Inditex (BME:ITX), owner of major high street fashion brands including Zara, Bershka and Pull&Bear, has partnered with A.P. Møller-Maersk (NASDAQ:MAERSKA) to tackle the shipping emissions of its supply chain.
From decarbonising steel to unmasking the issues with carbon removals, in this weekly round-up we explore the latest developments regarding corporate initiatives, sustainability reports and key industry updates.
From scrutiny into the SBTi to companies clinching partnership to achieve sustainability efforts, in this weekly round-up we explore the latest developments regarding corporate initiatives, sustainability reports and key industry updates.
In November 2020, four young graduates from the Massachusetts Institute of Technology banded together with the foundation of Amogy. Seonghoon Woo, Young Suk Jo, Hyunho Kim and Jongwon Choi have since been joined by over 140 employees as their company has expanded from its New York headquarters to additional offices in Houston and Norway.
A research team at Chalmers University of Technology in Sweden claims to be the first to demonstrate that it is possible to reduce the aerodynamic resistance of ships by up to 7.5% by utilising what is known as the “Coanda effect”.
Port of Aberdeen boss Bob Sanguinetti is confident new plans to boost the harbour's green credentials will help the Granite City become net-zero capital of the world.
The use of green ammonia to decarbonise shipping may get a major boost when US-based startup Amogy demonstrates its technology to power a tugboat in late 2023, but policy support is needed to deploy the fuel at scale.