Carbon insetting with GoLow
GoLow is Trafigura’s proprietary maritime carbon insetting programme, designed to support our clients’ shipping-derived supply chain emissions reduction goals.
What is carbon insetting?
Insetting
Refers to investments made by companies to reduce net emissions within their broader supply chain, such as in the maritime sector when a company’s goods have a marine-based freight leg.
Offsetting
Refers to investments typically made outside of a company’s supply chain to compensate for some or all of their emissions.
Both can be complementary tools on an entity’s path to meeting their stated ESG goals.
We make incremental, third party verified fuel switches, displacing fossil marine fuels with certified lower-carbon alternatives consumed by our fleet, generating greenhouse gas emissions savings.
These supply chain emissions savings, generated following principles detailed in our Standard Operating Procedure document, can then be offered to customers that may not have their own shipping fleet and are seeking efficient, verified savings in the corresponding Scope 3 category.
To demonstrate additionality, the eligible lower-carbon fuels comply with the sustainability requirements of internationally recognised voluntary schemes (such as ISCC), and must not have been used to satisfy mandates such as FuelEU Maritime.
