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Thermo King plans on halving global warming potential of its transport refrigeration

Thermo King, the transport refrigeration brand of global climate innovator Trane Technologies, announced it will be first in the industry to transition to a lower global warming potential (GWP) refrigerant as standard in its truck and trailer units.

The enhancements to our trailer and truck units are important to decarbonizing the refrigerated fleets that deliver life-sustaining cargo, including foods and medicines, to people around the world.

—Karin De Bondt, President, Thermo King Americas

This will reduce the carbon footprint of refrigerants used by its customers’ long-haul, middle-mile and last-mile delivery fleets by nearly 50% or approximately 650,000 metric tons of CO2e annually, equivalent to the emissions of 143,000 passenger vehicles per year.

With its 2030 Sustainability Commitments, Trane Technologies is helping solve for some of the world’s biggest sustainability challenges. These commitments include the Gigaton Challenge and leading by example with carbon-neutral operations across its own global footprint.

Read the press release here.

DP World: 'Fairness and sustainability'

Ahead of the Annual Meeting 2022, here are the latest insights from HE Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World.

"The world's recovery must be based on two values: fairness and sustainability. No one should be left behind, and economic revival cannot be at the cost of our planet.

If there is one thing that this pandemic should have taught us, it is the power of collaboration. It has taken an unprecedented global effort to identify and develop treatments, medications, and vaccines to fight the pandemic. Now governments, businesses, NGOs, and communities must join once again and forge a path to the future with sustainability at its core.

This is no easy task, as the recent COP26 conference in Glasgow has demonstrated. Climate change has placed commercial and political interests under the microscope and revealed more than a few uncomfortable truths in the process.

Closing the trust gap

Today, businesses are amongst the most trusted institutions globally; employees and civil society expect business leaders to drive, develop, and deliver innovative solutions to create a better and fairer world. However, when it comes to issues such as climate change, the public expects governments to take the lead. However, neither can solve the challenges by themselves.

Businesses and governments worldwide must look in the mirror with honesty and openness, identify the trust gaps, understand why they exist and work to close them – not by words but by actions.

Davos: a platform for change

For that, we need platforms like the World Economic Forum, which has been a vital place for dialogue and a catalyst for meaningful change for many years. Now all of us – in business, government, and civil society – must leverage this platform to develop actionable strategies and practical solutions to today's challenges.

Businesses, each with their specialisms and areas of expertise, have a vital role to play. DP World, for example, possesses substantial knowledge in global logistics; that is why we have partnered with UNICEF to help distribute critical supplies to the countries and people that need them to combat this pandemic. The partnership arose from a dialogue born out of the World Economic Forum.

As the Forum expands its platform, with sessions around the world, it exposes more people to these substantive discussions, leveraging the strengths of this platform. Moreover, it drives the agenda for Davos through sessions like the recent meeting with Professor Klaus Schwab, whom I recently had the honour to host in the DP World Flow Pavilion at EXPO 2020.

Sustainable recovery

The power of global trade is one of the best tools to reduce poverty by building prosperity. Importantly, however, cross-sector and public-private partnerships are critical to ensure that the economic recovery from this pandemic reaches the hardest-hit people and communities.

Through it all, sustainability cannot fall between the cracks. This became abundantly clear to me when I attended the recent COP26 discussions. I also had the honour to meet the winners of the Earthshot prize, which DP World proudly supports. It is an important initiative that rewards innovative people, organisations and countries that lead the way in repairing our planet.

Speaking with the award's patron, HRH Prince William, left me feeling inspired and filled with a sense of optimism for the future. Thanks to initiatives such as these, I am confident that our world can tackle the challenges ahead by working together.

Ultimately, history will judge us all for our role in addressing these critical issues. For a world that is not just rebuilt but built better.

I call on governments and businesses to contribute their strengths and join in creating and accelerating innovative solutions that will not only help society but protect our planet – for this generation and the next.

Now is the time for action."

DHL Global Connectedness Index: Globalization is proving resilient

DHL and the NYU Stern School of Business have released the 2021 update of the DHL Global Connectedness Index. This report provides a fresh view on the impact of the pandemic on globalization by analyzing international flows of trade, capital, information and people.

After steeply plummeting early in the pandemic, global trade in goods has set new records in 2021. Foreign direct investment flows shrunk in 2020, but are on track for a full recovery in 2021. International travel fell 73% in early 2020, but there have been glimmers of recovery starting in mid-2021.

"We have been analyzing the various international flows worldwide for years and after 1.5 years of the pandemic, we can now safely assure: the pandemic has not caused globalization to collapse."

—John Pearson, CEO DHL Express

The report also examines five models of countries (Mexico, The Netherlands, Sierra Leone, The United Arab Emirates, Viet Nam) that have stood out for their strong or rising connectedness over the past two decades.

Read more here

McKinsey: 4 things you need to know about shipping rates now

Find out:

  • How changing consumption patterns in the United States are driving up demand for shipping and causing congestion in ports and the surrounding hinterland infrastructure
  • How the COVID-19 pandemic has led to port lockdowns and container ships being taken out of service, resulting in an overall reduction in shipping capacity
  • Why the industry’s response of aggressively adding supply may not be the wisest move
  • The longer-term implications of the boom-and-bust cycle of shipping rates and when rates could be expected to normalize

UPS: retro-thinking for sustainable last-mile delivery

"In 1907, two teenagers with one bicycle between them started a business running errands, shuttling notes and telegrams and making home deliveries by foot and by bike. Eventually, their fledgling messenger service became what is now UPS.

"More than a century later, we are back on our bikes. More specifically, electrically-assisted cycles (e-cycles).

"Equipped with battery-powered electric motors and customized, modular load containers, UPS e-cycles allow us to service dense city centers more efficiently. Whether with three wheels or four, these e-cycles are a growing part of our fleet of more than 10,300 alternative fuel and advanced technology vehicles deployed worldwide..."

Read more here.

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