With a holistic approach we work to decarbonise our services and operations throughout our network.
Our objective is to achieve a 30% carbon emissions reduction by the year 2030. To achieve this objective, we will combine energy-efficient improvements with the utilisation of low-greenhouse gas fuels. Furthermore, we encourage our freight customers to actively participate by voluntarily contributing to the reduction of greenhouse gas emissions in freight transports with our insetting initiative.
Carbon insetting focuses on creating initiatives that reduces emissions throughout our own supply chains and operations. The initiatives can vary from transitioning to renewable fuel alternatives, collaborating with suppliers and stakeholders to improve their energy efficiency or contributing to other key areas of emission reduction.
The insetting initiative offers an option to affect decarbonisation across an entire supply chain where companies can control their offers and collaborate with stakeholders in the chain to decrease emissions collectively.
The offsetting initiative on the other hand provides the option to reduce emissions through external projects or initiatives that are not directly related to a company’s business. An example is the promise to plant trees to compensate the carbon emissions on a service being used.
As we at Stena Line are committed to recusing our greenhouse gas emissions, the insetting initiative gives an opportunity to influence services our customers are using themselves, or operations throughout our network.
The book-and-claim principle creates a simple system designed to facilitate the decarbonisation of shipping.
The term “scope emissions” refers to standardised categories of a company’s greenhouse gas emissions. Understanding scope emissions is crucial for calculating an organisation’s carbon footprint and gaining insights into how to minimise contributions to climate change.
Notably, Scope 3 emissions are believed to have the most significant impact among the three categories. By offering insetting solutions, we assist customers in reducing their Scope 3 emissions.
These categories help structure and clarify our understanding of a company’s carbon footprint. Let’s break down each scope:
Definition
These are a company’s indirect greenhouse gas emissions, generated by the electricity or power it consumes.
Source
Emitted by power plants supplying electricity to the company.
Definition
These are a company’s direct greenhouse gas emissions that it controls.
Source
Emitted by company-owned and operated facilities, vehicles and other assets.
Definition
These are a company’s indirect greenhouse gas emissions that are not included in Scope 2.
Source
Emitted by company’s various activities, such as business travel, use of company products, and emissions from the company’s suppliers.
We know our customers have ambitious goals to fight climate change and with an insetting offer we can support our customers achieving decarbonisation targets for their logistics operations. Our insetting offer gives visibility across our customers’ greenhouse gas emissions footprint from logistics while providing an understanding of the status quo of their decarbonising journeys.
By participating in our initiative, customers can contribute to reducing emissions while maintaining their operational continuity. Customers can claim insets from our consumption of certified biofuel or other low-greenhouse gas fuel on ships within our operations which directly corresponds to the avoided greenhouse gas emissions.
You, as our freight customer, are assured accurate and distinct insets. The emissions reduction procedure is thoroughly documented and finalised with a corresponding certificate and statement, regardless of which insetting scope you choose to participate in.
The certificate serves as assurance that the emissions reductions are both genuine and distinctive. When reductions occur using biofuel on ships our process undergoes independent review by an external auditor as guarantee for the customer.
Helping customers achieve Scope 3 emissions targets through sustainable logistics solutions
Scope 3 emissions encompass the greenhouse gas (GHG) emissions that are indirectly linked to a company’s operations. These emissions are typically more difficult to manage due to their indirect association. However, with our assistance, achieving this reduction is feasible.
At Stena Line, we prioritise the use of low-greenhouse gas fuels to surpass our own Scope 1 & 3 targets, going beyond mandatory compliance requirements. Here is how we can support your business achieving your Scope 3 targets:
GHG Inset Price Determination: When your company expresses interest in Scope 3 reductions, we calculate the GHG inset price for your company, promote transparency and a clear understanding of the process.
Cost Estimation and Procurement: Following the GHG inset price determination, we calculate a cost estimate. Should you choose to move forward, the GHG inset can be procured accordingly.
Sustainability Documentation: After procurement, we provide a GHG statement specifically for your company’s sustainability records, reflecting the GHG inset’s influence on your emission statistics.
Registration and Verification: We meticulously document all GHG claims in our registry, guaranteeing precise monitoring and validation of emission reductions.
Collaborate with us to make a meaningful impact on reducing your carbon footprint, addressing even those emissions that are not directly within your control. We are here to guide you towards your sustainability goals!
The direct solution is linked to a particular route and potentially to a specific ship carrying the customer’s freight, although it may not coincide with the precise journey of their shipment.
This method guarantees the accurate tracking of greenhouse gas offsets to the exact fuel consumption of a ship on a designated route.
(The highlighted route is for illustration only; the direct solution can be offered on any of our routes)
The indirect solution offers the customer to finance and claim emissions savings under specific fleet limitations.
However, the connection to a particular route or ship is not direct and the low-greenhouse gas fuel may be utilised across our entire network, without being restricted to the customer’s freight route or the ship used for transportation.
Our ambition is to be a leader in sustainability.
Our sustainability strategy is organised into five focus areas, each with a designated team and owner. They actively monitor upcoming legislation, introduce new initiatives, and assess the impact of these efforts.
Alternative energy sources are the future for global shipping.
Recognising that our ships operations have contributed to climate change, we are committed to reducing greenhouse gas (GHG) emission from these operations.
Our ambitious goal is to achieve a 30% carbon emissions reduction by 2030.
Learn more about our sustainable journey
