Maersk aims for net zero emissions by 2040

Maersk aims for net zero emissions by 2040
Maersk’s roadmap to net zero emissions by 2040

A.P. Moller – Maersk has accelerated its net zero emission targets to 2040, a decade earlier than the shipping company set out to do in 2018.

The new emissions targets are expected to align the company with the Net Zero criteria of the Science Based Targets initiative (SBTi) pathway to limit global warming to 1.5°C.

To ensure significant progress on curbing direct Maersk emissions by 2040, the company has set milestone targets for 2030. These include a 50 per cent reduction in emissions per transported container in the Maersk Ocean fleet and a 70 per cent reduction in absolute emissions from fully controlled terminals. Depending on growth in the ocean business, this will lead to absolute emissions reductions between 35 per cent and 50 per cent from a 2020 baseline.

“As a global provider of end-to-end logistics services across all transport modes, it is a strategic imperative for Maersk to extend our net zero ambition to the total footprint of the business. The science is clear, we must act now to deliver significant progress in this decade. These very ambitious targets mark our commitment to society and to the many customers who call for net zero supply chains,” said Soren Skou, CEO of A.P. Moller – Maersk.

To achieve these targets, Maersk will invest in building a portfolio of natural climate solutions that will result in around five million tons of CO2 savings per year by 2030.

To maximise progress towards net zero supply chains in 2040, ambitious 2030 targets for a range of green product offerings are introduced, adding to solutions including Maersk’s Emissions Dashboard and Maersk ECO Delivery.

Covering indirect emissions means the targets also address emissions from e.g., inland transport services and vessel building which are provided by third party suppliers. Tackling this challenge will require extensive data insights and close collaboration with local and regional suppliers of products and services across the Maersk business footprint.

“Our updated targets and accelerated timelines reflect a very challenging, yet viable pathway to net zero which is driven by advances in technology and solutions. What is needed is a rapid scale-up which we will strive to achieve in close collaboration with customers and suppliers across the entire supply chain,” commented Henriette Hallberg Thygesen, CEO of Fleet & Strategic Brands, A.P. Moller – Maersk.