Tata Steel joins Sea Cargo Charter to reduce ‘Scope 3’ GHG emissions in maritime trade

Global steel company Tata Steel Limited on Monday (27 September)) said it is the first steel producing signatory to join the Sea Cargo Charter (SCC).

Launched in October 2020, the company is the 24th organisation to join the association working to reduce environmental impacts of global seaborne cargo.

“As a leader in the steel industry which continuously sets benchmark in sustainable operations, it is imperative that we look at Scope 3 emissions with similar alacrity. With our seaborne global volume in excess of 40 million tonnes per annum, this is a decisive step in the direction to measure correctly and mitigate efficiently & innovatively,” says Peeyush Gupta, Vice President, Supply Chain, Tata Steel.

“Tata Steel is pleased to be a signatory of Sea Cargo Charter. As a leading global player in steel and having an impeccable reputation for Corporate Governance, it is befitting that we join hands with world’s leading organisations across the industry sectors in making efforts towards sustainable shipping,” says Ranjan Sinha, Chief Group Shipping and Director Raw Material Procurement, Tata Steel.

The Sea Cargo Charter is a global framework for assessing and disclosing the climate alignment of chartering activities. 

It establishes a common, global baseline to quantitatively assess and disclose whether chartering activities are in line with climate goals set by UN maritime agency, the International Maritime Organization (IMO). 

The IMO’s Initial GHG Strategy prescribes to reduce the total annual GHG emissions generated by shipping activity by at least 50% of 2008 levels by 2050, whilst pursuing efforts towards phasing them out as soon as possible in this century.

Photo credit: Tata Steel Limited
Published: 29 September, 2021