- About Domini
- Domini Funds
- Responsible Investing
- Investor Services
- Learning & Planning
Mon, 02/23/2009 - 13:00 | by admin
February 23, 2009
New Report Highlights Pollution Costs in Shipping Industry
A new report on the shipping sector has been compiled by the environmental research company Trucost and released by Eurosif, the European Social Investment Forum. Domini’s research analysts contributed data and analysis to the report. The report is the latest in a series of concise reports on environmental, social, and governance challenges in various industries.
Although marine shipping is a relatively carbon-efficient way to transport goods, the report warns that shipping companies may face losses if they do not invest in cleaner, more efficient vessels. The report also outlines risks associated with marine pollution, ship recycling, waste management, and working conditions for seafarers.
Brief case studies examine how Nippon Yusen, Japan’s largest shipping company, is using solar electricity and energy-efficient technology, and how the Danish company AP Moller-Maersk plans to use waste-heat recovery systems and other methods to improve energy and carbon efficiency.
As of January 31, 2009, Nippon Yusen and AP Moller-Maersk were not held in the portfolios of the Domini Funds. The composition of the Funds’ portfolios are subject to change.