The Sea Cargo Charter (SCC) has welcomed South32, an Australian mining and metals company, as its newest signatory.
Rasmus Bach Nielsen, the chair of the Sea Cargo Charter and global head of fuel decarbonisation at Trafigura, remarked that with South32’s inclusion, the charter now represents over 20 percent of bulk goods transported by sea annually, which he described as a significant milestone in their growth and influence. He noted that this development underscores their collective commitment to promoting sustainable shipping practices across the industry.
South32 aims to achieve net-zero greenhouse gas emissions by 2050 and plans to halve its operational GHG emissions by 2035 compared to its FY21 baseline.
What is the Sea Cargo Charter?
The Sea Cargo Charter provides a framework for assessing and disclosing the climate alignment of charterers and shipowners as a means of promoting international shipping’s decarbonisation. It establishes a common, global baseline to quantitatively assess and disclose whether chartering activities are in line with internationally adopted climate goals. Since 2020, the Charter has gained the commitment of more than 37 signatories.
The Sea Cargo Charter (SCC) recently expanded its scope by allowing charterers and shipowners to monitor and report their emissions under a common framework.
Matthew Gillespie, South32’s vice president, noted that joining the SCC is a crucial step in their decarbonisation journey, allowing the company to track progress against global decarbonisation goals.
