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GRIMALDI GROUP CONTINUES ITS SUSTAINABLITY JOURNEY

Thursday, August 6, 2020 

The Grimaldi Group has recently published its 2019 Sustainability Report, describing its economic, social and environmental performance and emphasising the process of reporting and transparent management of sustainability issues which started in 2015.

Grimaldi Group believes its strength lies in the efficiency of its fleet, made up of over 130 ships – of which 118 owned – designed and optimised to transport any type of rolling cargo, containers and passengers, with an average age of around 14 years, significantly below the industry average and the useful life of ships.

The fleet renewal and expansion plan continued in 2019 with the delivery of the PCTC vessel Grande Mirafiori and the completion of the lengthening and restyling of the flagships Cruise Roma and Cruise Barcelona at the Fincantieri shipyard in Palermo. Currently, the orderbook includes 12 ro-ro ships of the GG5G (Grimaldi Green 5th Generation) series, 4 PCTC vessels, as well as two ro-pax units of the 'Superstar' category for the subsidiary Finnlines.

The Group's concrete commitment to environmental sustainability is confirmed by the important investments made to mitigate the environmental impact of its activities. The Group's initiatives include the use of alternative energy sources through the installation of mega batteries and solar panels on board, the testing of hydrogen-powered handling equipment ashore, as well as the construction of a new series of cutting-edge ro-ro hybrid vessels, characterized by record-low CO2 emissions. In addition, the Group continued with the installation of exhaust gas treatment systems (scrubbers) for the reduction of sulphur emissions and implemented further projects regarding the hydrodynamic efficiency of the fleet both on new units and on existing ships through the replacement of bulbs. The investment plan for 2018-2020 will be completed with further installations, for a total investment of approximately €150m.

The flagship of the Grimaldi Group's environmental strategy is the Zero Emission in Port project, aiming at allowing vessels to stop in port without the auxiliary engines in operation. The Neapolitan Group was in fact among the first shipping companies to install on board its flagships Cruise Roma and Cruise Barcelona lithium battery systems, which recharge during navigation and are capable of powering on-board systems with the stored energy during port stopovers, thus achieving the goal of zero emissions in port.

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