MAERSK BRINGS DECARBONISATION TARGETS FORWARD

Jan 12, 2022 | Marine environment & clean shipping news

The revised targets are aligned with the Net Zero criteria of the Science Based Targets initiative (SBTi) pathway to limit global warming to 1.5°C.

CEO Soren Skou said: “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.“

Tangible near-term targets for 2030 have been set to ensure significant progress on curbing direct Maersk emissions in the current 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.

Henriette Hallberg Thygesen, CEO Fleet and Strategic Brands, said: “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.”

As recommended by SBTi, over the decade Maersk will go above and beyond the 1.5°C-aligned targets and invest in building a portfolio of natural climate solutions that will result in around 5m 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. These will use green technologies and solutions to ensure that they provide real emission reductions within the supply chain.

Covering indirect emissions means the targets also address emissions from, for example, 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.

The 2030 targets for the Ocean business now include a reduction of around 50% in greenhouse gas emissions intensity, with 25% of all cargo transported using green fuels, described as fuels or energy that have low or very low greenhouse gas emissions on a life cycle basis.

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