Allcargo Group, in its Environmental, Social, and Governance (ESG) 2022-2023 report themed ‘Navigating the Green Horizon‘ says, that the group aims to achieve carbon neutrality by 2040 and will prioritize collaboration with carriers whose fleets are equipped with environmental technologies compliant with international standards to ensure responsible shipping.
India is working on achieving its net zero emission targets by 2070 and attaining a 45% reduction in the emissions intensity of GDP by 2030 from the 2005 level. The ESG efforts are aligned with those broader goals, it said.
The report also spelled out in detail the Group’s ESG goals which include energy and emissions, occupational health and safety, diversity, equity, and inclusion (DEI), community development, labor practices and human rights, cybersecurity, and corporate governance.
“I firmly believe that true progress is never about profit alone. It’s about what good it can do for people and the planet. This is why integrating Environmental, Social, and Governance aspects into business practices is so important, now more than ever. Being a global logistics conglomerate reaching out to over 180 countries, 530 destinations with more than 2400 direct trade lanes, and our robust multimodal capacity in India which reaches out to over 19,800 pin codes, we have a bigger responsibility and commitment to drive sustainability at a larger scale. In line with the United Nations’ Sustainable Development Goals (SDGs), we’ll continue with our concerted efforts to bring in positive changes and achieve the ESG goals.’
Shashi Kiran Shetty, Founder and chairman, of Allcargo Group
Making strides towards carbon neutrality, Allcargo Group Company, Gati, is aggressively adopting green mobility through alternate fuel vehicles. The company has expanded the scale of its eco-conscious operations to enable more businesses to go green. Gati aims to convert its entire first and last-mile deliveries to alternative fuels in India by 2026.
ECU Worldwide, which is a group company, has 56% women in its workforce, the reports stated, adding that Allcargo Logistics and ECU aim to increase gender diversity to 50% women in junior and middle management and 40% in top
At Gati, the goal is to grow gender diversity to 40% in junior and middle management and 30% in top management by 2040, it added.
A key area of the group’s strategic ESG approach involves computing emissions based on the Greenhouse Gas (GHG) protocol, it said.
Further, the report added the group prioritizes its partnerships with core carriers who comply with international conventions to perform pest control and install ballast water treatment systems, under the Ballast Water Management Convention (BWMC), which obligates ship-owners to install on all vessels by 2024.
The Group company and its subsidiaries together offers an extensive range of services in international supply chain solutions, including less than container load (LCL) and Full Container Load (FCL), airfreight, trucking, and door-to-door services. For the domestic market, the Group offers services of express logistics, contract logistics, and supply chain management.
