CMA CGM creates fund to accelerate energy transition in shipping and logistics

The CMA CGM Group has announced that it is creating a Special Fund for Energies, backed by a five-year, USD 1.5 billion budget, to accelerate its energy transition and achieve net-zero carbon by 2050. 

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 (maritime, overland and air freight shipping; port and logistics services; offices). It will help to support a global innovation platform developed alongside large corporations, SMEs, start-ups, and the academic and scientific community.

Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, said:

"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.”

The Special Fund for Energies will invest in innovative projects to secure the supply of renewable energies and explore new solutions and prototypes to meet the ambitious decarbonization targets being pursued across the CMA CGM organization.  

• First focus: Supporting the development and production of renewable fuels 
• Second focus: Accelerating the decarbonization of port terminals, warehouses and truck fleets  
• Third focus: Supporting, trialing and launching projects at the cutting edge of innovation
• Fourth focus: Pursuing energy savings and improving the energy efficiency of CMA CGM employee working methods and daily mobility 

The Fund will be backed by a USD 1.5 billion budget and managed, starting in October 2022, by a dedicated team bringing together some of the Group’s most talented engineers, energy experts, financial analysts and project managers. Operating as a cross-functional organization covering all the Group’s operations and divisions, it will guide the Group's overall strategy towards developing low-carbon energy solutions and accelerating their implementation. 

The CMA CGM Group has always considered its financial performance inseparable from its social responsibility and environmental performance. It is deeply committed to leading the way in decarbonizing the shipping and logistics industries by pioneering innovative, eco-friendly technologies. To do so, it is engaging an ecosystem of start-ups, R&D projects and a vast array of innovative stakeholders and next-generation tools. 

Thanks to this Group-wide engagement, the Fund will give project champions and our industrial partners the visibility – via the Group’s demand for low-carbon energy sources – and the financial resources – via the fund's investments – they need to make these solutions widely available as quickly as possible.