Volkswagen Group Logistics joins Ship Recycling Transparency Initiative

The SRTI enables cargo owners such as Volkswagen Group Logistics, financial stakeholders and others to use data provided by shipowners to inform their decision making, creating demand for responsible ship recycling and rewarding good practice through a voluntary market-driven approach.

Simon Motter, Head of Volkswagen Group Logistics, said: “An important component of our responsible actions is the careful use of resources. That is why it is important to us as Volkswagen Group Logistics to support and promote issues such as sustainability in shipbuilding, ship recycling and maritime transport as a whole.”

The Ship Recycling Transparency Initiative (SRTI) is an independent initiative hosted by the Sustainable Shipping Initiative. It reflects a collective effort that brings together the shipping industry, investors, cargo owners and broader stakeholders to improve ship recycling policy, practice and performance.

“Addressing challenges in ship recycling is a shared responsibility, and we are glad to have Volkswagen Group Logistics join the SRTI community and lead by example, showing how cargo owners can be aware of and take responsibility for their full supply chain, going above and beyond what is required,” said Andrew Stephens, SRTI’s Executive Director. “We look forward to working with VW Group Logistics to raise the profile of this issue and bring awareness to others who may want to consider how the vessels that carry their cargo are being recycled.”

Volkswagen Group logistics is the 31st signatory of the initiative.

In June 2021, Crowley Maritime Corporation become the 13th ship owner-operator and the first in the USA to publicly disclose its ship recycling policies, practices and process through the SRTI.