CIFFA Forwarder Spring 2025

18 THE FORWARDER | SPRING 2025 Carbon Offsetting Program: Reduce Carbon Emissions https://esg.yangming.com/en/esg/decarbonization/1/ Yang Ming Marine Transport Corp. offers a Carbon Neutral Shipping program that allows its customers to offset the emissions generated by their shipments. Yang Ming emphasizes its commitment to environmental stewardship and aims to achieve long-term sustainability in shipping. • Carbon offset projects: Yang Ming’s carbon neutral program supports projects that reduce or capture carbon emissions, including reforestation, renewable energy, and energy efficiency projects. • Green initiatives: In addition to their carbon offset offerings, Yang Ming has adopted technologies aimed at improving fuel efficiency and reducing greenhouse gas emissions from its fleet. • Sustainability goals: The company is actively working on reducing its overall emissions and transitioning to more environmentally friendly operations. ZIM Integrated Shipping Services https://www.zim.com/about-zim/sustainability Key Initiatives: • Carbon Neutrality by 2050: ZIM has committed to reaching carbon neutrality by 2050, with intermediate goals to reduce carbon intensity by 20% by 2030. • Green Ship Investments: ZIM has been focusing on incorporating energy-efficient vessels into its fleet, as well as retrofitting existing ships with energy-saving technologies such as air lubrication and fuel optimization systems. • Alternative Fuels: The company is investigating the use of LNG and other clean fuels, including hydrogen, as part of its broader decarbonization strategy. • Sustainability Partnerships: ZIM has entered into partnerships with environmental organizations to develop green logistics solutions and offer carbon offset programs for customers. Measurement Results: • 2022: ZIM reduced its CO 2 emissions by 8% per container transported. • Fleet Expansion: The company is progressively integrating LNG-powered vessels into its fleet, aiming to have a substantial number of green vessels by 2027. Carbon Offsetting Program: ZIM Integrated Shipping Services offers a Carbon Offset Program to support its sustainability objectives. The program allows ZIM customers to offset the emissions generated by their shipments by purchasing carbon credits tied to verified environmental projects. • Carbon offset options: ZIM collaborates with various certified environmental projects that focus on renewable energy, reforestation, and energy efficiency. These projects are independently verified by standards like VCS and Gold Standard. • Green shipping practices: In addition to carbon offsetting, ZIM is working to optimize its fleet and operations to minimize its carbon emissions, including exploring the use of alternative fuels and more fuel-efficient vessels. • Sustainability commitment: ZIM’s broader sustainability initiatives include reducing air pollution, optimizing logistics, and advancing the adoption of green technologies within the industry. Conclusion This comprehensive overview of the sustainability initiatives across major ocean carriers highlights a strong collective commitment to reducing the environmental impact of shipping. Each carrier has tailored its sustainability efforts based on its operational priorities, available technology, and customer demands. Their strategies typically focus on reducing carbon emissions through fleet modernization, alternative fuels, improved energy efficiency, and carbon offset programs. The efforts of these companies demonstrate progress in making the shipping industry more sustainable, although achieving the necessary global reductions in emissions will require continued collaboration and investment in innovative technologies. Disclaimer The information provided herein is intended solely for educational and informational purposes related to the sustainability initiatives of ocean carriers. While every effort has been made to ensure the accuracy and reliability of the data and references cited, the CIFFA Corp Sustainability Committee does not assume responsibility for any errors, omissions, or inaccuracies. This paper does not endorse any specific company, product, or practice and should not be considered as professional advice.