Poseidon Principles align with 1.5 emission benchmark
Progress against milestone 5.2040.1:
Sustainability performance targets are developed and updated on a rolling basis in line with global climate ambitions.
The Poseidon Principles are tightening their environmental benchmark to include meeting the Paris Agreement temperature cap.
The new commitment means that signatories will benchmark their portfolios against two trajectories: one aligned with the IMO’s 50% reduction by 2050, and one aligned with net-zero by 2050 and a maximum temperature of 1.5C, to meet the temperature goals of the Paris Agreement.
Source: Poseidon Principles.
Green Shipping Challenge
Progress against milestone 6.2020.5:
Increased collaboration between the maritime and energy sectors to increase availability and demand for zero (or low) carbon fuels, accelerating the energy transition.
The United States of America and Norway have announced the Green Shipping Challenge.
The Green Shipping Challenge encourages countries, ports, companies, and other actors in shipping to come forward with concrete announcements to help put shipping on a pathway to align with the Paris agreement.
The challenge promotes actions throughout the maritime ecosystem.
Source: Green Shipping Challenges.
Singapore Maritime Institute supports decarbonisation project with new funding
Progress against milestone 6.2020.4:
Research, development and production of sustainable zero (or low) carbon fuels are scaled up, with guidance on their use and prototypes deployed for early adopters.
Singapore Maritime University (SMI) awarded an additional S$12 million funding to the local Nanyang Technological University (NTU) to support maritime decarbonisation projects.
The funding will be used to support the research of the Maritime Energy & Sustainable Development (MESD) Centre of Excellence until 30 September 2027. It will target 14 maritime decarbonisation R&D projects.
Source: MPA Singapore.
The 2030 Breakthrough: Shipping
Progress against milestone 6.2020.1:
Reduction in carbon intensity of international shipping to reduce GHG emissions by 60% by 2030 compared to 2008
Joint report by UMAS and UN Climate Change High Level Champions finds that shipping is making significant progress towards the 2030 goal of a fuel mix that includes 5% scalable, zero-emission fuels.
The report outlines key breakthroughs and progress so far.
Source: Race to Zero.
EU ramps up decarbonisation with FuelEU Maritime law
Progress against milestone 6.2020.1:
Reduction in carbon intensity of international shipping to reduce GHG emissions by 60% by 2030 compared to 2008.
European Parliament has voted to increase measures taken to reduce shipping emissions.
The European Parliament has voted to strengthen measures taken to reduce shipping emissions by increasing greenhouse gas intensity limits for maritime fuels during the plenary session in Strasbourg. The changes are part of the FuelEU Maritime Law.
Source: Euractiv.
Action Plan for the Zero-Emission Shipping Mission
Progress against milestone 6.2020.1:
The Zero-emission Shipping Mission’s action plan outlines actions needed to reach the Mission’s goals.
The Zero-Emission Shipping Action Plan aims to bridge innovation gaps faced by the sector. It analyses and demonstrates projects that will accelerate the adoption of zero-emission fuels for vessels.
Source: Mission Innovation.
New Ports Playbook for Zero-Emission Shipping
Progress against milestone 2.2020.4:
Sustainable and clean ports programs aimed at improving air and water quality are developed through an expanding global coalition of ports.
A new playbook by Pacific Environment and Opportunity Green’s outlines a 9 point framework for ports, guiding them towards a zero-emission future.
The playbook focuses on 3 tracks – commitments, policy, and progress.
Source: Pacific Environment.
SSI Impact: News from our journey to sustainable shipping - 03/2022
The SSI Newsletter is published quarterly and is the place to find news from the SSI community, our partners and the impact of our collective work along our journey to a sustainable shipping industry.
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Vancouver Fraser Port Authority joins SSI
London/Vancouver, 1 November 2022 – The Sustainable Shipping Initiative (SSI) today is glad to introduce the Vancouver Fraser Port Authority as its newest member, becoming the first port authority to join the initiative which now consists of seventeen members across the maritime ecosystem.
The Vancouver Fraser Port Authority is the federal agency responsible for stewardship of Canada’s largest port, the Port of Vancouver. Situated on Canada’s west coast, in British Columbia, the Port of Vancouver is the third largest port in North America by tonnage, enabling the trade of approximately $275 billion in goods with more than 170 world economies.
The Vancouver Fraser Port Authority has set a vision for the Port of Vancouver to be the world’s most sustainable port, and is working towards a goal of phasing out all port-related emissions by 2050, as part of the Northwest Ports Clean Air Strategy –– a first-of-its-kind strategy that unites several major Canadian and U.S. ports around a shared goal of eliminating port-related air emissions. Towards this goal, the port authority leads innovative environmental programs and initiatives designed to reduce climate change-related emissions, improve air quality, and protect local ecosystems.
