CMA CGM is proposing a fund with an intervention capacity of 200 million euros to contribute to the greening of the French shipping industry. The shipowner and logistics operator's Energies fund has been mobilized to finance this private initiative, two out of three envelopes of which will be managed by the public agency Bpifrance.

CMA CGM, an international transport and logistics group, is launching a 200 million euro endowment fund to finance the decarbonization of the French maritime industry (mainland France and overseas territories).

The project is fairly broad-based, targeting fishing, passenger transport and yachting, as well as sea freight, ports and terminals. The entire amount will be provided by Pulse, CMA CGM's Energy Fund, created in 2022 with a budget of 1.5 billion euros over five years.

As a leader, it is our responsibility to support our industry's decarbonization efforts,” says Rodolphe Saadé, Chairman and CEO of CMA CGM. That's why I wanted our group to allocate 200 million euros to an endowment fund to help, with the support of Bpifrance, to identify and finance the most innovative and successful projects in this field.”

Three financial envelopes available

Operational since this month, the fund has divided its 200 million euros into three distinct envelopes. 130 million euros in subsidies are earmarked for the maritime sector. They will be managed by Bpifrance and used to finance French companies looking to accelerate their decarbonization.

20 million euros of this first envelope will be dedicated to French fishing companies to help them decarbonize their vessels. 50 million euros will be earmarked for investment and managed by Bpifrance Investissement to make equity and quasi-equity investments in French small and medium-sized enterprises (SMEs) in the sector wishing to rapidly decarbonize.

Finally, 20 million euros will be injected into maritime research, managed directly by the endowment fund to subsidize research institutes and centers.

Corimer, Armateurs de France, Gican, Cluster maritime Français, Meet2050, Comité national des pêches and Rothschild, seven members from the maritime and financial sectors, will form a steering committee responsible for deciding on the guidelines for the endowment fund's intervention policy.

Olivier ROUSSARD