PARIS (Reuters) – CMA CGM, one of the world’s leading container shipping companies, is planning to launch a 1.5 billion euro energy fund to decarbonize its operations, its CEO Rodophe Saad announced in the Journal du Sunday.
“We are going to deploy over five years a special energy fund endowed with 1.5 billion euros in order to accelerate the decarbonisation of our activities throughout the world”, he said.
In a press release, the group subsequently specified that the fund will notably accelerate the emergence of alternative fuel production units for its ships – including projects already launched in biomethane -, the electrification of port terminals, warehouses and land vehicles – with an equipment program of 1.8 million square meters of photovoltaic panels – and the sobriety and energy efficiency of working methods.
“At the scale of France, this sobriety and efficiency pillar should allow the CMA CGM Group to achieve 10% energy savings during the winter of 2022-2023”, can we read in the press release.
Asked about the idea of a green fund matched by companies to finance the ecological transition, Rodolphe Saad replied: “I will participate in this green fund by allocating part of our commitment to joint projects”, without further details.
(Gilles Guillaume, said by Camille Raynaud)