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The Sustainable Shipping Initiative

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Fantastic initiative from the shipping industry, coordinated by Forum for the Future.

The sustainable shipping initiative aims at a profitable and sustainable shipping industry by 2040 and has just published the 4 work streams they will be focusing on:

Closed Loop Materials Management
Financing sustainable shipping
Energy technology
Credible Benchmarking: How to use and improve Sustainability Rating Schemes in Shipping

When an industry is serious, they address the elephants in the room such as the below:

  • Seeking alternatives to spray insulation, which makes recycling impossible
  • Conservatism in the industry
  • Uncertainty over technologies
  • Split incentives

Well done to Forum for the Future and the shipping industry.

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