• Our activities
  • Industry support

We will continuously work towards reducing our carbon emissions through energy efficiency measures, renewable energy adoption, and the use of low-carbon technologies. 

In 2021, we signed up to the Science Based Targets Initiative. This initiative drives ambitious climate action in the private sector by enabling organisations to set science-based emissions reduction targets. We have a long and proud heritage of doing the right thing and founding members of the UNGC Action Platform for Sustainable Ocean Business and signatory to the Ten Principles of the UNGC.

We are focusing on high priority areas that will allow us to decrease our GHG emissions further:

Lloyd's Register Foundation initiatives 

Resilience Shift
We ran a five-year programme with Arup, the Resilience Shift, to assure the future of critical infrastructure through innovative, creative and sustainable solutions. This connected 450 organisations, dispersed more than 40 grants totalling over £2 million and created and shared more than 50 freely available publications, knowledge products and digital tools. These all help people working in infrastructure to apply resilient practices.
Resilience Rising
We are now continuing this under Resilience Rising. We know that no one can solve these challenges on their own, and Resilience Rising, which we provide the core funding for, is bringing together multiple communities of practice under a shared purpose to reorient how we think about and influence change. This will result in better use of resources and time, resilient practices across sectors and new ideas, research and innovation for high impact solutions.

We are committed to zero emission shipping by 2050 and our goal is to have zero emission vessels entering the fleet in 2030.  

This is aligned with the Race To Zero 2030 breakthrough goal of 5% zero emission fuel in international shipping by 2030. We work with real-economy actors to enable them to take near-term action.

We will do this by leading at least two first mover programmes to create green corridors, which are zero emission routes between two or more ports. These will be implemented by the middle of the decade, the first one is the ‘Silk Alliance’, and will provide the assurance of zero emission tonnage. The Silk alliance includes stakeholders across shipping, fuel supply, ports and finance. It is a Green Corridor Cluster. The word cluster is missing. An implementation plan and progress report and open letter was published during COP29.

Our credibility is underpinned by taking climate action on our GHG footprint. We’re committed to an ambitious science-based target that ensures our own decarbonisation journey is aligned to a 1.5°C world and we will bring forward our zero-emissions goal to at least 2040. We know our funding, research and professional services can help lead to a decarbonised shipping sector.

How we are adding value

LR's Maritime Decarbonisation Hub is a joint partnership between LR and LRF which accelerates the sustainable decarbonisation of the maritime industry by enabling the delivery and operation of safe, technically feasible and commercially viable zero-emission vessels by 2030

Industry training

We recognise that reskilling and upskilling the workforce is integral to transitioning the industry to a zero-emission value chain of new fuel production and distribution, and building the new infrastructure to support it. Through partnerships we want to ensure a just transition for the workforce – where jobs are safe and decent, and do not propagate existing inequalities or create new ones.

For this reason, we are a funding partner of the Just Transition Maritime Taskforce. It comprises the International Maritime Organization (IMO), the International Chamber of Shipping (ICS), the International Labour Organisation (ILO), the International Transport Workers Federation (ITF) and the UN Global Compact (UNGC), and will lead efforts to ensure that the transition to a decarbonised industry is safe and inclusive.

Lloyd's Register Foundation

The LR Foundation will fund the delivery research that assesses the reskilling and upskilling needed to operate and handle zero-emission ships and fuels without compromising safety. It will also provide actionable recommendations to revise existing international legislation governing training and social standards for seafarers, by COP27.

Foresight Review of Ocean Safety: This review looks at how can we keep our oceans safe and sustainable as the economic activity they support grows.

Download report

Engineering X

Alongside the Royal Academy of Engineering, Lloyd’s Register Foundation launched, funded and supports Engineering X, an international collaboration that brings together some of the world’s leading problem-solvers to address the great challenges of our age.

Since launching the initiative in 2019, we’re part of a collaboration with experts to understand and apply practical interventions that will improve safety at the end of engineered life. From training to improve worker safety in ship recycling facilities in Bangladesh, to assessing the risks of structural failure of decommissioned offshore structures, the projects will tackle priority global safety issues.

Engineering X