The Sea Cargo Charter is consistent with the targets of the UN’s International Maritime Organization, including GHG emissions reduction by at least 50% by 2050.
The agreement was first signed by a group of the world’s leading energy, agriculture, mining, and commodity trading majors in October 2020.
At present, companies across the maritime universe employ a range of different methods to measure greenhouse gas emissions. This has long necessitated a standardization with clearly defined parameters, the company explained.