NEW DELHI: Allcargo Group, a global leader in logistics headquartered in Mumbai, has launched its 2023-24 Environmental, Social, and Governance (ESG) report, underscoring its commitment to sustainability and responsible business practices. The report, themed “Charting Sustainable Pathways with Ingenuity,” highlights the group’s goals and progress toward achieving carbon neutrality by 2040.
Shashi Kiran Shetty, Founder & Chairman of Allcargo Group, expressed his enthusiasm about the ESG report, emphasizing the company’s dedication to creating long-term value for people, the planet, and stakeholders. He stated, “This report reflects our steadfast commitment to building a sustainable and inclusive future. Sustainability goes beyond compliance—it’s about driving innovation, adopting green practices, and fostering collaborations that will shape a future where business growth and sustainability go hand in hand.”
Allcargo Group’s ESG goals focus on three core pillars—Environment, Social, and Governance—aiming to align its strategies with India’s broader climate goals. The country has set ambitious targets to achieve net-zero emissions by 2070 and reduce emissions intensity by 45% by 2030.
Allcargo is actively working to reduce its carbon footprint with a target of carbon neutrality by 2040. Notable initiatives include the adoption of renewable energy at its facilities, with a focus on doubling solar energy consumption and converting its entire fleet of Material Handling Equipment (MHEs) to electric. The company also highlighted its role in sustainable ocean freight practices through ECU Worldwide, offering renewable fuel options for maritime transport that can reduce CO2 emissions by up to 100%.
The group continues to make strides in promoting diversity, equity, and inclusion (DEI) while enhancing employee safety and community development. Through initiatives aligned with the United Nations Sustainable Development Goals, Allcargo focuses on health, education, sustainable cities, and marine conservation. Allcargo Gati, part of the group, aims to convert its entire first and last-mile delivery fleet to alternative fuels by 2026.
Allcargo Group is committed to maintaining the highest ethical standards in its operations. The company has enhanced its corporate governance with robust cybersecurity measures and an ISO 27001:2022 certification for data security. The group also adheres to the Greenhouse Gas (GHG) Protocol for emissions reporting and reduction.
The group’s commitment to sustainability is reflected in its strong performance in the S&P Corporate Sustainability Assessment (CSA) for FY 2023, where Allcargo achieved a fourfold increase in its score compared to the previous year. This achievement highlights the company’s determination to integrate sustainability into its core business operations.
In line with its vision, Allcargo is making substantial investments in cleaner fuels and renewable technologies, with a focus on energy and emissions reductions across its global facilities. The company’s digital platform ECU360, developed by ECU Worldwide, plays a crucial role in optimizing shipping transactions and reducing paper usage, further supporting its sustainability efforts.
With a focus on innovation and sustainable growth, Allcargo Group continues to drive progress towards its long-term ESG goals. As the company looks to meet its 2040 carbon neutrality target, it remains committed to fostering a sustainable, inclusive future through strategic partnerships, technological advancements, and responsible business practices.
Allcargo Group, founded over three decades ago, operates in 180 countries and is one of India’s largest integrated logistics providers. Its subsidiaries include Allcargo Logistics Limited, Gati Limited, and ECU Worldwide, offering end-to-end logistics solutions with a digital-first approach. Through these efforts, Allcargo Group aims to be a leader in sustainability while ensuring continued success in the global logistics industry.
