SSI Newsletter | Issue 02/2019
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SSI Impact: News from our journey to 2040
Decarbonisation: Come on shipping, the time to act on zero emissions is NOW!
As this newsletter is being prepared, countries are gathered at the International Maritime Organisation in London for the 74th session of the Marine Environment Protection Committee (MEPC). It’s been just over a year since the adoption of IMO’s strategy on the reduction of GHG emissions from ships - yet there is still no clear agreement among governments on what should be done to meet IMO targets to cut emissions by 40% compared to 2008 levels by 2030.
In the meantime, SSI members and the broader sustainable shipping community has been plugging away on making shipping more sustainable. Read more for highlights on what the SSI has been up to during Q2 2019…
SSI Roadmap
Oceans | Communities | Careers | Transparency | Finance | Energy

Other SSI news
SSI Members Meetings | Contact Us
Proactively contributing to the responsible governance of the oceans
Lisbon was the venue for the International Ministerial Conference on Ocean Smart Governance held on 16-17 May, part of the preparations for the second UN Ocean Conference to be held next year. In his opening ceremony speech, EU Commissioner for Environment, Maritime Affairs and Fisheries Karmenu Vella calls for successful global ocean governance, requiring: 1. more decisive action; 2. stronger maritime research; and 3. continued awareness-raising efforts to keep up the pressure.
Earning the reputation of being a trusted and responsible partner in the communities where we live, work and operate
IHRB, Rafto Foundation Norway, Danish Institute for Human Rights, Anglo American and Maersk co-hosted the roundtable Human Rights in the Shipping Industry: from Shipyard to Scrapyard to discuss the human rights lifecycle of the shipping sector (London, 2 May). SSI spoke on the human impact in the context of ship recycling, alongside human rights experts from the Danish and Polish institutes of human rights as well as Human Rights at Sea. Ikea and Anglo American highlighted how cargo owners are increasingly under pressure and engaging more proactively in monitoring human rights among their supplier partners.
Provide healthy, safe and secure work environments so that people want to work in shipping, where they can enjoy rewarding careers and achieve their full potential
Are all-women crews the answer to maritime’s gender gap? IMO’s World Maritime University held the third international women’s conference Empowering Women in the Maritime Community in Malmo (Sweden) on 4-5 April – in line with the theme of World Maritime Day 2019. Women in shipping, ports, ocean governance as well as senior maritime leadership were among the topics discussed at the meeting.
Transparency and accountability drive performance improvements and enable better, sustainable decision making
SSI launched the first Ship Recycling Transparency Initiative (SRTI) report at Tradewinds Ship Recycling Forum held on 5-6 March in Hong Kong. The launch coincided with the eighth shipowner, Teekay joining the SRTI, with oilseed/grain producer and cargo owner Bunge joining since. 

On the eve of the treaty’s 10th anniversary (13 May 2019), Malta became the 12th country to accede to the Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships (HKC), representing more than a combined total of 28.8% of world merchant shipping tonnage (entry into force requires 15 states, 40% of the world’s merchant fleet and ship recycling volume constituting 3+% of the gross tonnage of their merchant fleet). On 10 May an international seminar on ship recycling Towards the early entry into force of the HKC was held organised by Japan at the IMO, with IMO Secretary-General urging all member states to ratify the Convention so it enters into force.

SSI is a finalist for the BusinessGreen Leaders Awards Transport Project of the Year for the Ship Recycling Transparency Initiative (SRTI). The Award Winner will be announced on 26 June.
Develop financial solutions that reward sustainable performance and enable large scale uptake of innovation, technology, design and operational efficiencies
Sustainable shipping requires innovative financial levers to trigger change. The Climate Bonds Initiative is currently developing criteria that low carbon shipping-related investments must meet if they are to be certified as climate-aligned under the Climate Bonds Standard. Expected to be launched later this year, the shipping sector criteria will provide clarity on how investing in certified green bonds contributes to a low carbon resilient shipping sector. Read more about the development of the CBI eligibility criteria.
Change to a diverse range of energy sources, using resources more efficiently and responsibly, and dramatically reducing greenhouse gas intensity
Phase 2 of the SSI Decarbonisation Working Group began earlier this year, with momentum building throughout 2019 with a series of events to debate the sustainability and availability of biofuels for shipping, culminating in a high-level event at Climate Week NYC. Contact SSI to express interest in participating in the debate – either in person at the sustainability seminar to be held at WWF (Brussels, 26 June) or at the availability seminar at IMO (London, 11 July).
Having completed sectoral decarbonisation approach tools for seven sectors, the Science-Based Target initiative (SBTi) is currently in the conceptualization and fundraising phase for a sectoral project for shipping, aviation and logistics with completion anticipated in Q1 2020. SSI Member WWF is leading the project, with the goal of developing a comprehensive set of science-based target setting resources including:
  1. Decarbonization pathways aligned to a well-below 2°C scenario and a 1.5°C scenario for the shipping sector
  2. Target-setting tool for shipping around newly derived pathways
  3. Guidance document for using the tool to set targets on direct and indirect emissions from shipping operations
SSI Members Meetings
SSI’s bi-annual Members Meeting was generously hosted by Oldendorff Carriers in Lubeck, Germany. The two-day meeting saw members interacting on a diverse range of topics covering all six vision areas of the SSI Roadmap. Guest speakers from the Global Maritime Forum, Roundtable for Sustainable Biomaterials, Human Rights at Sea and Hamburg Port Authority exchanged perspectives with members. Decarbonisation played a central role in the meeting, with most of day 2 dedicated to identifying concrete steps for the SSI Decarbonisation Working Group to contribute to zero-emission shipping.

Contact Us

The Sustainable Shipping Initiative (SSI) is a multi-stakeholder initiative that brings together like- minded and leading organisations with shared goals and equal determination in improving the sustainability of the shipping industry in terms of social, environmental and economic impacts.

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