Matson commits to net zero GHG by 2050
Written by Nick Blenkey
Image: Matson
One of the most iconic names in U.S. shipping, Honolulu, Hawaii, headquartered Matson Inc. (NYSE: MATX), has published new long-term environmental goals in a Sustainability Report 2020 Supplement that commit the company to reducing fleet greenhouse gas (GHG) emissions by 40% by 2030, and achieving net zero fleet GHG emissions by 2050.
“We are committed to doing our part in helping the world decarbonize and limit climate change,” said Matt Cox, chairman and chief executive officer. “We believe we have a responsibility to significantly reduce our carbon footprint by lowering our greenhouse gas emissions and our aim is to achieve these medium- and long-term goals by improving fleet and operational efficiency.
ZERO-CARBON FUELS
“Matson is supporting efforts to create an industry-funded research and development program to accelerate zero-carbon fuels and technologies,” said Cox. “While these transformative technologies develop, we will continue to focus on improving the efficiency of our fleet and terminal operations.”
Other highlights of Matson’s 2020 Supplement include:
- Environment: Reduced fleet GHG emissions by 23% since 2016
- Safety: Reduced shoreside lost time injuries by 10% from 2019
- Community: Achieved 2020 vessel schedule reliability of 98% in Hawaii service, 97% in Alaska service and 92% in Guam service
More information in Matson’s Sustainability Report 2020 Supplement posted online at: www.matson.com/sustainability.
Categories: Environment, News, Shipping
