Photo: Maersk

Boston Consulting Group joins Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping

U.S.-based management consulting company Boston Consulting Group (BCG) has become an official partner to Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping.

By signing a partnership agreement with the center, BCG committed to long-term, strategic collaboration to speed up decarbonization of the maritime industry.

As informed, the two partners will focus on strategic elements of the zero carbon transition such as knowledge sharing, data analytics, and insights on transition pathways.

Furthermore, they will engage in joint events and activities with global forums and sustainability institutions to drive climate action.

“We are delighted and deeply committed to be entering into this partnership with the Center. Joining forces, we can together bring a … impactful perspective to this complex challenge, which cannot be overcome by individual actors alone, but by taking action together,”  BCG Partner Peter Jameson commented.

With 70,000 ships consuming 300 million tons of fuel p.a., global shipping accounts for around 3% of global carbon emissions, a share that is likely to increase as other industries tackle climate emissions in the coming decades.

To accelerate the development of viable technologies, a coordinated effort within applied research is needed across the entire supply chain.

The center was established in June 2020 by Maersk, ABS, Cargill, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Lines and Siemens Energy.

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The initiative comes as the industry charts its path toward achieving the IMO 2050 target and vies to fully decarbonize operations. However, in order to be able to do so, new fuels and a systemic change in the industry are needed.