CIFFA Forwarder Spring 2025

13 THE FORWARDER | SPRING 2025 COSCO Shipping Lines http://www.coscoshipping.com/english/sustainability Key Initiatives: • Emission Reduction Strategy: COSCO aims to achieve a 10% reduction in carbon intensity by 2025 (compared to 2020 levels) and 40% by 2030. • Alternative Energy Research: COSCO is investing in the use of LNG, hydrogen, and biofuels, and exploring zero-emission technologies like wind and solar energy to power vessels. • Green Shipbuilding: The company is also focused on designing eco-friendly vessels with lower fuel consumption and carbon footprints. • Digitalization: The integration of advanced digital systems for route optimization, fleet management, and fuel consumption tracking. Measurement Results: • 2021-2022: COSCO reduced carbon emissions by 8.5% per container transported. • Fleet Transition: By 2023, COSCO operated over 20 LNG- powered ships and committed to further expansion by 2030 Carbon Offsetting Program: https://en.energy.coscoshipping.com/col21106/art/2021/ art_21106_207936.html COSCO SHIPPING Lines offers the EcoShipping service, which allows customers to offset the CO 2 emissions associated with their shipments. • Carbon reduction strategy: COSCO’s EcoShipping service focuses on offsetting emissions by funding projects that reduce or capture CO 2 . These can include renewable energy projects, reforestation, and methane capture. • Commitment to sustainability: COSCO is actively working on introducing low-carbon technologies into its fleet, as well as looking into cleaner fuels and energy-efficient shipping practices. Evergreen Marine https://www.evergreen-marine.com/sustainability Key Initiatives: • Green Vessel Fleet: Evergreen has been transitioning to a fleet with higher efficiency, implementing energy-saving technologies like air lubrication and hybrid propulsion systems. • Sustainable Fuels: Evergreen is working on adopting alternative fuels such as LNG, hydrogen, and ammonia in their vessels. • Carbon Neutrality by 2050: The company is committed to achieving carbon neutrality by 2050, with an interim goal to reduce CO 2 emissions by 30% by 2030. • Circular Economy Practices: Evergreen promotes circular economy principles in vessel recycling and waste management. Measurement Results: • 2022: Evergreen reduced its CO 2 emissions per container by 5% compared to the previous year. • Fleet Transition: By the end of 2024, Evergreen plans to have 40% of its new vessels using alternative fuel solutions. Carbon Offsetting Program: https://greencarrier.com/sustainability/maritime-biofuel-insets/ Evergreen Marine offers Carbon Offset Services as part of its broader sustainability initiatives. The service allows customers to offset the carbon footprint of their ocean freight shipments by supporting carbon reduction projects globally. • Types of projects: Evergreen supports a variety of carbon offset projects, including forest conservation, reforestation, and renewable energy. • Verification: The company only uses projects certified by globally recognized standards such as VCS and Gold Standard. • Additional efforts: Evergreen is also exploring ways to reduce their own fleet emissions through cleaner technologies and alternative fuels.