Forto and Hapag-Lloyd Partner to Deliver Biofuel Alternative for Customers

Forto Delivers First Customer Booking as Hapag-Lloyd Opens Biofuel Option to Partners

BERLIN, Aug. 10, 2022 /PRNewswire/ -- Through a new partnership with Hapag-Lloyd, a leading global liner shipping company, Forto has launched a biofuel program for ocean shipping customers who seek to reduce their transport emissions. Customers booking full container load (FCL) sea freight shipments with Forto can now add the use of advanced biofuel to their bookings, effectively reducing 100% of their transport's greenhouse gas emissions. As Hapag-Lloyd has extended their biofuel strategy to work with selected key partners, Forto has delivered the first customer in Hapag-Lloyd's biofuel program.

Shipping goods with second and third generation biofuel options through Forto and Hapag-Lloyd is designed to make it easy for customers to reduce scope 3 emissions and achieve emission reduction goals. Forto supports customers throughout the process. When selecting a biofuel option, customers receive data-based visibility over the impact of biofuel on sea freight-related greenhouse gas emissions and certificates issued by a third-party monitored process.

Michael Wax, CEO and Co-Founder of Forto:
"Making the shift away from the logistics industry's reliance on fossil fuels is an essential step towards a greener future. We see it as our responsibility to continue to deliver transparent and credible solutions that can help our customers navigate this journey as they strive to reduce their environmental impact," comments Wax. "Hapag-Lloyd has made a decisive investment in a commercially available biofuel product and their sustainability strategy is amongst the boldest steps towards the reduction of greenhouse gas emissions in the industry."

Mirja Nibbe, Managing Director Area Germany and Central Europe for Hapag-Lloyd:
"The biofuel offer for our customers plays an important role as a first step on our journey towards being net-zero. It is through close collaboration between Hapag-Lloyd and our customers to jointly tackle the challenges ahead of us. Thus, we are very happy to work together with Forto on this important topic." says Nibbe.

In November 2021, Hapag-Lloyd announced its new sustainability strategy with the target to be net zero carbon by 2045. As part of Hapag-Lloyd's commitment to decarbonisation and reduction of greenhouse gas emissions, the company has announced plans to reduce CO₂e intensity (EEOI) of its entire fleet by 30% by 2030 as compared with 2019.

The new Forto biofuel initiative is the next step in the company's strategy to drive transformation towards sustainable supply chains, with the ultimate goal of helping customers make the sustainable transport option their default choice. Forto's range of sustainability solutions starts by providing customers with emissions visibility and information that empowers them to make impactful data-based decisions. In addition to the biofuel program, Forto offers CO₂e emission offsets for all modes of transport, and German-based Rail Pre- and On-Carriage intermodal volumes are transported using trains powered by renewable energy. The commitment to sustainable transport offerings is reinforced with the company's own investments on top of those of the customers. Forto teams are trained to work together strategically with partners, customers and other stakeholders to explore sustainability options and find solutions that fit their needs.

About Hapag-Lloyd
With a fleet of 248 modern container ships and a total transport capacity of 1.8 million TEU, Hapag-Lloyd is one of the world's leading liner shipping companies. The Company has around 14,000 employees and 418 offices in 137 countries. Hapag-Lloyd has a container capacity of approximately 3.0 million TEU – including one of the largest and most modern fleets of reefer containers. A total of 123 liner services worldwide ensure fast and reliable connections between more than 600 ports on all the continents. Hapag-Lloyd is one of the leading operators in the Transatlantic, Middle East, Latin America and Intra-America trades.

About Forto
Forto advances the vision to deliver a highly transparent, frictionless, and sustainable digital supply chain. Forto platform technologies address the entire process stream, from offer, booking, document administration, tracking and tracing to pro-active exemption processing and analysis, supporting our customers with greater visibility, insight, and control. Leading manufacturers and e-commerce brands are among the 2.500 customers using Forto's digitally focused offerings as part of their supply chain delivery. Headquartered in Berlin, Germany, the company currently has more than 800 employees with 18 locations across Europe and Asia including offices in Berlin, Copenhagen, Hamburg, Ho Chi Minh City, Madrid, Rotterdam, Singapore, Hong Kong, and Shanghai.

For more information, visit www.forto.com.

Contact:Paula Fujimoto
Mobile: +49 176 45729799
Email: paula.fujimoto@forto.com

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