Page 9 - INTERCARGO's ESG Review 2024

INTERCARGO ESG REVIEW 2024
COMMITMENT TO THE UN SDGs (continued)

“Promote sustained, inclusive and
sustainable economic growth, full and
productive employment and decent work
The shipping industry is vital for the prosperity of people for all.”
all over the world as it transports approximately 90% of
global trade, yet is responsible for less than 3% of the “Build resilient infrastructure, promote
anthropogenic GHG emissions. inclusive and sustainable industrialization
and foster innovation.”
Bulk carrier vessels represent one of the most economical
and thereby environmentally-friendly modes of transport
on Earth. Based on the Fourth IMO GHG Study 2020, the “Take urgent action to combat climate
most significant carbon intensity reduction was achieved change and its impacts.”
by bulk carriers, where the overall EEOI and AER (both
operational GHG emission metrics) in 2018 were around
38% and 31% lower compared to 2008. “Conserve and sustainably use the oceans,
seas and marine resources for sustainable
development.”

INTERCARGO contributes towards meeting the IMO’s objectives by being fully committed to the IMO strategy
and ambition in reducing GHG emissions by ships and the protection of the marine environment. INTERCARGO
offered to co-sponsor for a five-billion-dollar R&D program to kick start the vital research and development
needed to help shipping meet the UN Decarbonization goals.

For an overview of INTERCARGO’s work in relation to the UN Sustainable Development Goals (UN SDGs), you may watch
the Association's videos on “Dry Bulk Shipping: Sustainably serving the world’s essential needs”: https://www.intercargo.
org/video-2021/ and https://www.intercargo.org/video-2020/

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