CMA CGM Group receives award for commitment to sustainable development
The CMA CGM Group has been awarded a Platinum medal by EcoVadis, a rating agency that assesses the social and environmental responsibility of companies, for the continuous progress it has shown in the sustainable development arena.
Committed to the ecological transition and the protection of the environment, CMA CGM aims to be Net Zero Carbon by 2050. To achieve this goal, the Group has set up several pioneering actions based on three inseparable pillars: respect for people, preservation of the environment, and the development of responsible trade. The Group’s ambition is to be a leader in carbon-free logistics solutions across its entire value chain. The actions undertaken by CMA CGM have thus enabled the Group to reduce its CO2 emissions per km and per container by 48% between 2008 and 2021, as per a release.
In September 2022, CMA CGM decided to establish an Energies Fund to accelerate the decarbonisation of its operations. The Fund, which is to be endowed with €1.5 billion over 5 years, will speed up initiatives supporting the industrial production of new fuels, low-emission mobility solutions across all the Group’s activities and energy efficiency programs.
EcoVadis rates over 85,000 businesses around the world based on 21 criteria in four key areas—environment, working conditions, business ethics and supply chain. It awards one of four different rating levels (bronze, silver, gold or platinum) depending on each company’s score. CMA CGM Group has been awarded the Platinum medal, the highest possible distinction, for the third consecutive year, the only worldwide shipping company to earn this achievement, the release added.
Source: Exim News Service: Marseille, Dec. 4