Lloyd's List is part of Maritime Intelligence

This site is operated by a business or businesses owned by Maritime Insights & Intelligence Limited, registered in England and Wales with company number 13831625 and address c/o Hackwood Secretaries Limited, One Silk Street, London EC2Y 8HQ, United Kingdom. Lloyd’s List Intelligence is a trading name of Maritime Insights & Intelligence Limited. Lloyd’s is the registered trademark of the Society Incorporated by the Lloyd’s Act 1871 by the name of Lloyd’s.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By


Expert Focus: How emissions accounting can help decarbonisation

In this Expert Focus video, produced as part of Lloyd’s List’s Future of Shipping programme, RightShip chief executive Steen Lund, talks about how transparency and accounting can play a key role in shipping's sustainability push

New technologies and regulations are fundamental enablers of shipping’s decarbonisation. But robust emissions accounting and the transparency that offers will also become increasingly significant amid stakeholder pressure and societal expectations

SHIPPING companies and their customers are under growing pressure to not only reduce their emissions but to be more accountable and transparent for their contribution to climate change.

In 2018 the International Maritime Organization committed to reducing international shipping’s greenhouse gas emissions by at least 50% by 2050 compared with 2008.

But RightShip chief executive Steen Lund said the market is progressing faster than the existing IMO targets and that in this climate charterers and banks are demanding services that offer greater transparency on emissions reporting.

Mr Lund believes that emissions accounting can help attain both environmental targets and business growth in the sector.

“A commitment towards reducing emissions helps everyone work towards a shared industry sustainability goal,” he told Lloyd’s List.


Mr Lund said that it also enables the charterers to meet shareholder expectations and to manage public perception. That also makes for a more attractive proposition for investors.

“And also as focus on responsible investment grows we clearly see that those with clear emissions reductions strategies, they are given a competitive advantage for capital,” he said.

Initiatives such as the Sea Cargo Charter, under which major charterers will report their annual emissions of their shipping activities and examine whether they are aligned with global decarbonisation goals, has the potential to radically change emissions accounting in international shipping.

Across the year, The Lloyd's List Future of Shipping series will gather industry leaders, policy-makers, investors, financiers and sector experts to offer a unique programme of informed analysis and intelligent debate that will build into an industry playbook for a sustainable and profitable future. For more information and to register for our webinars, follow this link

Related Content





Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts