Suez Canal Authority Collaborates with ABS to Develop a Roadmap for the Green Canal Program by 2030

ABS and the Suez Canal Authority (SCA) signed a Memorandum of Understanding (MoU) to develop a long-term sustainability roadmap and de-carbonization strategy for the canal, one of the world’s busiest shipping routes.

The MoU will see ABS and SCA work together on issues related to sustainability and the green environment as a part of the SCA’s business plan to transition to a green canal by 2030. Over the year-long agreement, ABS and the SCA will work together to develop a de-carbonization strategy and assessment of energy and emission intensity and potential ways of emission reduction.

SCA and ABS will collaborate in developing a long-term sustainability roadmap and embedding sustainability as part of the SCA’s core business strategy with a wide range of services such as technology selection, benchmarking and target setting, regulatory compliance documentation, carbon accounting and verification energy audits and more.

“The Suez Canal is a vital artery for global trade. Ensuring environmental stewardship for trade will make a significant contribution to creating a more sustainable platform for the entire shipping industry. ABS is a leader in maritime de-carbonization, and we are proud to be able to use our deep insight to address the complex set of challenges presented by such a key global waterway,” said Christopher J. Wiernicki, ABS Chairman, President and CEO.

Reference:

1. Cision