The BMW Group is the first automobile manufacturer worldwide to join the Ship Recycling Transparency Initiative (SRTI). This independent platform, launched in March 2018 by the Sustainable Shipping Initiative, aims to improve measures, transparency and awareness relating to the issue of ship recycling.
The SRTI adopts a voluntary market-driven approach to sustainable ship recycling practices. As an online platform, it promotes exchange of information on ship recycling practices and guidelines, and helps ensure greater transparency in the maritime sector. The Initiative takes the interests of all its members into account in its efforts to find joint solutions and establish a new standard for responsible ship recycling.
The move signals the BMW Group’s commitment to more sustainable organization of transport logistics.
The BMW Group is taking a holistic approach to implementing its sustainability goals that encompasses the entire value chain. As a global organisation, the company relies on a multifaceted logistics network, with tasks that range from transporting vehicle parts to plants (inbound logistics) to distributing finished vehicles to customers (outbound logistics).
Sea logistics plays an important part in this. The BMW Group therefore is making organizing its sea logistics in a responsible manner a priority—especially with respect to recycling practices for ships.