The EU’s Emissions Trading Scheme (EU ETS) extends to container shipping from the 1st January 2024, with significant legal, commercial and financial consequences for carriers and a new surcharges for shippers. Under the EU ETS carriers will purchase a capped number of permits, known as EU Allowances (EUAs) at auction that allow discharge of a specified …
As part of the UK’s net zero commitment the government is supporting a variety of technology, fuel and market-based measures to address aviation emissions, with particular commitment to sustainable aviation fuel (SAF). The government recognise sustainable aviation fuel (SAF) as crucial to efforts to decarbonise, and they want the UK to be a global leader …
Last November, the EU adopted the Corporate Sustainability Reporting Directive (CSRD), with fines and penalties for those failing to disclose their indirect (Scope 3) emissions. The phase-in period for CSRD begins on the 1st January 2024 and the UK has matched this timeline. The directive increases the range of companies mandated to report, with almost …
Just months after IMO 2023 launched, the International Maritime Organisation raised its carbon emissions targets, which will require more carrier investment and with the EU rolling out its emissions trading scheme from next year, shipping lines will be looking to recover a lot of costs from shippers. The revised IMO greenhouse gas strategy, adopted this …
The introduction of the EU carbon border adjustment mechanism (CBAM) places reporting responsibilities on companies trading with the bloc in carbon-intensive products from the 1st October 2023 and businesses will have to buy certificates to cover emissions embedded in products from 2026. With CBAM tariffs likely to account for over 17% of the landed cost …
Sustainability is good for business, because it builds brand value, meets consumer expectations, attracts talent and creates new opportunities, which is why Metro has been certified Carbon Neutral for two years and why we share the most important developments in sustainability. Despite today’s economic uncertainties, consumers are still open to sustainable products if they are …
With a goal of net zero emissions by the year 2050, the European Union is expanding its Emissions Trading System (ETS) to the shipping sector in 2024, which means container shipping lines will need to purchase emission allowances while investing in alternative fuels, with the increased costs likely to be passed on. The European Union’s …
A survey by the British International Freight Association (BIFA) confirms that freight forwarders are coming under increasing pressure from customers to show evidence of decarbonisation, while those same customers need to get ready for carbon emission audits now. The BIFA survey found that legislation compelling change in logistics decarbonisation will be a primary driver for …
As the effects of climate change intensify, the pressure on the food sector will increase over the coming decades, which is encapsulated by the FDF’s environmental ambition in creating a more sustainable food system. Supply chain issues, labour shortages, threats to energy security and rising inflation have added a new set of challenges for the …
Alongside customers in key verticals, including food, drink, cars and commercial vehicles, Metro is committed to the highest environmental standards, by maintaining carbon neutrality, investing in alternative fuels and supporting our customers with technology-enabled sustainable supply chains. The global food system will face significant pressures over the medium term as demand for resources and the …