Lifting the standard of Responsibility

Net zero by 2040

In this connected world, we step up to our own responsibility to improve and safeguard the planet that sustains us, and to secure a sustainable future for us all. That is why we made an industry-leading commitment to be fully net zero by 2040, and to reduce our scope 1 and 2 emissions by 65% by 2030 compared to 2022. Scope 1 emissions are those that we generate carrying out our business activities, whereas scope 2 are indirect emissions from purchased energy.

We will achieve our target whilst developing competitive and reliable solutions with high business and low environmental impact, which anticipate our customers’ challenges of today and meet their needs of tomorrow. We’ve stepped up to draw attention to the need for the entire industry to do the same, because when we made the decision to go ‘all in’ toward net zero we did so in the best interests of our people, our customers, our planet, and our business.  

We engage with the decision-makers, local authorities, port authorities and governments, – to push decarbonisation to the top of everyone’s agenda because – no matter the current decarbonisation status or maturity of other terminals, ports or countries, we are all in this together.

How will we achieve this?

We will achieve our target whilst continuing to develop competitive and reliable solutions with high business and low environmental impact, anticipating our customers’ challenges of today, meeting their needs of tomorrow whilst fostering a sustainable future for all.

With annual emissions of ~0.5m tCO2, spread across ~4,000 assets, there is no single solution that will help achieve our ambition. That’s why we are planning to reduce our emissions on a global level and, with a mosaic of solutions, specifically focus on avoiding and reducing our fragmented local footprints. We do this by combining our global clout and expertise with local data & insights, that will help us to work together with governments, port authorities and customers.

To decarbonise our operations we need to reduce energy usage, replace fossil-fuel driven equipment with battery electric and decarbonise our grid through the use of renewable energy. In certain locations and circumstances we are using low Greenhouse Gas (GHG) fuels as a bridge technology.

We have created an internal roadmap towards our 2040 net zero commitment, working together with our terminals to ensure bottom up validation as well as activating our strategy and empowering our local colleagues. We are the first company in our industry to have our climate targets officially validated by the Science Based Targets Initiative (SBTi), a globally recognised authority on climate responsibility.