Panama Canal names first Chief Sustainability Officer as drought affects traffic
The Canal is currently finalising its greenhouse gas emissions and climate risk assessments, and plans to set new short, medium and long-term targets from 2025.
The Panama Canal has appointed Ilya Espino de Marotta as its first Chief Sustainability Officer, in the midst of a severe drought that could cost it up to US$700 million this year.
The Canal is currently finalising its greenhouse gas emissions and climate risk assessments, and plans to set new short, medium and long-term targets from 2025, with a goal to achieve net zero emissions “by or around 2050”. The new CSO will lead the development of a sustainability strategy “focused on decarbonization, adaptation, and transition”.
