Freightos® launches carbon calculator to help importers and exporters monitor and cut supply chain emissions
MAY 12, 2022
- Freightos launches EN 16258 standards-compliant international freight CO2 emissions calculator that allows shippers and forwarders to compare emissions, alongside pricing and capacity information, across multiple carriers prior to booking
- New CO2 measurement capabilities aims to curb the global shipping industry’s 7% share of all greenhouse gas emissions
- Helps shippers, freight forwarders, and carriers to track emissions and comply with any new SEC and EU regulations requiring disclosure of carbon footprint
- Carbon calculator and accompanying API will be provided free of charge to customers and non-customers
Barcelona, SPAIN – May 12, 2022 – Freightos, a global freight pricing and booking platform, today announced that it has launched a free, standards-compliant carbon calculator tool that allows freight forwarders, importers, and exporters to estimate and compare emissions for specific shipping routes and modes.
Importers, exporters, and forwarders can embed the CO2 calculator into their websites or platforms, driving more informed and sustainable booking decisions while improving carbon emissions tracking across multiple modes. This is designed to enable customers to comply with a growing global CO2 regulatory and reporting framework with door-to-door emissions reporting based on European standard EN 16258 (Methodology for calculation and declaration of energy consumption and GHG emissions of transport services (freight and passengers)).
Freightos has also launched a free global freight carbon emissions API that both customers and non-customers can embed on platforms, subject to reasonable use.
The new CO2 measurement capabilities will contribute to the active reduction of global emissions by being available directly on WebCargo by Freightos, the company’s flagship cargo booking platform, which connects over 30 airlines and ocean liners with thousands of freight forwarders. This will enable forwarders to instantly compare prices, transit times, capacity availability, and the carbon footprint across leading carriers, with the potential to make greener global freight booking selections.
“Freightos recognizes the immense challenges for global freight to achieve net zero and we’re committed to help achieve that by bringing visibility to two billion tonnes per year of invisible GHG emissions from freight services,” said Zvi Schreiber, CEO of Freightos. “Armed with this visibility, the industry can better approach the challenging mission of decarbonization.”
Emission disclosure requirements have become increasingly prevalent around the world. For example, the European Union has introduced new, more stringent emissions reduction mandates. In addition, the U.S. Securities and Exchange Commission (“SEC”) recently proposed greenhouse gas emissions disclosure requirements for all U.S. public companies.
In 2021, over $20 trillion in goods were shipped around the world, with international freight accounting for about 7% of the world’s total CO2-equivalent emissions annually.
Every consumable product plays a role in logistics carbon emissions. For example, an air fryer shipped from Shenzhen to Los Angeles can be responsible for anywhere from the equivalent of .05 kilograms of CO2 (kgCO2e) when shipped by ocean to 32 kgCO2e when shipped by air.
This means that in the United States alone, the carbon emissions for the more than 25 million air fryers shipped to the U.S. from 2020 to 2021 was around 1.25M kgCO2e, equivalent to the amount of CO2 generated by a car driving up and back to the moon more than sixteen times.
“Logistics service providers are being asked to make better, greener decisions, while providing those same capabilities to their shippers,” said Charles Marrale, CEO of freight forwarder ExFreight. “This begins with reporting, followed by the ability to make greener decisions at the point of booking. It’s exciting to see Freightos provide forwarders with carbon emission reporting at the same speed and ease with which they help facilitate pricing and booking.”
The carbon footprint calculator is available for free here. Users interested in embedding it or accessing the API can register for free here. Freight forwarders who are not using WebCargo yet for pricing and booking can register for free here.
International trade is the core of the world economy. However, the trillion dollar global freight market powering trade remains one of the last offline industries, increasing costs and reducing reliability for the world’s supply chains.
Freightos® is the global freight booking platform, connecting carriers, freight forwarders, and importers/exporters. Freightos makes international shipping faster, more cost-effective and reliable, expanding trade between the people of the world. The Freightos Group includes three business units:
WebCargo by Freightos is the digital pricing, booking and sales platform for logistics providers. WebCargo is the dominant Digital Air Cargo (DAC) platform, partnering with leading airlines to serve 3,300+ freight forwarders across over 10,000 offices. These forwarders represent more than 30% of the world market. WebCargo also provides real-time ocean bookings, as well as software as a service tools for forwarders to digitalize freight sales.
Freightos.com is the largest digital freight marketplace, connecting logistics providers and importers/exporters for instant pricing, booking, and shipment management. Over thirteen thousand SMEs and enterprise organizations have sourced shipping services via Freightos. Together with partners such as Alibaba.com, Freightos.com enables smoother global shipping.
Freightos Data publishes the Freightos Baltic Index (FBX), the industry’s key daily benchmark of container shipping prices, as well as other data products which improve supply chain decision making, planning, and pricing transparency.
Founded by serial entrepreneur Zvi Schreiber in 2012, the Freightos Group is a widely recognized LogTech (logistics technology) leader with a worldwide presence and a broad customer network. Freightos has raised $120 million from leading venture funds and strategic investors.
Dafna Farkas, Corporate Marketing Associate