26.9 C
Monday, July 26, 2021
Home News MOL towards a greener future

MOL towards a greener future

Mitsui OSK Lines has announced the establishment of "MOL Group Environmental Vision 2.1" as a guide to achieve net zero greenhouse gas emissions by 2050.

MOL strives to reduce GHG emissions generated by its business activities and by society and is working closely with several companies in different industries in order to clean energy supply chains.

The new vision is an upgrade to "MOL Group Environmental Vision 2.0" announced in June 2020.

The company said it analyses scenarios, adopting the framework of the Task Force on Climate-related Financial Disclosures (TCFD) and it addresses environmental issues by setting higher targets, in response to accelerating advances in global trends and technological innovation.

MOL has published the following environmental targets:

  • Deploy net zero emissions ocean-going vessels in the 2020s
  • Reduce GHG emissions intensity by approximately 45% by 2035, compared with 2019 levels
  • Achieve net zero GHG emissions by 2050

Latest Posts

Acceleration in port capacity investment insufficient to support cargo demand growth

Surging container shipping cargo demand in the wake of the pandemic has resulted in a significant improvement in the global terminal capacity outlook, but...

DCT Gdańsk to boost container capacity by 1.5 million TEU

The tender committee of the Port of Gdańsk Authority has announced that the lease for a new port area has been awarded to DCT...

Hapag-Lloyd increases prices to Australia

Hapag Lloyd has announced new rates for Australian destinations that will take effect in the next months. Firstly, the German carrier will implement a peak...

IPCSA joins Private Sector Consultative Group of WCO

The International Port Community Systems Association (IPCSA), which specialises in global trade facilitation, is the new member of World Customs Organization’s influential Private Sector...

Chittagong port yards face severe box congestions in lockdown

The ongoing lockdown in Bangladesh has started taking a toll on the shipping sector, especially on port yards, creating severe congestion as importers are...