1. Home
  2. / Oil and Gas
  3. / ICTSI Strengthens Its Commitment to Sustainability by Pledging to Achieve Net-Zero Greenhouse Gas Emissions by 2050.
Reading time 2 min of reading Comments 0 comments

ICTSI Strengthens Its Commitment to Sustainability by Pledging to Achieve Net-Zero Greenhouse Gas Emissions by 2050.

Written by Paulo Nogueira
Published on 15/01/2024 at 02:44
impacto ambiental, práticas empresariais responsáveis, proteção ambiental
ICTSI: Compromisso com zero emissões de GEE até 2050 – FOTO: ©2024 OFF Shore Energy
Be the first to react!
React to this article

ICTSI Committed to Net Zero Scope 1 and 2 GHG Emissions by 2050. Climate Change Action Initiative and Energy Efficiency Are Priorities.

Sustainability is one of the main concerns of International Container Terminal Services (ICTSI), a port management company based in Manila, Philippines. Recently, ICTSI committed to achieving net zero greenhouse gas (GHG) emissions in its Scope 1 and 2 emissions by 2050, marking an important step towards a more sustainable future.

This commitment not only highlights ICTSI’s dedication to sustainability but also reinforces the importance of responsible business practices and environmental protection. Additionally, it demonstrates the company’s fundamental role in facilitating global trade, showing that it is possible to align economic growth and sustainability.

ICTI Adopts New Sustainability Measures

The latest measure follows the launch of the Climate Change Action Initiative by ICTI last year. The initiative aims to decarbonize and contribute to global efforts to address climate change.

‘Our commitment to decarbonization targets marks an important step in our journey to become a more sustainable company and, as part of that, we are actively implementing initiatives to maximize energy efficiency and resource use, reduce carbon intensity, and decrease emissions.’, said Christian R. Gonzalez, Executive Vice President, Chief Compliance Officer, and Chief Sustainability Officer of ICTSI.

Furthermore, ICTSI is committed to reducing its GHG emissions directly from its operations (Scope 1) and from purchased electricity (Scope 2) by 26 percent per container move by 2030, compared to a 2021 baseline – a significant step towards net zero by 2050.

Commitment to Environmental Protection

The company is actively assessing emissions across its value chain (Scope 3) and will develop an inventory by 2025, followed by a review of targets. These targets will be regularly reviewed and updated in alignment with the evolution of climate science.

ICTSI has already achieved carbon neutrality at four terminals in the Americas – Contecon Guayaquil in Ecuador, Contecon Manzanillo in Mexico, and Tecon Suape and Terminal Rio Brasil in Brazil – representing a significant quarter of the Group’s total volume moved.

Initiatives to Reduce Environmental Impact

This achievement, along with the deployment of 48 hybrid rubber-tired gantry (RTG) cranes across its network, including 40 at the company’s main Manila International Container Terminal; two each at the Mindanao Container Terminal in Misamis Oriental and the South Pacific International Container Terminal in Lae, Papua New Guinea; and four at the Matadi Gateway Terminal in D.R. Congo, demonstrates ICTSI’s efforts to reduce its environmental impact.

‘Creating a positive environmental impact is fundamental to our business strategy, which means we will continuously review and update our goals to ensure their relevance and accelerate our efforts to mitigate climate change.’

Source: © OFF Shore Energy

Sign up
Notify of
guest
0 Comments
most recent
older Most voted
Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

Share in apps
Download app
0
I'd love to hear your opinion, please comment.x