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Allcargo Group Commits To Achieve Carbon Neutrality By 2040

By PTI October 27, 2023

A key aspect of the group's ESG approach involves prioritizing partnerships with core carriers that comply with international conventions, such as pest control and ballast water treatment systems

Allcargo Group Commits To Achieve Carbon Neutrality By 2040
Allcargo Logistics and ECU aim to have 50% women in junior and middle management and 40% in top management by 2040. Shutterstock
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Logistics operator Allcargo Group, based in India, has outlined its sustainability goals in its latest ESG report. The company aims to achieve carbon neutrality by 2040 and has committed to partnering only with carriers that use greener fuels.

As India works toward its net-zero emission targets by 2070, Allcargo Group's report, titled 'Navigating the Green Horizon', highlights its commitment to sustainability through various green and renewable initiatives.

The report also details the company's broader Environmental, Social, and Governance (ESG) goals, including energy and emissions, occupational health and safety, diversity, equity, and inclusion, community development, labor practices and human rights, cybersecurity, and corporate governance.

The company is dedicated to integrating ESG principles into its business practices to make a positive impact on both people and the planet. Founder and Chairman of Allcargo Group, Shashi Kiran Shetty, emphasized the importance of this approach, stating that they have a significant responsibility to drive sustainability as a global logistics group.

Shetty reaffirmed the company's commitment to the United Nations' Sustainable Development Goals (SDGs) and achieving ESG objectives. The group's subsidiary, Gati, is actively transitioning to green mobility with alternative fuel vehicles, setting a target to convert all first and last-mile deliveries to alternative fuels in India by 2026. ECU Worldwide, another company within the group, is working on increasing gender diversity within its workforce.

Allcargo Logistics and ECU aim to have 50% women in junior and middle management and 40% in top management by 2040. Gati plans to achieve 40% gender diversity in junior and middle management and 30% in top management by the same year.

A key aspect of the group's ESG approach involves calculating emissions based on the Greenhouse Gas (GHG) protocol and prioritizing partnerships with core carriers that comply with international conventions, such as pest control and ballast water treatment systems under the Ballast Water Management Convention (BWMC).

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