The shipowner saw its profit reach a record level in the first quarter, and wants to deploy a fund to achieve its carbon neutrality objective.
The shipowner CMA CGM, which made a record net profit of 14.8 billion euros in the first half, will devote 1.5 billion to an energy fund intended to “accelerate the decarbonization of its activities“, said its CEO Rodolphe Saadé to the JDD. “We are going to deploy a special energy fund endowed with 1.5 billion euros over five years to accelerate the decarbonization of our activities worldwide“, announces the boss of the 3rd world shipowner, with 580 ships.
CMA CGM is committed to net carbon neutrality by 2050. Rodolphe Saadé has also indicated that he will participate in the green fund promoted by the government “by allocating part of (its) commitment to joint projects“.
Superprofits tax debated
Among the targets of a possible tax onsuperprofitsasked by the left opposition in France.
“I understand that the subject is put on the table“, he confided to the JDD. “But our results are not a windfall effect. They are the fruit of our past investments, which amount to billions to offer additional transport capacities to our customers.»
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The group has agreed to several gestures in recent months, including a further reduction in its prices on August 1, with in particular a reduction in its freight rates of 750 euros per 40-foot container to mainland France and the Overseas Territories, i.e. up to 25 % of its prices, instead of the 500 euros provided for previously.