Freightos will provide a CO2 footprint estimate on every shipping service offered on the Freightos Marketplace, allowing customers to optimise their route and mode selection according to CO2 emissions.
It says incorporating CO2 footprint calculations with freight quote options, as well as offering a free API and embeddable CO2 calculator, Freightos is enabling enhanced visibility of carbon emissions per shipment, continuing the company’s mission to introduce transparency to the global shipping sector.
Freightos says as an example, a 200-kilogramme freight consignment from Shanghai to London would produce 1.1 tonnes of CO2 by air cargo or 20kg by ocean.
It says cost savings and the sustainability goals of the Paris Accord have resulted in movement towards greater environmental awareness, including in the freight industry.
International trade-related freight transport is responsible for nearly one third of global carbon emissions from transport.
ICV partner and co-founder, Glen Schwaber says: “Based on OECD data, international trade-related freight transport accounts for a full 30 per cent of all transport-related CO2 emissions from fuel combustion, and more than seven per cent of global emissions.”
He adds: “Accurate, transparent calculations of carbon footprint within supply chain and logistics is an increasingly critical element for companies with aggressive sustainability goals. It’s thrilling to see our portfolio company Freightos enable simple tracking of international shipping emissions.”
Freightos founder and chief executive officer, Dr Zvi Schreiber says Freightos’ mission is to make freight shipping transparent at every level, including its environmental impact.
He says: “Large shippers and logistics companies are introducing sustainability targets, but transportation is often the most opaque part of global supply chains.”
“We’re proud to support sustainability targets and bolster environmental awareness and accountability in industry by providing the necessary tools for our customers to manage their carbon footprint. After all, what good is transparency if you can’t see through the smog?”