US SHIPPING COMPANY OUTLINES SUSTAINABILITY AIMS

Jul 26, 2022 | Maritime business news

US shipping company Matson has published its 2021 Sustainability Report that describes the company’s progress toward achieving its environmental, social and governance goals.

Matson chairman and CEO Matt Cox said: “In a year of extraordinary disruption and upheaval in our industry, Matson devoted more attention and resources than ever to serving the needs of our customers, employees and communities. “I am proud of the work we are doing and pleased to share our progress in this year’s Sustainability Report.”

Matson’s annual Sustainability Report focuses on three areas that the company devotes significant resources and attention to strengthening continuously: serving the needs of its customers, employees and communities; environmental stewardship and operating its business ethically and safely. The report provides detail on the company’s strategic approach and how it measures progress and celebrates key achievements.

Under the heading of environment, the report notes that the company:

  • Set goals to achieve net zero Scope 1 greenhouse gas (GHG) fleet emissions by 2050 and a 40% reduction by 2030
  • Reduced SOx emissions by 25%
  • Published TCFD Report and incorporated climate risk into enterprise risk management programme
  • Announced LNG installation programme for more vessels

Rachel Lee, VP sustainability and governance, said: “Our 2021 Sustainability Report demonstrates Matson’s ongoing commitment to transparency and communication. As we continue to build on our ESG efforts, we will also continue to develop the way we measure and share updates on our progress, which is essential to maintaining trust with our stakeholders. We welcome feedback on the Report.”

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