Torvald Klaveness delivers on first year of Sea Cargo Charter reporting
Oslo, 15 June 2022: Torvald Klaveness, founding signatory of the Sea Cargo Charter initiative, today joins some of the world’s leading industrial companies and shipowners in delivering on our commitment to measure and publicly disclose emissions data from our shipping activities in 2021. The results demonstrate that we still have work cut out for us, both as a company in reducing emissions, and as an industry, in improving how we measure climate alignment.
The Sea Cargo Charter Annual Disclosure Report 2022 reveals the climate alignment scores of 25 industry players and provides insight into the maritime industry’s current state of progress towards IMO’s goal of reducing shipping emissions by at least 50% by 2050.
The annual activity climate alignment score for Klaveness Chartering comes in at 15.8% above the trajectory for bulk carriers. Klaveness Chartering operates in the dry bulk market with long- or short-term time-chartered tonnage. While a stronger alignment with the trajectory would have been preferable, the result is not surprising and reflects the challenge of decarbonizing shipping. Torvald Klaveness congratulates all the signatories to SCC in leading the way in disclosing the climate alignment of shipping and remains committed to evolve the disclosure initiative.
Michael Jørgensen, SVP and Head of Klaveness Dry Bulk, comments: With this first reporting round, Klaveness Chartering, SCC, and the shipping industry have embarked on a vital journey of improvement with decarbonization. We will now set specific targets for each of our trading areas to improve alignment. We will also contribute to further refining the calculation methods for the Alignment Score to ensure that these are commonly in line with industry perception of trades and derived in a logical fashion resulting in commercial traders and operational executives alike finding clear goals and actions that can improve emissions already in the coming period.
In recognition of the fact that shipping emissions can only be reduced in close collaboration between the many stakeholders in the maritime value chain, Torvald Klaveness continues its tradition of close collaboration with customers as the company pursues the ambition to make seaborne supply chains resilient, decarbonized, and cost-effective.
Morten Skedsmo, SVP and Head of ZeroLab, comments: We are working with several industrial cargo owners to enable better insight into their CO2-emissions and over time help them integrate climate considerations into chartering decisions. We share the SCC’s belief that there is a positive feedback loop between transparency and action.
Learn more about the Sea Cargo Charter Annual Disclosure Report 2022 here.
For information about the SCC disclosure for Klaveness Combination Carriers, please consult the KCC webpage here.
About Klaveness
Torvald Klaveness is a pioneering shipping company with the vision to improve the nature of shipping and the ambition to make seaborne supply chains resilient, decarbonized, and cost- effective. The group today consists of five business units; through Klaveness Combination Carriers, the company takes an active part in the transition to low-carbon shipping with the unique concept of combination carriers. Our Dry Bulk unit is a leading operator and service provider to the global dry bulk industry and manages the world’s largest Panamax Pool. Klaveness Ship Management manages the owned vessels from an environmental, technical, and commercial standpoint. Klaveness Digital has developed the world’s leading platform for managing seaborne supply chains. Our newest venture, ZeroLab by Klaveness, is developing several initiatives to make low-and zero-emission options available to our customers.
With over 75 years’ experience, Klaveness operates close to 100 vessels through offices in Oslo, Singapore, Manila, and Dubai with around 190 employees onshore and close to 850 seafarers.
About the Sea Cargo Charter
The Sea Cargo Charter is a framework for measuring and reporting the alignment of ship charterers’ activities with climate goals. Recognizing charterers’ role in promoting responsible environmental stewardship throughout the maritime value chain, the Sea Cargo Charter provides them with the tools to foster collaboration with shipping business partners, gain insight to enhance strategic decision-making, and address the impacts of climate change.
The Sea Cargo Charter is built on four principles – Assessment of climate alignment, Accountability, Enforcement, and Transparency – which it shares with the Poseidon Principles for Financial Institutions and the Poseidon Principles for Marine Insurance. Established under the auspices of the Global Maritime Forum, the three initiatives aim to increase the transparency of environmental impacts within global seaborne trade, promote industry-wide change, and support a better future for the industry and society.