Matson Has Reduced Scope 1 Emissions by 12% Since 2016

Matson Has Reduced Scope 1 Emissions by 12% Since 2016

Time Stamp: July 26, 2023 12:00 AM
Source Node: 2785583

Pacific container carrier Matson said that it reduced its Scope 1 emissions — direct greenhouse gas (GHG) outputs that come from sources controlled or owned by the organization — by 12% between 2016 and 2022.

Matson is looking to reduce its Scope 1 greenhouse gas fleet emissions by 40% by 2030 and achieve net-zero emissions by 2050 while using 2016 as a baseline, according to its 2022 Sustainability Report.

To achieve its emissions goals, the organization invested $900 million in four liquid natural gas (LNG) capable vessels that were delivered between 2018 and 2020. Matson also invested almost $130 million to enable its Daniel K. Inouye, Manukai and Kaimana Hila container ships to run on LNG and $1 billion to build three new LNG vessels that are expected to be delivered in 2026 and 2027.

“While we began the journey of sustainability reporting in late 2019, our tradition of sustainable business practices has been a part of our company’s success for more than a century,” said Matson CEO Matt Cox. “Our external reports have formalized our efforts and helped focus our priorities, improving the way we measure progress while elevating our transparency and communications. I’m proud of the progress we’ve made in three and a half short years and am excited about the work ahead. As our journey continues, Matson will stay on course with the continuing oversight of our Board of Directors and the dedication of our employees.”

Matson’s 2022 Sustainability Report covers the company’s performance and data from the 2022 fiscal year that ran from January 1, 2022 to December 31, 2022. Some activities that took place in early 2023 were also included in the report where indicated.

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