ECU Worldwide, Allcargo Logistics’ wholly- owned global subsidiary and leader in LCL consolidation, has released its Environmental, Social, and Governance (ESG) 2023-2024 report with the theme 'Charting Sustainable Pathways with Ingenuity.' The report highlights ECU Worldwide’s commitment to achieve carbon neutrality by 2040 through its sustainable ways. It has also spelt out in detail the ESG goals which include energy and emissions, occupational health and safety, diversity, equity, and inclusion (DEI), community development, labour practices and human rights, cybersecurity, and corporate governance.
Commenting on the launch of the ESG report, Shashi Kiran Shetty, Founder & Chairman, Allcargo Group said, “I am delighted to unveil our Environmental, Social, and Governance (ESG) 2023-2024 report, which reflects our steadfast commitment to building a sustainable and inclusive future for all. At Allcargo Group, we believe sustainability goes beyond compliance, it’s about creating lasting value for people, the planet, and our stakeholders. This report highlights our progress across three core pillars Environment (with a focus on renewable energy transitions), Social (ensuring employee safety, diversity, equity, and inclusivity, while driving community impact), and Governance (strengthening ethical practices, sustainable supply chain management, and data security). With a global footprint spanning 180 countries and robust multimodal operations globally, we recognize our responsibility to lead by example. Guided by the theme, ‘Charting Sustainable Pathways with Ingenuity,’ we aim to drive innovation, adopt sustainable practices across our global facilities, and foster ESG-driven collaborations. Together with our partners, we will continue to advance our ESG goals, shaping a future where business growth and sustainability go hand in hand.
· ECU Worldwide offers its customers an easy way to choose renewable fuels through its sustainable initiative, Greenwayz. The book-and-claim model allows customers to choose liquefied biomethane (LBM), cutting CO2 emissions by 25% to 100% for less than Container Load (LCL) shipments in Sweden and looking to expand to Denmark, Finland and Norway soon. This method allows clients to claim emissions reductions by using renewable fuel.
· ECU Worldwide is leading the way in sustainable transportation in Sweden by becoming the first terminal to introduce electric trucks for container movements to and from the Port of Gothenburg. This initiative, aims for carbon dioxide-neutral transport. The dedicated Volvo FH Electric Trucks exclusively services the route between Nordicon Terminal and the Port of Gothenburg.
· ECU Worldwide has achieved a gender balanced team with equal representation of women and men.
· ECU Worldwide’s cutting-edge digital booking platform ECU360 plays an important role in optimizing end-to-end shipping transactions and making it more feasible to implement sustainability measures. For example, 90 percent booking is done online to reduce paper work.
· Committed to Corporate Governance: The Allcargo Group targets to ‘maintain zero instances of non-compliance with regulatory requirements year-on-year.’
o Our critical information assets and IT infrastructure are certified to ISO 2 7001:2022, ensuring that our data handling practices meet the highest standards of security, regulatory compliance, and industry best practice.
o A key area of the Group’s strategic ESG approach, involves computing emissions based on the Greenhouse Gas (GHG) Protocol: A Corporate Accounting and Reporting Standard (Revised Edition) (2015) with Global Logistics Emissions Council (GLEC) Framework, and identifying ways to mitigate them.
This year, we are continuing to advance towards our goals and targets established based on our Material areas - Environment (Energy & Emissions), Social (Occupational Health and Safety, Community Development, Labour Practice and Human Rights, Diversity, Equity, and Inclusion), and Governance (Sustainable Supply Chain, Customer Satisfaction Corporate Governance, and Cybersecurity). The most notable of our ESG goals is to achieve carbon Neutrality (scope 1, 2, & 3) by 2040 by investing in cleaner alternate fuels and renewable technologies.
