TEMBUSU Asia Consulting (TAC) was invited to conduct a sustainability awareness training for a shipping company that provides classification and technical advisory services to the marine and offshore industries. The participants consisted of the global management team from Asia (i.e. Korea, Japan, Hong Kong, China, Indonesia, Malaysia, Singapore, India) and Middle East countries.

With about 90% of world trade transported by sea and global shipping accounting for nearly 3% of the world’s CO2 emissions, the shipping industry plays an important role in tackling climate change. International Maritime Organization (IMO) has set a target to reduce the carbon intensity of international shipping by at least 40% by 2030 and reduce the total annual greenhouse gas emissions from international shipping by at least 50% by 2050 based on 2008 figures. In Singapore, the Maritime and Port Authority (MPA) launched the Maritime Singapore Decarbonisation Blueprint 2050 in March 2022 contributing to Singapore’s commitments under the UN’s 2030 Sustainable Development Agenda.

Our training aims to equip participants with the skills to anticipate future trends, risks, and opportunities and sort the broad array of options for action to identify efforts that will provide the greatest business value, hence fulfilling SDG 4: Quality Education and SDG 17: Partnerships for the Goals.