The Global Maritime Forum published the Sea Cargo Charter Annual Disclosure Report 2022, revealing the climate alignment scores of 25 charterers and operators.
The report includes emissions data collected by Signatories from ship owners and operators for chartering activities in 2021 and compares it to a decarbonization trajectory for the same year.
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It shows that 12 of 25 reporting Signatories are aligned with the International Maritime Organization’s target for their segments. The report also contains commentary from charterers on key takeaways from their climate assessment and reflections on how this new insight has and will inform their business activities in the future.
The simple average climate alignment score was 2.7%, representing the average of all of the reported scores calculated with each score being assigned equal
weight.
This means that on average, Signatories were 2.7% misaligned with the decarbonization trajectory in 2021. Scores ranged from -26.1% to 46.2%, and sixty percent had a score of +5% or less. A negative score implies alignment while a positive score denotes misalignment to the decarbonization trajectory.
Based on feedback from Signatories and a wider shipping stakeholder group, the Sea Cargo Charter has motivated a step-change in attitudes towards sharing emissions and activity data between charterers and owners.
Signatories reported 84% of their annual activity on average, being unable to obtain data from shipowners or operators for the remaining voyages. In the twelve months since the start of data collection, many Signatories now have a near complete overview of the carbon intensity of their activity which can help them make chartering decisions based on environmental credentials.
Ship charterers and operators representing over 15% of total bulk cargo transported by sea in 2021 deliver on their commitment to the Sea Cargo Charter, a global framework for aligning ship chartering activities with society’s goals.
Signatories to the Sea Cargo Charter commit to measuring and publicly disclosing the alignment of their chartering activities with the ambition to reduce total GHG emissions from international shipping by at least 50% by 2050, as set out by the International Maritime Organization, the UN agency regulating global seaborne trade.
The Sea Cargo Charter Annual Disclosure Report 2022 in addition to presenting the climate alignment scores of 25 charterers and operators, it also provides insight into the maritime industry’s current state of progress vis-a-vis the IMO’s goal of reducing shipping emissions by at least 50% by 2050.
Thanks to unprecedented levels of data sharing, we better understand the climate impacts of our business activities at a much more granular level, and can back up operational and strategic decisionmaking with real data
says Jan Dieleman, President, Cargill Ocean Transportation and Chair of the Sea Cargo Charter Association. In an exclusive interview to SAFETY4SEA, Mr. Dieleman highlighted that the climate crisis is the biggest challenge, but only if addressing equally the Social and Governance elements, maritime industry can find a solution towards. For this purpose, industry must take leadership and join forces in creating a sustainable future.
As for Rasmus Bach Nielsen, Global Head Fuel Decarbonization at Trafigura and Vice Chair of the Sea Cargo Charter Association, he added that “the first reporting of the climate alignment scores is a significant milestone for the Sea Cargo Charter, as well as for individual Signatory companies.”
Building on the growing global momentum toward climate action and climate risk disclosure, the Sea Cargo Charter was launched in October 2020 with 17 Signatories. Today, the number of Signatory companies has grown to 33.