- Moeve becomes the first company in its sector in Spain to join the First Movers Coalition (FMC).
- Pledges to power 5% of its deep-sea shipping fleet with zero-emission fuels by 2030.
- Aims to reduce CO2 emissions by 55% and energy product carbon intensity by up to 20% by 2030.
- Focuses on developing green hydrogen and sustainable biofuels as part of its Positive Motion strategy.
During the annual meeting in Davos, Moeve CEO Maarten Wetselaar signed the company’s membership in the First Movers Coalition alongside World Economic Forum President Børge Brende. This step cements Moeve’s (formerly CEPSA) position as a leader in the energy sector’s transition to sustainability. The company has committed to powering 5% of its deep-sea shipping fleet with zero-emission fuels by 2030 and reducing emissions across its operations.
The First Movers Coalition: A Global Initiative for Change
The FMC, launched at COP26, focuses on decarbonizing heavy-emitting industries like shipping, aviation, and steel production. Moeve’s membership strengthens the Coalition’s efforts to establish zero-emission supply chains by 2030 through innovation in technologies like green hydrogen and second-generation biofuels.
Sustainable Investment as a Strategic Priority
Moeve’s Positive Motion strategy emphasizes sustainability, with over 60% of investments dedicated to green initiatives. By 2030, the company aims to generate more than half of its EBITDA from sustainable activities, further demonstrating its leadership in the global energy transition.
Global Collaboration for a Net Zero Future
CEO Maarten Wetselaar highlighted the significance of collaboration in tackling climate challenges. Moeve’s participation in the FMC underlines its commitment to innovation and sustainable growth. World Economic Forum President Børge Brende welcomed Moeve as the 102nd member of the Coalition, recognizing its leadership in advancing the energy transition.
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Source: CEPSA
