ClassNK conducts independent verification of Iino Marine Service’s GHG emissions based on reasonable assurance

28 August, 2015 – Tokyo – Leading classification society ClassNK (Chairman and President: Noboru Ueda) has carried out the independent third-party verification of Iino Marine Service’s greenhouse gas (GHG) emissions inventory based on a reasonable level of assurance. ClassNK’s verification was performed according to the requirements specified in ISO 14064 and under the observation of a registered accreditation body.

Mr. Fujiwara giving Mr. Oshima the verification statementMr. Fujiwara giving Mr. Oshima the verification statement.
Left: ClassNK Executive Vice President Mr. Koichi Fujiwara.
Right: Iino Marine Service President Hisahiro Oshima.

Recently, as concern surrounding global warming heats up, environmental management is no longer limited to investors. There is an ongoing rise in companies that undergo business evaluation from stakeholders and openly disclose how they are tackling environmental issues. According to the International Maritime Organization (IMO), international shipping accounted for around 2.2% of the total global GHG emissions in 2012. More companies are now going beyond regulations such as the Energy Efficiency Design Index (EEDI) and are making an effort to voluntarily reduce their emissions footprint even further.

Iino Marine Service drew up an emissions report (from 01/04/2013 to 31/03/2014) based on ISO 14064-1 (Specification with guidance at the organization level for quantification and reporting of greenhouse gas emissions and removals) which quantifies the total emissions from the 50 or so vessels it manages and the Iino Marine Service office. ClassNK then carried out the verification of this report in line with ISO14064-3 (Specification with guidance for the validation and verification of greenhouse gas assertions).

The verification’s ‘reasonable level of assurance’ means that ClassNK recognizes that the emissions as declared in the organization’s GHG report were accurate, complete, and meet all of the relevant criteria. The verification certifies that an extremely stringent and comprehensive evaluation was carried out on Iino Marine Service’s emissions report. In addition, the ClassNK verification process and verifiers’ ability were approved by The Japan Accreditation Board (JAB), a world-leading accreditation body, and the verification based on ISO 14065 (Requirements for greenhouse gas validation and verification bodies for use in accreditation or other forms of recognition) was confirmed.