Our investment in Signol – An employee engagement platform to decarbonize shipping
The maritime industry currently accounts for a relatively small share of global CO2 emissions – between 2% and 3% according to S&P Global Platts Analytics – but some scientists have projected that maritime shipping could account for 17% of total annual CO2 emissions by 2050. While there are signs of progress, the shipping sector faces some unique challenges. Zero-carbon fuels and technologies are currently not available at the size, scale or price the industry needs for wide-scale adoption.
Signol enables immediate fuel and emissions savings at a time of mounting pressure on the industry to decarbonize. It is potentially one of the cheapest and fastest ways to save greenhouse gas emissions in maritime, aviation and potentially other industries while also improving employee satisfaction and retention.
Signol uses a combination of behavioral science and data analytics to help aircraft pilots, ship captains and chief engineers to make measurable fuel and emissions savings while providing valuable performance feedback.
Signol’s approach differs significantly from traditional fuel optimization software tools that do not focus on or outright neglect the human element in translating fuel consumption data and business intelligence into actual, measurable fuel savings. The problem that Signol is addressing is not one due to a lack of awareness or information, it’s basically a motivation problem.
“In this time of climate crisis, we need quick and efficient solutions to prevent excess greenhouse gas (GHG) emissions. Operational efficiency technologies are a critical part of avoiding the 1.5°C tipping point, because many can be scaled right now.
Motivating improved fuel efficiency of people who make regular decisions that affect GHG emissions, such as ships’ captains or airline pilots, is a scalable, pro-profit and low disruption way to save an enormous amount of GHG emissions and fuel costs, very quickly. Signol is a proven and rigorous solution to realise these benefits at scale in shipping and aviation, by using a unique blend of behavioural science and data analytics. We believe this is the most cost-effective way today to reduce GHG emissions for any technology, because we help profits as well as environmental outcomes.
We’re proud to have the support of a growing number of maritime experts who are beginning to realise the potential of what we can do for shipping. TecPier is one such organisation, and has been awesome, enthusiastic and extremely supportive from day one. We are grateful for their help and can’t wait to deliver value with them,” says Daniel White, co-founder and CEO of Signol.
“Signol enables immediate fuel and emissions savings at a time of mounting pressure on the industry to decarbonize and put ESG policies and frameworks into practice. It is potentially one of the cheapest ways to save greenhouse gas emissions in shipping and other industries while also improving employee satisfaction and retention. We are excited to be part of their journey,” comments Tim Reinsch, Managing Partner at TecPier.
More information can be found at: https://www.signol.io/
 S&P Global, “Your climate change goals may have a maritime shipping problem”, 3rd June 2021, https://www.spglobal.com/esg/insights/your-climate-change-goals-may-have-a-maritime-shipping-problem