K Line’s Environmental 2050 Vision on Track

 14 Feb 2017     Carriers, Environment , Politics, Shipping

K Line has announced that its CO2 reduction targets are scientifically consistent with levels set by the Paris Agreement.

The carrier has now set a new interim target, certified with SBT, to reduce CO2 emissions by 25% for 2030.

SBT checks whether the compaines’ medium-term reduction targets of five to 15 years for greenhouse gases are consistent with the level of necessary decarbonisation for achieving the long-term 2℃ goal. This is done based on its own science-based CO2 emission standard.

In March 2015, K Line introduced its K Line Environmental Vision 2050 'Securing Blue Seas for Tomorrow’, which set an environmental target to reduce CO2 emissions from its operating ships by half before 2050 as a counter-measure against global warming.

 

Image: K Line has set CO2 (CO2 emissions for transporting one ton of cargo one nautical mile (1,852 meters)) reduction targets against 2011 levels

 

So far, K Line has set the interim target to reduce CO2 emissions by 10% for 2019 and successfully accomplished it ahead of schedule.

As of February 13, 2017, 211 of the major companies around the world have declared to set SBT, with 35 companies’ targets already certified.

The Paris Agreement framework is combatting global climate change after coming into force in November 2016, with the SBT aiming to reduce greenhouse gas reduction as a joint initiative between the Carbon Disclosure Project - an international non-profit organisation (NPO) that documents companies’ environmental schemes, United Nations Global Compact, World Resources Institute, and the World Wide Fund for Nature.

K Line stated: “As a world–leading marine transport operator, K Line continues to aim at providing more environmentally-friendly and efficient transportation services for more people all over the world and is making every effort to improve its corporate value.”

PTI recently reported that K Line had suffered multi-million dollar losses in the first nine months of the fiscal year beginning April 1, 2016.