Mitsui O.S.K. Lines (MOL) has announced that it will support three initiatives to address the issue of global warming.
The MOL Group has established the “MOL Group Environmental Vision 2030”, which aims to contribute to global environmental conservation by developing emission-free businesses.
As part of its next-generation core activities, the MOL Group has expressed its commitment to addressing environmental issues, and will continue to participate in such initiatives in a proactive manner.
Simon Bennett overviews the IMO greenhouse gas strategy for a sustainable future in a recent Port Technology technical paper
One of the projects supported by MOL is the Task Force on Climate-Related Financial Disclosures (TCFD), which encourages companies to disclose information on climate change-related impacts and risks facing businesses.
According to a statement, 547 corporations have pledged to participate in the TCFD initiative.
MOL is also reinforcing the Japan Climate Initiative (JCI), a network of companies, municipalities, and NGOs taking a proactive stance in addressing climate changes.
— Port Technology (PTI) (@PortTechnology) October 22, 2018
As a member of the JCI, MOL will work closely with other participating companies and organizations to develop solutions to environmental issues.
The final project to receive MOL’s support is ‘COOL CHOICE’, Japan’s national movement to encourage low-carbon products, services, and lifestyles as a way of reducing the country’s greenhouse gas (GHGs) emissions.
MOL has stated that it is working to reduce GHG emissions by developing efficient ship technologies, including its “Senpaku ISHIN NEXT” project to improve vessel operational efficiency.