In collaboration with its Members, partners and service providers, TT has produced a toolkit to assist those it insures meet the complex demands developing ESG policies present.
Science-based targets initiative (SBTi) are specific, measurable goals that organizations set to reduce their greenhouse gas emissions in alignment with the latest climate science and the global effort to limit global warming. These targets are designed to ensure that emission reduction efforts are consistent with the goals of the Paris Agreement.
Port of Auckland brought the world’s first fully electric harbour tug “Sparky” into operation in 2022, following a lengthily research process that commenced back in 2016. At the outset of the process, all ship yards and naval architects approached were of the opinion that a fully electric tug was still many years away from becoming a reality.
With the ever-increasing focus on care for the marine environment greater attention must be afforded to the particular risks associated with the transport of microplastic pellets.
Cargo securing is not only relevant to ESG because the international maritime industry incurs losses of about $6 billion each year because of incorrectly packed or documented cargo (TT Club 2021) but also because of the consequences of additional CO2 emissions generated for the reworks of damage products and subsequent additional shipments.
TT Club has been accepted as a PSI signatory, joining PSI and embracing its guidance on issues of ESG within decision making with members and business partners.
