The Sustainable Shipping Initiative (SSI) has announced that its members have agreed to a set of shared commitments for sustainable practices.
Each member has signed up to a number of commitments, including producing public reports on its company's sustainability practices, setting out a clear sustainable strategy that links to core business, outlining reduction targets for environmental issues which are the most important to the company’s activities, and delivering a positive impact on people and society.
The shared commitments have been put into effect by SSI to build clarity and momentum, with the goal of making the shipping industry truly sustainable by 2040.
Alastair Fischbacher, director, The Sustainable Shipping Initiative said: “The SSI’s members recognised that having consensus and consistency around some of the core elements of sustainable business practices is essential. Due to the scope of the shipping supply chain and the players in it, these commitments have to be relevant to everyone, simple to understand and easily evaluated. At the same time, they need to be meaningful enough to set a benchmark for industry leadership. Putting a stake in the ground to fulfil these four areas in each member’s organisation will provide a foundation for demonstrating tangible progress over time, whilst we continue work as a group on addressing the challenges to a more sustainable industry in line with our vision.”
The agreed upon shared commitments will also be used as a guideline for new members’ requirements.
Stephanie Draper, co-founder and Chair of the SSI added: “These commitments signal areas for taking immediate action. Tackling fundamental issues such as defining what areas of sustainability are material to an organisation, and how these should be addressed to meet business goals, are critical to any major company’s long-term survival. Naturally some of our members will be further along in these journeys than others, but by making solid, incremental steps to instigate change and share our results, we hope to inspire other companies within the wider industry to follow suit and realise the commercial benefits for themselves.”
SSI s a coalition of shipping leaders from around the world that is taking steps to solve some of the maritime industry greatest environmental challenges. Current SSI members include ABN, Cargill, DNV GL, Maersk Line, Lloyd’s Register and Carnival Corporation.