As part of Maersk’s pilot of a new carbon neutral biofuel, it has been announced that H&M will be the first company to participate, according to Supply Chain Dive.
Having been tested earlier this year in a collaboration with the Dutch Sustainability Growth Coalition (DSGC) and Shell, the biofuel consists of a blend of used cooking oil and heavy oil and produced 85% fewer emissions than bunker fuel.
In a press release, Maersk said: “The goal of such pilot projects is to unlock the potential of sustainable fuels so they become a commercial reality.”
According to Maersk, ocean shipping makes up for 2-3% of global emissions as transportation educes emissions in its supply chain.
H&M aims to become climate positive by 2040, with the Science Based Targets initiative approving the firm’s emissions goals at the beginning of 2019. Its approved goals are a 40% reduction in scope one and two greenhouse gas emissions by 2030 and a 59% reduction in scope three emissions by 2030.