Lending our voice to climate advocacy
The pressure for environmental action and regulation creates the need for even greater collaboration between industry players— not only amongst ship owners and operators but also charterers, banks, and governments. We are active participants in multiple associations working on industry matters, including climate change initiatives.
In 2021, BW Group and its affiliates were a member of or partner with the following associations and organisations:
The Global Centre for Maritime Decarbonisation
The Global Centre for Maritime Decarbonisation (GCMD) was formed on 1 August 2021 with funding from the Maritime and Port Authority of Singapore (MPA), and six founding partners, namely BHP, BW, DNV Foundation, Eastern Pacific Shipping, Ocean Network Express and Sembcorp Marine.
Located in Singapore, GCMD was set up as a non-profit organisation to support decarbonisation of the maritime industry to meet or exceed the International Maritime Organization’s (IMO) goals for 2030 and 2050. Chaired by BW Group Chairman, Andreas Sohmen-Pao, the centre will drive collaborative initiatives for piloting new solutions, carbon accounting, green financing, and policy matters, amongst others.
To help the maritime industry eliminate GHG emissions by shaping standards, deploying solutions, financing projects, and fostering collaboration across sectors
The Global Centre for Maritime Decarbonisation aims to:
Accelerate the deployment of scalable low-carbon technologies across the maritime ecosystem by validating technical and commercial feasibility
Lower the adoption barriers for low-/zero-carbon fuels and technologies by closing the gaps in infrastructure, safety, operations and financing
Act as a centre of gravity for catalysing and facilitating:
+ between experts within the maritime ecosystem
+ global connections between stakeholders across the value chain
+ dissemination of maritime decarbonisation information and tools
GCMD prioritises projects by taking into consideration the technology and commercial maturity or readiness of the solutions. Technologies should have a verified prototype system and be ready for a small scale commercial trial. Examples might include a prototype system/model being produced and demonstrated in a simulated environment.
Deployment of low-/zero-carbon fuels including:
- Biofuels (FAME & HVO / Biomass)
- Bio-methane (Bio-LNG)
Alternative energy converters:
- Dual fuel internal combustion engines
- Fuel cells
Technical measures with at least 10% emissions reduction such as:
- Air lubrication
- Carbon capture and storage (w/ carbon-neutral fuels)
For more information, visit https://www.gcformd.org/
Other Key Industry Collaborations and Initiatives BW is involved in
Diversity Study Group
DSG is dedicated to diversity, equity and inclusion in the workplace across the global shipping and maritime sectors.
Getting to Zero Coalition
An alliance of more than 80 companies within the maritime, energy, infrastructure and finance industry. The Coalition is committed to getting commercially viable zero-emission, deep-sea vessels into operation by 2030.
All Aboard Alliance
The All Aboard Alliance was founded in 2020 via a collaborative drive from top industry leaders, towards increasing diversity, equity, and inclusion across the maritime sector.
A joint industry project to identify pathways for transforming the international shipping sector towards the IMO 2050 goal of 50% reduction in GHG emissions and keeping global temperature rises below 2 °C.