Logistics
AGILITY INVESTS US$18 MILLION IN GREEN TECH
August 28, 2019

Global logistics provider Agility has announced that it has invested US$18 million in green supply chain technologies through its corporate venture arm, Agility Ventures.

 

The announcement was part of Agility’s sustainability report this year, where the company affirmed its commitment to cut emissions by 25% from 2016 levels by 2025.

 

“To reach that goal, the company is implementing renewable energy pilots in large facilities across the world and building to green standards as it adds more than 300,000 square meters of facilities to its portfolio of warehousing and light industrial facilities across the Middle East and Africa,” Agility said in a statement.

 

Part of the US$18 million will go to green technology start-ups, including Hyliion, a hybrid trucking technology firm which it expects to reduce fuel consumption and emissions by 30% through recycling kinetic energy from braking. The other company is a solar thermal technology company, TVP Solar.

 

“Green technology is a major focus of our investment strategy, and we’re always on the lookout for dynamic new businesses that can revolutionize the supply chain to help protect the planet," Agility said.

 

Agility CEO Tarek Sultan said the company has strived to set high standards for corporate citizenship over the past decade, particularly in the areas of environmental responsibility, humanitarian relief logistics and fair labour practices.