Launch of the Sea Cargo Charter’s Annual 2023 Disclosure Report
Launch of the Sea Cargo Charter’s Annual 2023 Disclosure Report
6/20/2023
The Sea Cargo Charter, which serves as a global framework for evaluating and disclosing climate alignment of chartering operations, unveiled its 2023 report showcasing the disclosure of emissions data from shipping companies.
The 33 signatories of the Sea Cargo Charter, including ADM, bring together charterers, operators, shipowners and industry experts from grain and agricultural products, chemicals, energy, metal and mining, with a common interest in advancing good environmental stewardship..
This second edition of the Sea Cargo Charter Annual Disclosure Report comes at a time of growing attention on the environmental impact of the maritime industry’s and its commitment to complete decarbonization by 2050, in line with the Greenhouse Gas Reduction Strategy and International Maritime Organization (IMO) targets.
As a signatory since 2020, ADM has significantly improved its overall Climate Alignment score compared to 2021, which will help achieve its Scope 3 GHG emissions reduction target and Strive 35 sustainability goals by 2035. It highlights the reduction efforts made in five categories: purchased goods and services, fuel and energy-related emissions, upstream transport and distribution, waste and processing of products/goods sold.
“The overall climate alignment score illustrates our continued progress towards our decarbonization objectives,” said Hans-Christian Jensen, Director, ADM Global Ocean Freight.
Going through the second cycle of the Sea Cargo Charter reporting has helped advance digitalization of ADM’s operations to enable better decision making processes and effectively lower carbon emissions.
“Through the harmonization of our emissions footprint, we can delve deeper into the data analysis, uncovering valuable insights. We see significant improvements in our own time charter operations, and we are committed to leveraging these advancements by further digitizing our operational processes. Looking towards the future, we plan to identify additional measures to reduce individual emissions and contributing to positive industry-wide transformation,” continued Jensen.