In fact, Mr. Mats Berglund, CEO of Pacific Basin, explained:
As commodity producers, traders and end users become increasingly interested in mitigating the environmental footprint of their activities, they are also likely to become more interested in offsetting emissions from the transportation of their products.
In order to facilitate these carbon offsets, the dry bulk operator has collaborated with CLP Innovation Enterprises Limited, which is supplying Pacific Basin’s carbon emissions offset programme with carbon credits derived from CLP’s wind farms in India.
Specifically, CLP’s Carbon Credits platform, offers business sustainability strategies to Pacific Basin, so as to take decisive actions and build a greener industry.
In addition to pledging net zero-carbon emissions from our global shore-side operations, we will offer
our cargo customers the opportunity to voluntarily purchase carbon credits to offset carbon emissions
from the transportation of their cargoes on Pacific Basin vessels starting in 2021. Such an arrangement
is similar to carbon offsetting that airlines offer to their passengers.
…Mr. Mats Berglund added.
Concluding, under their collaboration, both sides will enhance carbon-neutrality, while support CLP’s renewable energy operations and related community projects in India, with a focus on sustainable agriculture, food and water security, female empowerment, healthcare and education.