AkzoNobel’s innovative method which rewards sustainable ship owners has been recognised as Environmental Leader Product of the Year 2016. The scheme financially rewards ship owners who use sustainable hull coatings. The method was developed by AkzoNobel’s Marine Coatings business and is the first carbon credits methodology in the shipping industry.
Launched in 2014 in conjunction with The Gold Standard Foundation and Fremco Group, the scheme is based on ship owners converting existing vessels from a biocidal antifouling system to a premium, biocide-free hull coating such as Intersleek, part of AkzoNobel’s International range of marine coatings.
The methodology financially rewards ship owners for using sustainable hull coatings that improve operational efficiencies and reduce emissions. This is reflected in the awards success, which specifically recognizes the role of the initiative in improving environmental and energy management in the shipping industry, while delivering bottom line benefits to those who participate.
Commenting on the company’s award, the judging panel said: “Intersleek is a great technology to help reduce greenhouse emissions from the shipping industry, and the carbon credits methodology will help incentivize ship owners to adopt it. This could be a very impactful initiative, leading the industry towards sustainable shipping.
Oscar Wezenbeek, Managing Director of AkzoNobel Marine Coatings, added: “We are delighted that our efforts to support our customers, while also making an important contribution to reducing global emissions, has been recognized. This award shows the impact and relevance of our carbon credits methodology, not just within the shipping industry, but also in the context of the wider global sustainability agenda. It also provides external validation, which we hope will give ship owners further motivation to enroll in the scheme.”
Earlier this year, Neda Maritime Agency Co Ltd, a leading Greek tanker and bulker owner, became the world’s first ship owner to be awarded carbon credits through AkzoNobel’s landmark scheme. The company received a total of 13,375 carbon credits – potentially worth around $60,000.
Each carbon credit accrued represents the avoidance of one ton of CO2 being emitted to the atmosphere, meaning that Neda Maritime has offset a total of 13,375 ton of CO2 from its business.
Environmental Leader is a leading daily trade publication covering energy, environmental and sustainability news. The award was presented to AkzoNobel during the recent Environmental Leader Product & Project Awards ceremony held in Denver in the US.