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.
