NYK and Yusen Logistics introduce digital platform for GHG emission management

Japanese shipping firm Nippon Yusen Kabushiki Kaisha (NYK) on Thursday (19 December) introduced a digital platform with Yusen Logistics Co., Ltd. (YL) for managing greenhouse gas (GHG) emission reductions. 

The platform is provided by 123Carbon B.V. (123Carbon), a Netherlands-based startup working on decarbonising the logistics sector. 

NYK and YL, a comprehensive logistics group, will use the platform to support the reduction of Scope 3 GHG emissions by allocating to platform customers the GHG-emission reductions achieved through the use of alternative fuels in their ocean, air, and land transport services and issuing certificates confirming those reductions.

Process for Managing and Allocating GHG-Emission Reductions

NYK

Generates and manages GHG-emission reductions through the use of biofuels in its bulk shipping business, recognises the environmental value of these reductions, then allocates them to YL and issues a certificate of confirmation. The first allocation will be completed on the platform after verification by a third-party certification organisation.

YL

Procures GHG-emission reductions generated by ocean shipping companies like NYK and its airline partners and provides accompanying certificates. Additionally, for land transport, YL will utilise sustainable fuels derived from waste cooking oil and other renewable materials to power its own trucks in some countries and areas, actively creating and managing GHG-emission reductions as a transport operator. A one-stop service on the platform will be officially launched by YL shortly.

Key Features of the Platform

• Customers can monitor GHG-emission reduction methods and the alternative fuels used to generate the reductions.
• The management and allocation of GHG-emission reductions are secured using blockchain technology to prevent data tampering.
• The entire process, from calculating GHG-emission reductions to allocating, is verified by a third-party certification organisation to ensure the platform’s reliability and transparency.

Photo credit: NYK
Published: 23 December, 2024