The Importance of Building Institutional Capacity for a Sustainable Future
Recent decades have shown that global trade is a powerful force for good.
It has boosted productivity and living standards, tripling the size of the global economy and lifting 1.3 billion people around the world out of poverty. It is an enormous privilege that our operations contribute to this impact by making trade flow around the world, helping towards the equitable distribution of economic opportunity.
However, it is increasingly clear that this growth is not without consequences. One of the largest challenges we face — for our industry and many others — is the impact on the world around us. The scale of energy required to make, move — our oceans carry more than 80% of the global trade volu
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