CBO Group implements greenhouse gas emissions compensation schedule until 2025

(TNPetroleo) The CBO Group, an offshore maritime support company, is implementing a study-effect gas (GHG) compensation agenda. As of September, in all new contracts signed, GHG emissions generated by the burning of fuel from vessels will be offset annually through the purchase of carbon credits, for the duration of the service provision.

The goal is to offset emissions related to the burning of fossil fuels (scopes 1 and 3, under the terms of the Brazilian GHG Protocol Program) of all vessels by 2025. Before that, in 2022, the company intends to have neutralized its emissions (scope 2) regarding the consumption of electricity in all administrative facilities, through the purchase of 100% renewable energy, with I-REC certificate.

The agenda is part of an ESG (Environment, Social and Governance) strategy of the CBO and also contemplates, as of January 2022, the company’s support to social institutions through Venture Philanthropy or technical-financial resources in partnership with Instituto Órizon. Also next year, the company will publish a sustainability report on its website, for greater transparency of ASG performance, in addition to having its 2021 Atmospheric Emissions Inventory verified by a third party and published on the Brazilian GHG Program platform Protocol.

In addition to offsetting through carbon credits, CBO is investing in a hybrid propulsion system, which allows the vessel’s engine to switch between diesel and electric energy from batteries. Innovation increases energy efficiency, reduces the use of diesel and, consequently, lowers carbon emissions. The Finnish Wärtsilä project, the Wärtsilä HY Module, is already being implemented in one of its boats and this will be the first ship in Latin America with this technology.

“CBO is engaged in identifying innovative alternatives to reduce greenhouse gas emissions resulting from its operations. We are constantly analyzing the available technologies, we follow the evolution of the energy transition market and we are going to adopt, in our fleet, the hybrid propulsion engine , which can improve the vessel’s operational performance by up to 13%. And while the efficiency of these new projects is evaluated and tested, we are going to implement a GHG emissions offsetting agenda. These initiatives reinforce our commitment to ESG practices”, he highlights Marcos Tinti, CEO of Grupo CBO.

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