CMA CGM has launched a Special Fund for Energies, backed by a five-year budget of US$1.5 billion, to accelerate its energy transition and achieve net zero carbon by 2050.
More specifically, the Fund will invest to support the industrial production of new fuels, as well as low-emission mobility solutions across the Group’s business base.
“The CMA CGM Group has been acting to protect the environment for many years. It is at the heart of my convictions and of our strategy. However, in the face of the climate emergency it is our duty to do more and accelerate our actions,” emphasised Rodolphe Saadé, chairman and CEO of the CMA CGM Group.
The fund focuses on four pillars. The first is to support the development and production of renewable fuels. The second is about accelerating the decarbonisation of port terminals, warehouses and truck fleets.
The third is to support, test and initiate projects at the cutting edge of innovation and the fourth and last, is to pursue energy savings and improve the energy efficiency of CMA CGM employees’ working methods and daily mobility.
“This fund will enable us to make substantial investments in innovative projects to decarbonize our business. We have allocated the resources needed to accelerate our energy transition and that of the entire shipping and logistics industry,” said Saadé.
