Singapore delegation discusses future direction of renewable energy-sharing

Crowley Maritime Corp. is the latest shipper committed to reaching net-zero emissions by 2050.  The Jacksonville, Florida-based company announced it submitted its emissions-reduction targets, which include scope 1 (direct), scope 2 (indirect) and scope 3 (all other) emissions, to the Science Based Targets initiative (SBTi) Tuesday.  “On emissions, admittedly this is a bold goal, and we need to ensure our goal and targets are credible. This is why we are submitting our interim targets to reduce emissions through the SBTi, which is the world’s expert on validating companies’ methodologies on emissions targets to include monitoring progress along the way to net-zero,” Alisa Praskovich, vice president of sustainability at Crowley, told FreightWaves.  In October, SBTi released a global standard for setting credible net-zero targets backed by climate science. Crowley is expecting its net-zero target to be approved by SBTi in the next few months.