Through coZEV, a group of climate-leading cargo owner companies have come together to develop the coZEV 2040 Ambition Statement, in which they share their intention to use only zero-carbon ocean freight by 2040 and issue a call to policymakers to take action to support the clean energy transition in shipping.

An initial group of leader companies released the statement in October 2021. Setting a shared level of ambition sends an important demand signal for decarbonization and sets the stage for future collaborative work to help companies reach their ambitious decarbonization goal.

The coZEV 2040 Ambition Statement positions signatory companies as clear leaders in this space by:

  • Stating a shared aim by a group of prominent multinational companies to decarbonize their maritime freight by 2040. Experts estimate this target date to be well aligned with a Paris Agreement 1.5°C trajectory and achievable
  • Expressing a desire to see the entire maritime shipping industry decarbonized by 2050 at the latest
  • Acknowledging that decarbonization of this sector requires a wholesale transition to shipping fuels that are zero-carbon from a lifecycle perspective, massively scalable, and economically viable

Initial signatories who showed leadership on this issue by joining in October 2021 were:

  • Amazon
  • Brooks Running
  • Frog Bikes
  • IKEA
  • Inditex
  • Michelin
  • Patagonia
  • Tchibo
  • Unilever

If your company is interested in signing onto the coZEV 2040 Ambition Statement, please reach out.

Next Steps

Additional collaborative actions and projects are under development. These will provide companies with concrete opportunities to shape the zero-carbon shipping transition in ways that will help businesses achieve both their climate and logistical goals. Projects we are developing include:

  • Cargo owner-support for the first zero-carbon maritime shipping corridors
  • New mechanisms for bringing together collective freight demand and achieve economies of scale for zero-carbon shipping
  • Harnessing cargo owner voice to support public policies that will accelerate and lower the cost of the decarbonization transition
  • Promoting new and improved tools for tracking shipping emissions data and fostering transparency

Stay tuned for future projects and initiatives organized by the coZEV platform. Join Us and learn more about how your company can get involved.