“Welcoming the Vancouver Fraser Port Authority to the SSI community is a special cause for celebration as the first port to join the initiative, bringing with it a new perspective on the sustainability challenges and priorities for the maritime sector.” Andrew Stephens, SSI’s Executive Director, said. “We look forward to working with our colleagues at the port authority and leveraging their expertise on areas ranging from sustainable marine fuels to oceans and coastal communities, ensuring that these are high on shipping’s sustainability agenda.”
The Vancouver Fraser Port Authority adds representation for SSI in North America. Over the last several decades, the port authority has taken a leading role in supporting sustainable shipping practices through programs such as its EcoAction Program for ships, which was one of the first programs, globally, to offer financial incentives for shipping lines that follow sustainable practices, such as plugging into shore power or using low-carbon fuels; and its world-leading Enhancing Cetacean Habitat and Observation (ECHO) Program, which coordinates one of the world’s largest voluntary efforts to reduce the impacts of shipping on endangered whales. Earlier this year, the port authority committed to explore the feasibility of the world’s first cruise-led green corridor, between Washington, British Columbia, and Alaska, in partnership with the Port of Seattle, the Borough of Juneau, and leading cruise lines.
“We are very pleased to become the first port authority to join this important global collaboration for sustainable shipping,” said Robin Silvester, chief executive officer and president of the Vancouver Fraser Port Authority. “We look forward to working alongside like-minded organizations from across the global maritime industry to advance our shared vision for more sustainable shipping – both at the Port of Vancouver and around the world.”
The Sustainable Shipping Initiative (SSI) is a multi-stakeholder initiative that brings together leading organisations with shared goals and equal determination in improving the sustainability of the shipping industry in terms of social, environmental and economic impacts. Ranging from NGOs to shipowners, charterers, banks, and classification societies, SSI members work toward the milestones laid out in the Roadmap to a sustainable shipping industry.
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Notes to Editors
For more information, interviews or comment please contact Elizabeth Petit, Head of Communications & Partnerships, Sustainable Shipping Initiative (e.petit@sustainableshipping.org) and Alanna Smith, communications advisor, Vancouver Fraser Port Authority (alanna.smith@portvancouver.com)
About the Sustainable Shipping Initiative
The Sustainable Shipping Initiative (SSI) is a member-led group of leaders catalysing change across the maritime ecosystem. Since 2010, SSI has brought together shipowners, operators and managers; banks and financial stakeholder; cargo owners; classification societies; non-profits; ports; and service providers to advance environmental, social and economic goals for a sustainable shipping industry.
www.sustainableshipping.org | @SustShipping
About the Vancouver Fraser Port Authority
The Vancouver Fraser Port Authority is the federal agency responsible for the stewardship of the Port of Vancouver. Like all Canada Port Authorities, we are accountable to the federal minister of transport, and operate pursuant to the Canada Marine Act with a mandate to enable Canada’s trade through the Port of Vancouver, while protecting the environment and considering local communities. The port authority is structured as a non-share corporation, is financially self-sufficient and does not rely on tax dollars for operations. Our revenues come from port terminals and tenants who lease port lands, and from port users who pay various fees such as harbour dues. Profits are reinvested in port infrastructure. The port authority has control over the use of port land and water, which includes more than 16,000 hectares of water, over 1,500 hectares of land, and approximately 350 kilometres of shoreline. Located on the southwest coast of British Columbia in Canada, the Port of Vancouver extends from Roberts Bank and the Fraser River up to and including Burrard Inlet, bordering 16 municipalities and intersecting the traditional territories and treaty lands of several Coast Salish First Nations. The Port of Vancouver is Canada’s largest port, and the third largest in North America by tonnes of cargo. Enabling the trade of approximately $275 billion in goods with more than 170 world economies, port activities sustain 115,300 jobs, $7 billion in wages, and $11.9 billion in GDP across Canada.
www.portvancouver.com | @PortVancouver
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Progress report highlights areas for improvement twelve months after Delivering on seafarers' rights Code of Conduct launch
Last week saw the launch of the Delivering on seafarers’ rights progress report, the first since the publication of the Code of Conduct. The progress report is intended to signpost progress within the industry in respecting seafarers’ rights and welfare, and reflect on areas for further work and improvement.
The progress report outlines key issues and changes faced by seafarers since the launch of the Delivering on seafarers’ rights Code of Conduct in October 2021. Led by the Sustainable Shipping Initiative (SSI) and the Institute for Human Rights and Business (IHRB), the report brings together a range of stakeholders to reflect on the current situation for seafarers, look at trends in the data from the RightShip Crew Welfare Tool, and identify areas where further work is needed.
Contributors to the report include: Coles Group, Lloyd’s Register Foundation, International Transport Workers’ Federation (ITF), The Mission to Seafarers (MtS), MSC Mediterranean Shipping Company (MSC), Nautilus International, RightShip, and Swire Shipping.
Read and download the report here: https://www.sustainableshipping.org/resources/delivering-on-seafarers-rights-2022-progress-report/
The progress report was funded with support from Lloyd’s Register Foundation and the Swiss Federal Department of Foreign Affairs.