Emirates Global Aluminium (EGA) has become the first aluminium producer, and the first Middle East company, to join the Sea Cargo Charter. The Charter sets a global framework to assess and disclose the climate impact of ship chartering activities, to reduce the annual greenhouse gas emission of global shipping to net zero by around 2050, in line with the goals of the International Maritime Organisation (IMO).
EGA ships some 22 million tonnes of aluminium, bauxite and raw materials around the world each year and global shipping accounts for a “meaningful” proportion of its total greenhouse gas emissions. Abdulnasser Bin Kalban, EGA’s Chief Executive Officer, says, “We are committed to reaching net zero by 2050, and joining the Sea Cargo Charter will enable us to further improve our performance and achieve our goal to reach net zero from supply chain activities.”
In line with this objective, last year EGA signed an agreement with one of its shipping partners, K Line to develop and implement new marine decarbonisation technologies suitable for EGA’s bulk cargo shipping routes in the eastern Atlantic Ocean, Mediterranean Sea and Indian Ocean.
The Sea Cargo Charter sets a benchmark for what it means to be a responsible charterer in the maritime sector and provides guidance on how to achieve this. As a result, the Sea Cargo Charter enables bulk ship charterers, and soon also ship owners, to align their activities with responsible environmental behaviour and thereby incentivise international shipping’s drive towards decarbonisation.