Carbon accounting tool

RightShip has launched an expanded and enhanced toolset for monitoring, measuring and benchmarking shipping-related greenhouse gas (GHG) emissions.

“The maritime industry – and by extension the commodity industries reliant upon it – have a steep hill to climb to meet the IMO’s target of 50% emissions reductions by 2050,” said Kris Fumberger, head of sustainability and the environment at RightShip.

”If we’re really serious about climate change, we need to continue to deliver the tools that foster data reporting and transparency to the industries that need them the most and use the insights and learnings to start making improvements today.”

Carbon benchmarking 

RightShip’s Carbon Accounting Reporting Tool builds on its existing expertise in carbon accounting, supplied to charterers as well as freight forwarders for the last five years.

This development in reporting technology comes at a time when bulk commodity producers throughout mining and oil and gas, freight forwarders, traders and investors are under growing pressure to demonstrate reductions in their Scope 3 emissions – of which shipping constitutes a major part.

This pressure comes from multiple directions, including regulators and governments, consumers via the supply-chain and investors via more stringent environmental, social and governance (ESG) reporting and performance requirements.

For those industries reliant on ocean-trade, the enhanced reporting capabilities from RightShip means that once the calculations have been made, carbon outputs and key emissions hotspots can be identified and used to establish attainable paths to emissions reduction.

Users also benefit from vessel, cargo and route type filters, supplier comparisons and vessel performance metrics to make informed sustainability decisions and set intelligent ESG strategies, while also de-mystifying the logistics selection process.

The Carbon Accounting Reporting Tool has been integrated into the existing RightShip platform, so that customers can access GHG insights, vessel vetting and inspections data in one location.