It seems that all large companies have decided global warming is a threat to their businesses and want to do something about the issue. Change costs money and resources, but sometimes companies need to change,
In an article by Jonathan Saul of Reuters, Boston Consulting Group estimates that the global shipping industry will need $2.4 trillion in investments to achieve net zero emissions by 2050.
Amazon and IKEA are among commercial users of container shipping that will opt for zero carbon marine fuels by 2040 in a new initiative aimed at speeding up decarbonization in the maritime sector.
90% of world trade is transported by sea, global shipping accounts for nearly 3% of the world’s CO2 emissions and the sector is under going scrutiny to become cleaner.
Linking to dividend paying stocks, companies that make profits have the ability to lead or make changes and still make profits to pay dividends. It is a balancing act but if governments and customers wish it to happen, companies have limited choice by to try. When the next AGM comes along, it is good to know what your company is doing and then it will not be not negatively affected by investment decisions on greener companies.
There are more questions than answers, till the next time – to raising questions.