What is the ESG toolkit?
TT Club stands together with its Members in providing access to this ESG supply chain toolkit. This is a resource where you can access expert insight, educational content and support focused on a range of environmental, social and governance (ESG) topics that will assist your business to navigate your unique ESG journey. Of course, each business is unique, and therefore it is essential to undertake thorough due diligence prior to engaging with any service provider.
In collaboration with our Members, strategic partners and expert service providers, this toolkit demystifies complex matters and provides signposts to strategies and solutions to challenges such as emissions calculation, reduction and reporting, alongside social aspects such as attracting and retaining staff and maintaining their well-being.
Developing over time, this ESG toolkit will showcase success stories from the industry and demonstrate the art of the possible through a series of case studies, providing building blocks for your business to consider incorporating into your ESG strategy.
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ESG case studies
As pressure continues to build for companies globally to further develop ESG strategies and positive impact, it is common for businesses to consider partnering with charities to help achieve some of their ESG goals.
How can carbon credits help you?
Carbon credits are seen by several organisations as a crucial element towards achieving global net zero emissions by 2050, but despite earning a billion-dollar valuation from global companies, carbon credits have long struggled to inspire confidence. Some environmental groups approach carbon markets with scepticism, claiming that they allow companies to appear as though they are leading on climate action, when in fact they are not. In fact, the Science Based Targets initiative (SBTi) does not allow achieving short-term carbon reduction targets using carbon credits and by 2050 only up to 10% is allowed to be achieved through removal credits. Recently, the European Union also banned advertising of products and services as “carbon neutral” if the neutrality was achieved using carbon credits.
TT Club longtime Member PD Ports are a UK ports and logistics business with 12 sites across England ranging from Hartlepool in the North to the Isle of Wight in the South, and is part of the Canadian company Brookfield Asset Management Inc. $600 billion portfolio, which extends to over 30 countries across the globe.
Calculating emissions for ports
As the maritime industry moves slowly but decisively towards sustainability, ports and terminals occupy a uniquely influential position. They certainly face significant challenges, of course, how to decarbonise operations while enhancing operational efficiency and competitiveness, which is no small task. But they also have the opportunity to be a catalyst for broader change in the maritime industry, influencing shipping partners through targeted collaborations and initiatives like incentive schemes for visiting ships.
Volunteering can be defined as spending unpaid time to do something that benefits communities, the environment and charitable causes. Employer Supported Volunteering (ESV) can be attributed to companies that actively support and encourage their employees to take part in voluntary activities within their local communities, often during working hours. This allows organisations to have an impact across the communities in which they operate, with many employers introducing volunteering programmes as part of HR policies for employees, to support community organisations and charities with their time and skills. Volunteering activities may be physical activities, in-person skills-based opportunities, or can even be undertaken virtually for many charities.
How engineered cargo protection can dramatically improve your sustainability and ESG performance
Cargo securing is not only relevant to ESG because the international maritime industry incurs losses of about $6 billion each year because of incorrectly packed or documented cargo (TT Club 2021) but also because of the consequences of additional CO2 emissions generated for the reworks of damage products and subsequent additional shipments.
Freightsafe have reimagined safe and secure truck parking, with modular sites that can be delivered in just 3 months from first agreement, costing significantly less to procure than traditional parking sites and providing a more complete safety and security program for users.
Saving energy with eco-driving
The implementation of Rombit's DriveDigital Driver Coach in the logistics sector has yielded instant results, by promoting "eco-driving" in warehouses. This innovative solution not only enhances safety but also significantly reduces energy consumption, making it a win-win for logistics companies.
Recruiting and retaining talent
When speaking with Members and industry stakeholders, one clear challenge faced is around attracting young talent to the industry, training them and importantly retaining that resource. Woodland Group explains how apprenticeships can be the key to tackling this challenge.
TT Club and BSI have partnered for a number of years, particularly around the topic of supply chain security. BSI deliver world-class environmental, health and safety, security and sustainability services to the industry, and have become a key partner for TT Club in the context of the ESG toolkit.
TT Club identified RightShip as a key partner in delivering valuable insight and practical tools for Members to take their journey to net zero emissions. Focused towards port and terminal operators, RightShip provides access to a variety of risk solutions covering safety and sustainability. As a profit for purpose organisation, there are many synergies between TT Club and RightShip, both passionate about the industry we serve and assisting in the delivery of a sustainable future.
As a provider of sustainability tools built for freight forwarders, Pledge were identified as a key partner for TT Club in the delivery of the ESG toolkit. In particular, the addition of an emissions calculator enabling freight forwarders to add accredited emissions measurement, reporting and offsetting to their services. Providing global coverage across all modes of transport, Pledge’s tools are a valuable resource for all in the freight forwarding community.
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What is climate change?
Climate change refers to long-term alterations in Earth's average weather patterns, primarily driven by the increase in greenhouse gas concentrations in the atmosphere. These gases, such as carbon dioxide (CO2), methane (CH4), and nitrous oxide (N2O), trap heat from the sun that would otherwise escape into space, leading to a warming of the planet.
What is the Paris Agreement?
The Paris Agreement was signed by governments of over 190 nations in 2015, who agreed to limit global warming to less than 2 degrees C and attempt to limit it to 1.5 degrees C above pre-industrial levels. The agreement also extended the scope of reduction commitments to include emissions from international shipping and aviation. It mandated the International Maritime Organisation (IMO) and the International Civil Aviation Organisation (ICAO) to develop and implement binding measures to achieve comparable reductions in these modes of transport.
The quest of net zero is not an independent goal. It is fundamentally connected to the broader framework set out by the United Nation’s Sustainable Development Goals (SDGs). Therefore, targeting and delivering on your net zero goals contributes both directly and indirectly to the overall achievement of the SDGs.
As a result of escalating concerns over the consequences of global climate change, various regulatory frameworks have emerged. As scientific consensus solidifies around the human influence on rising temperatures, policymakers worldwide are facing an urgent mandate to design and implement measures that curtail carbon emissions, promote sustainable practices, and safeguard vulnerable ecosystems.
How to combat modern slavery
Modern slavery, also known as contemporary slavery, refers to various forms of exploitation and coerced labour, despite being legally abolished in most countries. This violation of human rights involves the control and ownership of individuals through various means, often depriving them of their freedom, dignity, and basic rights.
In brief, carbon offsetting involves compensating for emissions by supporting external projects, while carbon capture is about capturing and managing emissions directly from your own operations. Both approaches play a role in reducing a company's overall carbon impact, but they target emissions at different stages of the carbon lifecycle.
Sustainability reporting and accountability is an important component of climate change mitigation strategy. The Intergovernmental Panel on Climate Change (IPCC) reported in 2018 that industry is globally responsible for 21% of direct greenhouse gas emissions, one of the largest contributors measured. As societies plan the journey to net zero, it is essential for governments, investors and consumers understand how business contributes to emissions so that they can make informed decisions about how to govern, invest and consume. For this to happen, sustainability reporting must be standardised and accurate.
What are Science Based Targets?
Science-based targets initiative (SBTi) are specific, measurable goals that organizations set to reduce their greenhouse gas emissions in alignment with the latest climate science and the global effort to limit global warming. These targets are designed to ensure that emission reduction efforts are consistent with the goals of the Paris Agreement.
How to reach net zero emissions
As nations around the globe ramp up action their against climate change and move their economies towards net-zero greenhouse gas (GHG) emissions, new practices, opportunities and indeed challenges are likely to arise for their respective ports and logistics operations. However, every journey will be unique, knowing what to consider and where to start will be starkly different for a freight forwarder versus a port or container terminal.