Companies commit to lower carbon

Cleaning up the environment. That is the commitment of the companies that took part in the conference-debate led by Mr Said Mouline, Director General of AMEE and Chairman of the Energy, Climate and Green Economy Commission at the CGEM, on 22 June. This conference is part of Morocco’s commitment to reduce its greenhouse gas (GHG) emissions by 30% by 2030. On the theme “Environment and Corporate Climate Responsibility”, the conference addressed several topics:
“Companies’ commitment to reducing GHG emissions”, “Climate finance and its mechanisms” and “Energy efficiency”.

Mr Said Mouline began his speech by setting out responsibilities in the fight against global warming. He also took advantage of the presence of representatives of a number of private-sector companies – the largest emitter of greenhouse gases – to urge them to carry out their Bilan Carbone® assessments and to take the necessary steps to reduce their emissions.

This meeting was also an opportunity for the speakers representing Attijariwafa Bank, Nareva Holding and our sponsors OCP and Sika Morocco to discuss the role of companies in reducing GHG emissions. They thus reiterated their support for Morocco in its fight against global warming and its commitment to reduce its GHG emissions by 30% by 2030.

Climate finance: strong will and success stories

Climate finance, also known as carbon finance, consists of mobilising resources from developed countries for projects in developing countries. The objective? To ensure a transition towards low-carbon development and an economy resilient to climate change. These resources amounted to around US$30 billion between 2010 and 2012. After COP21 and until 2020, they will amount to US$100 billion a year. On this subject, Ms Tahra Alabaddan, Director of Project Finance at Attijariwafa Bank, set out in her presentation the types of projects covered by climate finance. In Morocco, major projects such as Noor, Nareva’s wind projects, Tarfaya and ONEE have benefited from this carbon finance.

What they said…

This conference brought together major players from different sectors. This shows that we are all concerned. This exchange further raised awareness of companies’ duty to carry out a Bilan Carbone® assessment of their processes with the aim of reducing their GHG emissions. This approach necessarily involves new investment, but ideally begins with a change in the behaviour of the players. Mr Said Mouline , Director General of AMEE and Chairman of the Energy, Climate and Green Economy Commission at the CGEM.

This event is interesting because the stakes of climate finance are becoming increasingly important, both nationally and globally. This conference is therefore a kind of booster shot to encourage companies to adopt a more sustained CSR approach. And it is with this in mind that Attijariwafa Bank and other economic operators have put in place tools and mechanisms to support and assist companies that take an environmental approach. Ms Tahra Alabaddan , Director of Project Finance, Attijariwafa Bank.

It is a very interesting conference, which is fully justified a few months before COP23 and following COP22. It allows us to share our experiences with local Moroccan players, but also to benchmark international companies, in order to find out how this carbon market will develop in the coming months. Ms Bouchra Nakara , Environment Director, OCP

We are delighted to sponsor such an event, because our company is committed to a sustainable development approach. These exchanges allowed each of us to learn about market news and to take on board the CSR actions deployed by Moroccan or Swiss companies in order to use them as a model. Mr Salim Hassar , Marketing Manager- Sealing and Bonding Target Market Manager, Sika Morocco