G2 Ocean targets net-zero emissions by 2050
Bergen-headquartered breakbulk shipping major, G2 Ocean has set itself an ambitious target to become a net-zero emissions company by 2050. In an additional step towards the goal, the company plans to bring in zero-emission capable vessels by 2030.
“At G2 Ocean, we recognise that climate change is one of the greatest and most important challenges of our time, and we are committed to continue doing our part to reduce our environmental footprint,” says Arthur English, chief executive officer at G2 Ocean.
This has been dubbed an important step in decarbonising the company’s fleet and is in line with the short, medium-term and long-term targets. “This is in line with G2 Ocean’s strategy to create high value for its customers,” English explains.
G2 Ocean eyes IMO compliance beyond 2030
In addition to being IMO compliant, which requires G2 Ocean to reduce greenhouse gas emissions per transported unit by a minimum of 40 percent by 2030 from 2008 levels, the company also commits to becoming a net-zero emissions company by 2050 and offering customers net-zero transport options within 2022.
G2 Ocean also aims to bring in zero-emissions capable vessels by 2030, continue working with customers and partners on testing new green technology and working with ports and customers to build sustainable infrastructure and procedures.
“These ambitions demonstrate our commitment to creating sustainable value for our customers while strengthening our future competitiveness and supporting environmental change in the shipping industry,” says English.
Taking action on climate change G2 Ocean has already undertaken a number of initiatives on its journey towards net-zero. In December 2021, the company completed its very first trial using biofuel to power its 46,500-deadweight tonnage general cargo vessel, Star Istind, on her voyage from Europe to North America.
G2 Ocean is also exploring other alternatives to fossil fuels for its vessels – together with 11 industry partners, the company is investigating the possibilities of using green ammonia to power open hatch vessels on transatlantic voyages.
To further strengthen its sustainability efforts, G2 Ocean has established an ESG and De-carbonisation manager role within the company which will play an important part in accelerating its sustainability initiatives.