Global logistics company Grimaldi Group has received the largest number of carbon credits to have been issued through a landmark initiative developed by AkzoNobel’s marine coatings business, the supplier of International coatings.
Grimaldi – which specialises in maritime transport – was presented with a total of 109,617 carbon credits through the award-winning programme, which rewards ship owners for converting to sustainable hull coatings, such as those available in AkzoNobel’s International range.
Each carbon credit represents the avoidance of one ton of CO2 being emitted to the atmosphere. The credits can either be sold on the carbon markets – where they are valued in excess of $500,000 based on current prices – or can be used to offset emissions from other parts of an organisation.
Paul Kyprianou, Grimaldi Group’s External Relations Manager, said: “Being awarded the largest ever issue of carbon credits demonstrates Grimaldi’s commitment to its social and environmental responsibilities, and to pioneering the market in developing transport and logistics solutions that are founded on sustainability. The shipping industry is under significant pressure to improve operational and environmental efficiencies and AkzoNobel’s carbon credits program is an initiative that can play a significant role in helping achieve this.”
Dr André Veneman, Director of Sustainability, AkzoNobel, is pictured presenting 109,617 carbon credits to Dario Bocchetti, Corporate Energy Saving Manager, Grimaldi Group. The presentation marked the largest number of carbon credits to have been issued through a landmark initiative developed by AkzoNobel’s marine coatings business, the supplier of International coatings.