Industry Leadership

CNCo is a founding member and an active participant of the Sustainable Shipping Initiative (SSI). The SSI is a coalition of shipping leaders from around the world, formed to take practical steps to tackle some of the sector’s greatest opportunities and challenges. The group is working to achieve a vision “of an industry in which sustainability equals success”. By being an active member of the SSI, CNCo works alongside competitors, regulators, suppliers, financial institutions etc., united by the common goal to show that collaborative action is possible, and to mobilise support across the whole shipping supply chain, demonstrating that shipping can contribute to and (will only) thrive by operating in a sustainable manner.

CNCo was also a lead company in the SSI’s Sustainable Ship Recycling Working Group which evolved during 2017 into the Ship Recycling Transparency Initiative (SRTI). SRTI’s vision is of a world where ships are recycled responsibly – socially, environmentally and economically – meeting and going beyond international conventions and norms.

It aims to:

• improve transparency in the ship recycling value chain;
• increase disclosure of ship recycling policies and practices;
• allow and encourage cargo owners, investors and other stakeholders to make informed decisions when using shipping companies and to incentivise improvements;
• create a level playing field for ship owners on ship recycling.

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Sustainable Ship Recycling