The world’s largest maritime shipping company has just announced that they are ditching fossil fuels in a bid for carbon neutrality – and they are challenging other companies to do the same. According to the United Nations, oversea shipping contributes to roughly 3% of the world’s total carbon emissions while handling 90% of the world’s trading. Though phasing out fossil fuels will prove to be difficult, Danish-based shipping company Maersk plans to lead the shift towards sustainability by investing in renewable fuel sources and cleaner shipping models.
EcoVadis's insight:
Many individuals, companies and countries around the world have made a commitment to being carbon neutral. That is taking action to reduce their greenhouse gas emissions to zero – and then ‘offsetting’ an equivalent amount of any remaining emissons. Driving carbon neutrality help in mitigating climate change,and also makes good business sense. It can help to reduce energy costs, boost efficiency, and attract talent to a company.
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