AP Moller Maersk announced new aspiring emissions targets expected to align the company with the Net Zero criteria of the Science Based Targets initiative pathway to limit global warming to 1.5 degree Celsius. They include a societal commitment to act now and drive material impact in this decade, and a commitment to deliver net zero supply chains to customers by 2040. The targets go beyond previous efforts to reduce emissions related to the ocean fleet as they cover all direct and indirect emissions across the entire Maersk business.Tangible near-term targets for 2030 are set to ensure significant progress on curbing direct Maersk emissions already in this decade. These include a 50% reduction in emissions per transported container in the Maersk Ocean fleet and a 70% reduction in absolute emissions from fully controlled terminals. Depending on growth in the ocean business, this will lead to absolute emissions reductions between 35% and 50% from a 2020 baseline.Roadmap to deliver net zero by 2040The Maersk Decarbonisation Targets2040Net zero emissions across entire business and all scopes. Will be aligned with the SBTi net zero criteria2030Commitments to customers and society to act now and have impact in this decadeEmissions reduction aligned with SBTi 1.5°C pathway (Scope 1 and 2, baseline 2020) Ocean: ~50% reduction in greenhouse gas emissions intensity Terminals: ~70% absolute reduction of greenhouse gas emissions Natural Climate Solutions used above and beyond 1.5°C target to build a portfolio that generates around five million tons of CO2 savings per year by 2030
AP Moller Maersk announced new aspiring emissions targets expected to align the company with the Net Zero criteria of the Science Based Targets initiative pathway to limit global warming to 1.5 degree Celsius. They include a societal commitment to act now and drive material impact in this decade, and a commitment to deliver net zero supply chains to customers by 2040. The targets go beyond previous efforts to reduce emissions related to the ocean fleet as they cover all direct and indirect emissions across the entire Maersk business.Tangible near-term targets for 2030 are set to ensure significant progress on curbing direct Maersk emissions already in this decade. These include a 50% reduction in emissions per transported container in the Maersk Ocean fleet and a 70% reduction in absolute emissions from fully controlled terminals. Depending on growth in the ocean business, this will lead to absolute emissions reductions between 35% and 50% from a 2020 baseline.Roadmap to deliver net zero by 2040The Maersk Decarbonisation Targets2040Net zero emissions across entire business and all scopes. Will be aligned with the SBTi net zero criteria2030Commitments to customers and society to act now and have impact in this decadeEmissions reduction aligned with SBTi 1.5°C pathway (Scope 1 and 2, baseline 2020) Ocean: ~50% reduction in greenhouse gas emissions intensity Terminals: ~70% absolute reduction of greenhouse gas emissions Natural Climate Solutions used above and beyond 1.5°C target to build a portfolio that generates around five million tons of CO2 savings per year by 2030
