CMA CGM Targets 10% Alternative Fuels by 2023, Carbon Neutral by 2050

CMA CGM, the world’s third biggest container shipping company by capacity, commits to reduce CO2 emission in sea transportation as called by the International Maritime Organization.

This French shipping company is targeting for 10 per cent of its energy supplies to be made up of alternative fuels by 2023 and aims to become carbon neutral by 2050, top leader executive has said.

Speaking to the UN Global Compact Online Conference recently, CMA CGM chairman and chief executive Rodolphe Saade recalled the CMA CGM Group commitment for a more balanced globalization, which contributes to Economic and Social development, whilst respecting humanity and protecting the planet.

“Our energy supplies will include 10% alternative fuels by 2023 and our 2050 objective is to be Carbon Neutral,” Saade said as highlighted in a press release statement.

On June 2nd, 2020, Rodolphe Saadé was a key speaker at the UN Global Compact. Other speakers participated including Deputy UN Secretary-General Amina Mohammed, Prime Minister of Norway Erna Solberg, UN Secretary-General’s Special Envoy for the Ocean Peter Thomson, the Secretary General of the International Maritime Organization Kitack Lim, and Director General of WWF International Marco Lambertini.

“This is a new step for our Group, which is on track to reduce by 40% its CO2 emissions per tonne transported per km by 2030, a target set by the IMO.”

“In 2019, we reduced our total CO2 emissions by 6%. These significant reductions were made possible thanks to our mobilization, the technological innovations implemented and an improved management of vessels operations,” he further said.

The French group, privately controlled by the Saade family, said that as a world leader in shipping and logistics committed to energy transition, CMA CGM Group has a major role to play in order to achieve a more resilient future.

The year 2020 will also see the launching of the new 23,000 TEU LNG-powered vessels, confirming CMA CGM’s ambition for the energy transition of the shipping industry.

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