An effective corporate climate change strategy requires a detailed understanding of a company’s supply chain emissions. At RightShip we believe that if you can measure your emissions output, you can manage and reduce it. Our Carbon Accounting Tool enables you to do that, particularly if you’re operating under the Sea Cargo Charter.
Our expert team can calculate your output and provide practical steps to reduce your environmental impact. We have the largest, most comprehensive database of vessel efficiency insights. Once we’ve calculated your carbon output, our team will guide you through the steps required to meet corporate social responsibility targets.
Carbon Accounting
Historically, companies have focused on greenhouse gas (GHG) emissions from their own operations under scope 1 and scope 2 emissions. Increasingly, companies understand the need to account for GHG emissions along their supply chains (scope 3 emissions) to comprehensively manage GHG-related risks and opportunities.
Scope 3 emissions often represent the largest source of a company’s GHG emissions, and in some cases can account for up to 90% of the total carbon impact (Source: Carbon Trust – Making business sense of Scope 3). For example, 1500 shipments each year could equate to three million tonnes of C02. We work with many companies across the supply chain to reduce their overall emissions, allowing them to create an easy to follow path to hit their environmental, social and governance targets.
Scope 3 emissions often represent the largest source of a company’s GHG emissions, and in some cases can account for up to 90% of the total carbon impact (Source: Carbon Trust – Making business sense of Scope 3). For example, 1500 shipments each year could equate to three million tonnes of C02. We work with many companies across the supply chain to reduce their overall emissions, allowing them to create an easy to follow path to hit their environmental, social and governance targets.
FEATURES
Carbon Accounting
Supply chain enhancements
For many companies, the majority of their GHG emissions and cost reduction opportunities lie outside their own operations. Broaden your company’s view of the entire supply chain and reduce efficiency risks using our comprehensive insights and carbon accounting data sets.
Benchmarking
Provides the ability to benchmark and track emissions per journey and over time, which can aid the development of a baseline of emissions and an overall carbon-emissions target. Benchmarking and tracking progress against company emissions targets is the best way to future proof your operations.
Emissions reporting
Corporations are increasingly setting bold sustainability targets and reporting their progress to customers and shareholders. The Carbon Accounting tool includes dynamic reporting based on your emissions data, helping you to track progress towards internal or industry wide emissions goals, whilst supporting the disclosure of emissions in line with industry reporting standards such as CDP and the Sea Cargo Charter.
ADVANTAGES
Carbon Accounting Advantages
Greater value
Carbon accounting provides tools and resources to help businesses work towards the possibility of carbon neutral shipping. This is not only good for our environment; it helps to reduce the costs and risks associated with moving cargo through improved efficiency.
Reduced carbon footprint
Measuring your supply chain impact ensures you are well positioned to reduce your carbon footprint. Using the GHG Rating during vetting process identifies efficient vessels for your supply chain, and the Carbon Accounting tool ensures you are rewarded for your carbon reduction measures.
Industry leadership
The market is increasingly demanding reduced supply chain emissions. Proactively measuring shipping emissions demonstrates industry leadership. Those at the forefront of emissions reductions will position themselves ahead of the competition.
WHAT OUR CUSTOMERS SAY ABOUT US
We’ve used RightShip to ensure the vessels we use are safe and environmentally sound, so it was a logical step to ask the team to help us measure our scope 3 emissions. Working with them is very straightforward and we are confident in the accuracy and reliability of the results. There are very few scope 3 data sources and, as far as we are aware, there is no other agency able to deliver this level of accuracy for ocean transport.
RightShip, the ship approval system used to verify vessel efficiency, has confirmed the fuel savings Odfjell has achieved using MAN Diesel & Turbo’s Kappel Propeller upgrade package. After the upgrade, the vessels are amongst the most energy efficient chemical tankers in the world, and achieve the highest score on the RightShip’s energy rating, A+.
Until 2016, our scope 3 emissions were estimated but that’s no longer good enough. We need to understand our emissions so we can benchmark them against other shippers and control them effectively. RightShip allows us to do that.
We’re proud to be accelerating the shipping industry’s movement toward greater efficiency and sustainability using RightShip’s GHG Emissions Rating. Since launching our Green Wave vessel incentive program in 2014, RightShip has been an exemplary qualifying measurement that has allowed vessel charterers and owners to take advantage of significant discounts to harbour dues at the Port of Prince Rupert. The support we have received through our partnership with RightShip has been integral to the success of our program. Our recognition of environmental performance is encouraging the adoption of similar practices across the global shipping industry.
By using more-efficient ships, we are gaining cost efficiencies and furthering our efforts to reduce Mosaic’s carbon footprint. Given the success of GHG Emissions Rating vetting, we are reviewing options to also exclude F-rated vessels. Emissions from shipping currently represent less than 5 percent of Mosaic’s carbon footprint.
