Lloyd’s Register signs up to Getting to Zero Coalition.
Organisation part of industry alliance leading collaboration for international shipping’s decarbonisation.
23 September 2019, New York – Lloyd’s Register is among senior leaders within the maritime, energy, infrastructure and finance sectors that have signed up to the Getting to Zero Coalition, a partnership between the Global Maritime Forum, the Friends of Ocean Action, and the World Economic Forum.
The Coalition, which is supported by more than 70 public and private organisations, has been launched before heads of state and government at today’s UN Climate Action Summit in New York.
The ambition of the Getting to Zero Coalition is closely aligned with the UN International Maritime Organization’s Initial GHG Strategy, which prescribes that international shipping must reduce its total annual greenhouse gas emissions by at least 50% of 2008 levels by 2050, whilst pursuing efforts towards phasing them out as soon as possible in this century. This will ultimately align greenhouse gas emissions from international shipping with the Paris Agreement.
The Coalition, whose maritime members include Maersk, Shell, Cargill, Trafigura and MISC among others, is committed to making this ambitious target a reality by getting commercially viable deep-sea zero emission vessels powered by zero emission fuels into operation by 2030.
Alastair Marsh, CEO, Lloyd’s Register, said: “The International Maritime Organization’s 2050 GHG ambitions require substantial and collaborative input from all maritime stakeholders and beyond. Getting to zero is about more than the delivery of zero-emissions vessels into the world fleet by 2030. As an industry we need to ensure that the infrastructure and supply chain is in place to support this change. Lloyd’s Register is proud to be part of the coalition to collaborate on opportunities and support the sector’s future achievements.”
Lloyd’s Register has also today endorsed the Sustainable Ocean Principles of the United Nations Global Compact, a framework for responsible business practices in the Ocean across sectors and geographies. It joins business leaders from around the world in setting clear and shared expectations industry-wide for a healthy and productive ocean.