Synopsis:
Emirates Global Aluminium (EGA), a significant 'premium aluminium' producer, becomes the inaugural aluminium producer and the premier Middle Eastern firm to participate in the Sea Cargo Charter, aiming to curb global shipping emissions by 2050. EGA's commitment to the charter signifies a step toward aligning ship chartering activities with climate goals, acknowledging its role in shipping over 22 million metric tons of raw materials globally. By joining the initiative, EGA fortifies its pledge to achieve net-zero emissions by 2050, encompassing its entire supply chain.
Article
Emirates Global Aluminium (EGA), a vital player in the aluminium industry, recently joined the Sea Cargo Charter, marking a historic move as the first aluminium producer and the leading Middle Eastern industrial entity to partake in this global maritime sustainability initiative. This decision underscores EGA's dedication to fostering sustainability and reducing greenhouse gas emissions related to its shipping activities. The Sea Cargo Charter establishes a framework aimed at evaluating and divulging the climate alignment of ship chartering operations, aligning with the International Maritime Organization's objectives.
EGA's annual transportation of 22 million metric tons of aluminium, bauxite, and raw materials holds significance in understanding the carbon footprint associated with its scope 3 emissions. While raw material production forms the bulk of emissions, shipping contributes notably to EGA's environmental impact. The global shipping industry, accounting for two percent of anthropogenic greenhouse gas emissions in 2022, faces the imperative task of reducing its carbon footprint to meet international sustainability targets.
Abdulnasser Bin Kalban, CEO of Emirates Global Aluminium, underscores the pivotal role of aluminium in societal sustainability and emphasizes the importance of sustainable production and shipping methods. EGA's commitment to attaining net-zero emissions by 2050 encompasses supply chain activities, with the Sea Cargo Charter membership bolstering efforts toward carbon transparency and emission reduction.
Eman Abdalla, Vice Chair of Sea Cargo Charter and Global Operations Director at Cargill, commends EGA's entry into the initiative, citing transparency, unified methodology, and emissions reporting as the initial steps toward sustainable shipping. This move signifies a leap toward a more sustainable future in the maritime industry, inspiring other entities within the aluminium sector to prioritize emissions transparency in their supply chains.
Conclusion
EGA's forward-thinking approach includes collaboration with shipping partners, exemplified by their agreement with "K" Line to explore and implement marine decarbonisation technologies along strategic shipping routes. This proactive stance illustrates EGA's proactive steps toward reducing its carbon footprint and fostering sustainable shipping practices.