Weekly Newsletter

08 March 2024

Weekly Newsletter

08 March 2024

Nike signs biofuels agreement with CMA CGM

The US apparel company is hoping to reduce CO2 emissions as part of its Move to Zero initiative on net zero emissions.

Noah Bovenizer March 05 2024

Sport and fashion giant NIKE has partnered with CMA CGM on the use of more sustainable shipping fuels by purchasing biofuels for use with 36% of its cargo carried with the company. 

The eleven-month deal, part of CMA CGM’s ACT range of low carbon solutions, hopes to reduce CO2 emissions for Nike shipments by 25,000t as part of both companies aim to achieve net zero emissions by 2050. 

Olivier Nivoix, executive vice president of CMA CGM Group Lines, said: “Collaborating with a key player like Nike and taking this major step towards decarbonization is an important achievement.  

“We are confident that our success will act as a catalyst, encouraging other carriers and customers to join us on this path to accelerate the transition towards a Net Zero industry.” 

The French company’s 'ACT With CMA CGM' range of solutions was launched in 2020 to “support customers in decarbonising their supply chain” and also covers other alternative fuels such as LNG and biomethane. 

However, while CMA CGM has touted its efforts to reduce emissions, the company received a D grade on Ship It Zero’s decarbonisation scorecard in mid-2023, which particularly highlighted concerns over the industry’s reliance on biofuels and expressed scepticism over their role as a scalable solution for maritime’s needs. 

Nike’s use of biofuels with CMA CGM is part of the company’s Move to Zero initiative, which has included a range of partnerships around sustainability in the shipping industry, including its charter of Future Proof Shipping’s H2 Barge 1, the first hydrogen-powered zero-emission inland container ship.

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close