CMB’s CO2 Pledge: Net Zero as from 2020 – Zero in 2050

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(Image Courtesy: CMB)

Compagnie Maritime Belge (CMB) on Friday (January 24) announced its long-term CO2 reduction strategy:

  1. All carbon emissions from CMB operations will be completely offset as from 2020
  2. CMB will invest in new technologies to operate a zero carbon fleet by 2050

Net zero as from 2020:

CMB has offset all its CO2 emissions in order to have net zero CO2 emissions as from 2020. CMB has done this by supporting certified climate projects in developing countries and acquiring high quality Voluntary Carbon Units (VCU’s) in Zambia (agro-forestry, SALM, REDD+), Guatemala (REDD+) and India (wind and solar parks).

Reducing Emissions from Deforestation and Forest Degradation (REDD+) COMACO Landscape Management

Project in Eastern Province, Zambia – Picture taken on a CMB field trip 7th of January 2020

Zero in 2050:

Furthermore, CMB is of the opinion that it can achieve zero carbon emissions from its shipping operations in 2050. Even though many low and zero carbon technologies are still in the early stages of their development – and today there are unfortunately no economically viable alternatives to diesel – CMB is convinced that the shipping industry will find solutions to provide zero carbon shipping by 2050.

CMB’s CO2 strategy:

As long as CMB’s fleet is not powered by 100 % zero-carbon fuels, CMB will offset its remaining CO2 emissions.

Zero carbon ships and engines:

CMB is already investing heavily in the development of low and zero carbon ships and engines, and fully supports the many different industry initiatives that want to join forces to develop the technologies needed to reduce shipping’s carbon footprint.

The HydroTug, the world’s first hydrogen-powered tugboat, is developed by CMB.TECH and will be delivered in 2021 to the Port of Antwerp.

As we will bring concrete zero-carbon projects to life in the coming months and years, we will continue to actively engage and cooperate with other shipping companies, our customers, our suppliers, our banks and national and international politicians to achieve zero carbon shipping.

125 years:

This announcement marks the start of CMB’s 125th anniversary year and is a testimony to our long-lasting and continued belief in the power of global trade and human creativity. Sustainable shipping brings peace and prosperity to all corners of the world.

Compagnie Maritime Belge: CMB was founded in 1895 and is a diversified shipping group based in Antwerp, Belgium. CMB owns and operates more than 90 sea-going ships. Bocimar controls 54 dry bulk carriers in the Capesize, Post-Panamax, Panamax and Ultramax segments. Delphis owns 25 medium-sized container ships, of which 15 are ice-classed. Bochem owns and operates 9 chemical tankers between 19.000 and 33.000 dwt. CMB is also involved in Innovation and Development (CMB.TECH) and real estate (Reslea, Maritime Campus Antwerp). CMB has offices in Tokyo, Singapore, Hong Kong, Hamburg and Brentwood.

CO2logic: In developing its zero carbon strategy, CMB has been assisted by CO2logic. CO2logic is Brussels-based and one of the European leaders in the voluntary carbon sector. It develops climate projects where it is mostly needed, impactful and both climate & cost-efficient.

Sea News, January 27

Baibhav Mishra
Author: Baibhav Mishra

Associate Editor, Sea News