K+S and Swire Bulk Reaffirm Joint Commitment to reduce Carbon Emissions within their Shipping Programme
Singapore – K+S Aktiengesellschaft (K+S) and Swire Bulk Pte Ltd (Swire Bulk) are pleased to announce a formal partnership to develop decarbonisation solutions built upon a shared commitment to decarbonise their operations and drive meaningful reductions in Greenhouse Gases in the maritime supply chain.
K+S and Swire Bulk have enjoyed a longstanding relationship for over 29 years with 31 million tons of cargo carried on behalf of K+S by Swire Bulk, and formerly Rudolf A Oetker acquired by Swire Bulk in 2019. Both companies have ambitious targets, with Swire Bulk working towards reducing carbon intensity by 50% in 2030 and achieving Net Zero emissions by 2050. Swire Bulk is currently making good progress and has reduced carbon intensity by 21% from the 2014 baseline.
As a long-term commitment, K+S supports the goals of the Paris Agreement on Climate Change to achieve climate neutrality by 2050. K+S has set the target to reduce CO2 emissions (Scope 1 and 2 of the production sites) by 10% by 2030 compared with 2020. A climate protection fund has been set up to actively promote the energy transition. In addition to the Scope 1 and 2 climate target, K+S has set the target to reduce transport logistics emissions (Scope 3) by 10% until 2030. Over the last few decades K+S has already been able to reduce its emissions significantly (almost 80% compared to 1990) due to the deployment of highly efficient technology.
Patrick Lieberam, Senior Vice President Supply Chain Management of K+S, shared “As a mining company, K+S is aware of its responsibility and in the area of logistics, will stand by the side of its long-term partner Swire in the implementation of zero emissions and provide support in all areas. Our goal will be to provide our customers in Europe and overseas with a low-emission value chain from the production site to the customer in the long term.”
Peter Norborg, CEO of Swire Bulk, added “We are proud to partner with K+S, who have been a key customer over many years. The area of decarbonisation is of utmost importance and both companies understand that it is only through collaboration across all stages of the maritime value chain that we can bring about change and achieve essential emissions savings. As part of the Swire Group, there is a clear commitment from our shareholders, John Swire and Sons, and the entire organisation towards sustainability and operating responsibly for the long term so that our business and the planet can thrive. We look forward to working with K+S to further move the needle on reducing carbon emissions.”
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