Mitsui O.S.K. Lines has announced that it has become the first Japanese company to join the board of the Book and Claim Community (BCC), an environmental initiative engaged in decarbonising complex supply chains.
The BCC is an initiative whose stated aim is to “connect, support, and catalyze efforts across numerous stakeholders towards the development of a unified book and claim chain of custody framework for transport decarbonization”.
MOL’s participation in the BCC follows from its ‘Carbon Inset’ initiative, which allocates GHG emission reductions as tokens. MOL will contribute to decarbonising international logistics, while leveraging its Book and Claim expertise in the maritime sector.
MOL joins founding BCC members Amazon, Deloitte Global, DHL Group, Microsoft, Shell, and World Energy.
Tatsuro Watanabe, Chief Sustainability Officer, MOL: ‘In the maritime industry, which is “hard to abate,” a transparent and widely accepted book and claim mechanism is extremely effective. It enables the first movers of decarbonization to introduce decarbonized fuels, and it also helps leading-edge customers who want to invest in decarbonization of their value chain to access such opportunity. I express my respect for the significant role and value that the Book and Claim Community has played, and MOL is pleased to be able to contribute to the development of this mechanism as a board member.’
As part of its ‘Group Vision for 2035’, MOL identifies ‘groupwide adoption of clean energy’, ‘climate change countermeasures’ and increasing the energy efficiency of vessels’ as essential for sustainable growth.
Source: MOL Group