Enviva, a global renewable energy company specializing in sustainable wood bioenergy, has joined the Sea Cargo Charter, a cross-industry partnership of over 20 ship charterers that aims to establish a consistent global framework for transparently assessing and disclosing the climate impact of ship chartering operations.
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Earlier this year, Enviva announced its goal to become net zero in its operations by 2030. As part of this commitment, Enviva will track and transparently report its progress in reducing its emissions, including its Scope 3 emissions, those generated as part of its upstream and downstream supply chain, annually. The company also vowed to work with partners to improve the environmental emissions intensity of its shipping and other transportation logistics. Enviva plans on advocating for the development of new solutions and accelerating its work with stakeholders to bring those solutions to market. One such solution is the Sea Cargo Charter, which offers a standard greenhouse gas ("GHG") emissions reporting process that significantly simplifies some of the complexities often associated with reporting.
By joining the Sea Cargo Charter, Enviva will benefit from an industry-established, global baseline that quantitatively assesses and discloses shipping activities in line with the climate goals set by the International Maritime Organization (the "IMO"), the United Nations' agency responsible for regulating shipping. These goals include the IMO's ambition for GHG emissions from international shipping to be cut by at least 50 percent by 2050 compared to 2008 levels.
"We are delighted to join the Sea Cargo Charter. The commitment to monitor and report our emissions from our vessel chartering activities, and thereby to track our own carbon intensity, is closely aligned with our wider goal to reach net zero and to be transparent in emissions reporting," said Gordon Lugsdin, Head of Chartering at Enviva. "A standardized reporting framework is vital for the shipping industry to demonstrate its commitment to reducing GHG emissions, becoming more sustainable, and fighting climate change - core values we share at Enviva."
The Sea Cargo Charter continues to grow since its inception in October of 2020, when some of the world's largest vessel charterers launched the initiative to demonstrate their role in promoting responsible environmental behavior and incentivize the decarbonization of international shipping. Enviva, the world's largest producer of industrial wood pellets, is the latest signatory to the charter, which includes major players in the energy, agriculture, and mining industries.
"I am delighted to welcome Enviva to the Sea Cargo Charter. Together, we commit to transparent and consistent reporting of greenhouse gas emissions to promote shipping's green transition," said Jan Dieleman, President, Cargill Ocean Transportation and Chair of the Sea Cargo Charter Association.
The Charter is intended to evolve over time as the IMO adjusts its policies and regulations to address new and emerging environmental and social concerns.
About Enviva Holdings, LPEnviva Holdings, LP is the world's largest producer of industrial wood pellets, a renewable and sustainable energy source used to generate electricity and heat. Through its subsidiaries, Enviva Holdings, LP owns and operates wood pellet processing plants and deep-water export terminals in the U.S. Southeast. We export our pellets to power plants in the United Kingdom, Europe, and Japan that previously were fueled by coal, enabling them to reduce their lifecycle carbon footprint by more than 85 percent. We make our pellets using sustainable practices that protect Southern forests and employ about 1,200 people and support many other businesses in the U.S. Southeast. Enviva Holdings, LP conducts its activities primarily through two entities: Enviva Partners, LP, a publicly traded master limited partnership (EVA) - Get Enviva Partners LP Report, and Enviva Development Holdings, LLC, a wholly owned private company. To learn more about Enviva Holdings, LP, please visit our website at www.envivabiomass.com.
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