruit to clothes and toys, was responsible for about 11 million tonnes (Mt) of CO2 emissions in 2018.
Therefore, responding to the accusations, MSC notes that fully supports reporting CO2 emissions transparently and precisely in the European Union (EU) Monitoring, Reporting and Verification (MRV) system, as mandated by EU legislation.
To provide a comprehensive and accurate conclusion, CO2 emissions should be compared on an equal basis. An analysis focusing on shipping emissions in the EU should only take into account emissions which actually occurred in the geographical area of the EU, if it is going to be compared to other sources limited to the same area.
This is particularly relevant for a global company such as MSC, which operates in all the world’s major shipping lanes. A complete analysis would show that only 40-45% of the emissions reported by MSC in the MRV were actually in the EU. In addition, a correct analysis would also show that MSC has achieved 2.5% YOY reduction in absolute emissions under the MRV scheme in a single year.