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Crowley sets baseline for GHG emissions reduction strategy

Crowley Maritime CM Shipping Liner Pegasus J Crowley
US-based Crowley has released its first sustainability report to establish a benchmark for measuring progress toward its ESG goals.

The document marks a milestone in the company's ambition to become the most sustainable and innovative maritime and logistics company in the Americas.

Crowley recently announced its ambition to achieve net zero emissions by 2050 using a science-based approach, and outlined the firm's strategy and impacts on its ESG activities.

Crowley began inventorying its carbon emissions in 2020 to serve as the baseline for its emissions-reduction strategy. In 2021, it became the first US-based maritime company to partner with Salesforce to use Net Zero Cloud to measure and analyse carbon emissions across its entire full value chain.

Priority areas include adopting low- or zero-carbon fuels and supporting new energy development; increasing diversity, growth, and talent retention; and supporting people and communities.

To achieve that level of ambition, it will need to reduce greenhouse gas emissions across its entire business by more than 3.7m metric tonnes per year, according to the report.

The report includes short- and long-term efforts to decarbonise operations; investing in liquefied natural gas (LNG) as a reliable, lower emissions alternative; advancing alternative energy technology and vessels such as the all-electric eWolf tugboat; developing strategies to support more resilient supply chains; improving commitment to diversity and equity in business through 2030 goals to ensure 37% of suppliers are diverse and 27% of purchases come from small businesses.

“The needs of our planet and people are changing, and alongside our partners, we are working each day with customers to reduce the environmental footprint of their supply chain utilizing ocean transport, which continues to be the greenest way to transport goods,” said Tom Crowley, chairman and CEO.

“We see tremendous opportunity to build a more sustainable maritime and logistics industry that makes not only the global supply chain, but also our world, more resilient,” said Crowley’s Alisa Praskovich, vice president of sustainability. “We have made progress over the last year to understand our impacts and set ambitious ESG goals, and are prepared to help lead our customers, and our industry, toward a lower-carbon future for all.”

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