Integrated container logistics company AP Moller-Maersk announced that its greenhouse gas emissions targets, including its aim to achieve net zero by 2040, and a series of new targets to reduce emissions across its operations and supply chain, have been validated by the Science-Based Targets. initiative (SBTi).
The announcement makes Maersk the first company to have its climate targets validated under the SBTi Maritime Guidance, launched in late 2022, which aims to enable companies in the maritime transport sector to set short- and long-term science-based targets, aligned with 1.5 °C.
Rabab Raafat Boulos, Director of Operations at AP Moller – Maersk, said:
“At Maersk, we feel a strong responsibility to act on the climate crisis. The Science Based Targets initiative represents the highest standard for corporate climate goals and we are very proud to have achieved validation. We are committed to doing our part to achieve these goals, but we cannot do it alone. To be successful, we depend on and work with the ecosystem we are part of, including customers, suppliers, industry peers and regulators.”
In addition to its ambition to achieve net zero emissions across the entire value chain by 2040, including an absolute reduction of 96% in Scope 1 and 2 emissions and 90% in Scope 3, Maersk's climate targets include interim targets to achieve 100% renewable electricity supply, and reduce absolute Scope 1 and 3 emissions by 35% and 22% respectively by 2030.
Maersk said key levers for reducing emissions in its own operations will include green fuels and improvements in fuel efficiency, while its supply chain solutions will require engagement and collaboration with suppliers. The company has announced a series of measures in recent years to enable the use of green fuels, including ordering 25 ships capable of running on green methanol, recently announcing the industry's first retrofit to convert an existing fossil fuel-powered container ship. . for dual-fuel methanol-powered ships, as well as the conclusion of several important green fuel purchase agreements.
Morten Bo Christiansen, Head of Energy Transition, AP Moller – Maersk said:
“These new targets are proof that even though we are a company in a sector that is difficult to reduce, it is possible to adopt ambitious, scientifically based targets and validate them. We know that achieving them will be a very difficult task, however, setting ambitious goals, both short and long term, is fundamental to our energy transition efforts, as they drive actions to ensure a material impact this decade.”
