Tata Steel is the first steel manufacturer to join the Sea Cargo Charter (SCC), which seeks to reduce the environmental impacts of global seaborne cargo.
Tata Steel is the first steel manufacturer to join the Sea Cargo Charter (SCC), which seeks to reduce the environmental impacts of global seaborne cargo.
The SCC was launched in October 2020 with a view to establishing a common, global baseline to quantitatively assess and disclose whether ship chartering activities are in line with climate goals set by the International Maritime Organization (IMO).
The IMO’s Initial GHG Strategy sets out its ambitions to reduce total annual Greenhouse Gas (GHG) emissions generated by shipping activity by at least 50% of 2008 levels by 2050, while pursuing efforts towards phasing them out as soon as possible in this century.
Tata Steel is the 24th organisation to join the association.
As part of Tata’s efforts to align with the Charter’s ambitions, the company announced a partnership with Optimum Voyage, a Danish technology enterprise, in September to use big-data to help lower emissions from ships delivering raw material to its European operations.
“As a leader in the steel industry, which continuously sets benchmarks in sustainable operations, it is imperative that we look at reducing emissions with similar determination."
Peeyush Gupta, vice president of supply chain for Tata Steel.
Ranjan Sinha, chief of group shipping and director of raw material procurement at Tata Steel, said the company was ‘truly proud’ to be a signatory of the Charter, commenting: “It represents another critical phase in our efforts to tackle climate change around the world. Having established a strong reputation for corporate governance, it is befitting that we collaborate with the world’s leading organisations across industry to establish global standards for sustainable shipping. We are committed to aligning our chartering activities with responsible environmental behaviour.”