Panama Canal Authority and Monjasa partner to advance sustainability

The Panama Canal Authority and Monjasa, a global marine fuel supplier, have signed a five-year Cooperation Agreement to support sustainability and community initiatives in Panama.

The agreement focuses on communities within the Panama Canal Watershed (CHCP) and other areas of the country. It supports projects in environmental protection, community development, education, culture, and comprehensive well-being. All initiatives align with the United Nations Sustainable Development Goals (SDGs).

Ilya Espino de Marotta, Deputy Administrator of the Panama Canal, and Rasmus Jacobsen, Managing Director of Monjasa Americas, signed the agreement.

The partnership establishes a strategic framework to design and deliver joint projects across environmental, social, and governance (ESG) priorities. It also includes actions to support decarbonization and emissions reduction, in line with International Maritime Organization objectives. The agreement promotes sustainable practices, ESG integration, volunteer programs, and community engagement.

Both organizations highlighted the value of collaboration in building long-term, sustainable development models. These efforts aim to reduce environmental impact, create shared value, and strengthen economic resilience. Each project will follow the strategies, standards, and legal frameworks of both parties.

“This agreement reinforces our commitment to working with strategic partners to promote sustainable actions with lasting impact,” a Panama Canal Authority representative said.

Rasmus Jacobsen added: “Monjasa fuels global maritime trade, and we are proud to deepen our cooperation with the Panama Canal Authority. Our presence in Panama should also benefit local communities and the environment surrounding the Canal.”

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