Denmark’s Maersk commits to deliver net zero supply chains by 2040

AP Moller – Maersk (Maersk) has announced new aspiring emissions targets 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. They include a commitment to act now and drive material impact in this decade, and a commitment to deliver net zero supply chains 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, Maersk said in a press release.

“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 AP Moller – Maersk.

AP Moller – Maersk (Maersk) has announced new aspiring emissions targets 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. They include a commitment to act now and drive material impact in this decade, and a commitment to deliver net zero supply chains by 2040.

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 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, the release added.

“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,” said Henriette Hallberg Thygesen, CEO of fleet & strategic brands, AP Moller – Maersk.

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 five million tons of CO2 savings per year by 2030.

Fibre2Fashion News Desk (RR)