Climate Change Data

Maersk

Climate Impact & Sustainability Data (2019, 2020, 2023, 2024)

Reporting Period: 2019

Environmental Metrics

Total Carbon Emissions:36,491,000 tonnes CO₂ eq
Scope 1 Emissions:36,204,000 tonnes CO₂ eq
Scope 2 Emissions:287,000 tonnes CO₂ eq
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:656,000 MWh
Water Consumption:1,696,000 m³
Waste Generated:299,000 tonnes
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Greenhouse Gas Emissions
  • Energy Consumption
  • Waste
  • Water Consumption
  • Employee Health & Safety
  • Workforce Diversity
  • Board Diversity
  • Compliance
  • Supply Chain Sustainability
  • Human Rights

Environmental Achievements

  • Reduced relative CO₂ emissions by 41.8% vs. 2008 baseline

Social Achievements

  • 27% women in leadership
  • 29% female employees
  • Lost-time injury frequency (LTIf) of 1.16 based on exposure hours

Governance Achievements

  • 67% independent directors on the Board
  • 20% female board members
  • CEO prohibited from serving as board chair
  • Vendors/suppliers required to follow a Code of Conduct
  • Published Sustainability Report
  • Sustainability data provided to sustainability reporting frameworks (UNGC, CDP)

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: NASDAQ’s ESG Reporting Guide 2.0, UNGC, CDP

Certifications: Null

Third-party Assurance: PwC

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:33,902 (1,000 tonnes CO2 eq)
Scope 1 Emissions:33,902 (1,000 tonnes CO2 eq)
Scope 2 Emissions:305 (1,000 tonnes CO2 eq)
Scope 3 Emissions:19,017 (1,000 tonnes CO2 eq)
Renewable Energy Share:Not disclosed
Total Energy Consumption:432,767 TJ
Water Consumption:1,736 (1,000 m3)
Waste Generated:283 (1,000 tonnes)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Enabling sustainable trade
  • Decarbonising logistics
  • Sustainability in our end-to-end offerings
  • Responsible business practices

Environmental Achievements

  • Reduced CO2 emissions by 46.3% since 2008 (2.5% in 2020 alone)
  • SOx emissions significantly reduced to 102,000 tonnes due to IMO2020 sulphur cap

Social Achievements

  • Improved employee engagement scores
  • Zero fatalities among employees directly employed by Maersk in ship recycling in Alang, India despite 3,100 training sessions, 2,000 toolbox talks and 35 audits.
  • Twill coaching programs supported 29 women entrepreneurs

Governance Achievements

  • Implemented a new, risk-based stowage concept to improve fire safety on vessels
  • Centralized safety organization to ensure consistent strategy implementation
  • Finalized implementation of Maersk third-party management process

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero CO2 emissions from our own ocean operations by 2050
Medium-term Goals:
  • Achieve 60% relative reduction in CO2 emissions by 2030 compared to 2008 levels
  • Have commercially viable, net-zero vessels operating in our fleet by 2030
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • COVID-19 pandemic impacting operations and supply chains
  • Lack of infrastructure for net-zero emission fuels
  • Safety challenges related to new fuels (methanol, ammonia)
  • Uneven enforcement of IMO 2020 sulphur cap
  • Lack of capacity for responsible recycling of post-panamax vessels
  • Regulatory barriers to responsible ship recycling (Basel Ban Amendment)
  • Slow progress in political and legislative action on decarbonization
  • Managing risks related to third-party labor in supply chain
Mitigation Strategies
  • Established cross-functional task force to facilitate crew changes during pandemic
  • Developed multi-tier value proposition for sustainable logistics
  • Engaging in fuel manufacturing projects for methanol and ammonia
  • Collaborating with fuel suppliers to develop fuelling network
  • Implementing risk-based stowage concept and SnapBack Arrestor mooring ropes
  • Engaging with stakeholders to find solutions for ship recycling gridlock
  • Advocating for policies that reward first movers in decarbonization
  • Developing a comprehensive work program to improve responsible practices across environmental, social, and governance issues
  • Strengthening procurement digital landscape for supplier performance monitoring
  • Developing new audit and follow-up regimes to ensure standards are met in African ports

Supply Chain Management

Supplier Audits: Approximately 3,500 suppliers in high-risk categories audited in 2020

Responsible Procurement
  • Supplier Code of Conduct
  • Due diligence activities (audits, self-assessments, documentation reviews)
  • Improvement plans for addressing non-compliance

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Rising sea levels
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products and services
  • Price differentiation related to sustainability in the freight market

Reporting Standards

Frameworks Used: GRI G4 Sustainability Reporting Guidelines, GHG Protocol, TCFD

Certifications: Null

Third-party Assurance: PricewaterhouseCoopers

UN Sustainable Development Goals

  • Goal 7 (Affordable and clean energy)
  • Goal 8 (Decent work and economic growth)
  • Goal 9 (Industry, innovation, and infrastructure)
  • Goal 12 (Responsible consumption and production)
  • Goal 13 (Climate action)
  • Goal 17 (Partnerships for the goals)

Maersk's initiatives contribute to these goals through decarbonization efforts, responsible business practices, and support for SMEs and developing countries.

Sustainable Products & Innovation

  • Maersk ECO Delivery

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:79.5 million tonnes (2023)
Carbon Intensity:11.7 (EEOI) in 2023

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Introduced the world’s first green fuel-enabled vessel – Laura Mærsk.
  • Lowered Ocean’s emissions intensity (EEOI) from 13.0 in 2022 to 11.7 in 2023.
  • Increased the energy efficiency of its fleet.
  • 10 terminals are now running on 100% renewable energy.

Social Achievements

  • Launched a training and upskilling programme to improve risk and incident reporting processes.
  • Updated its Diversity, Equity & Inclusion strategy.

Governance Achievements

  • Established an ESG Committee.
  • Linked executive remuneration to selected ESG KPI targets.

Climate Goals & Targets

Long-term Goals:
  • Net zero across the business by 2040
  • 100% green solutions to customers by 2040
  • 96% absolute reduction in total scope 1 and 2 emissions by 2040
  • 90% absolute reduction in total scope 3 emissions by 2040
Medium-term Goals:
  • 35% absolute reduction in total scope 1 emissions by 2030
  • 100% renewable electricity sourcing by 2030
  • 22% absolute reduction in total scope 3 emissions by 2030
Short-term Goals:
  • Employee Engagement Survey score in the 75th percentile of global norm by 2025
  • >40% women in management and leadership by 2025
  • >30% diverse nationality (non-OECD) of executives by 2025
  • 100% of employees (in scope) trained in Maersk Code of Conduct by 2024
  • 100% of employees (in scope) trained on data ethics by 2024
  • 100% of suppliers (in scope) committed to the Supplier Code of Conduct by 2024

Environmental Challenges

  • Green fuel scarcity.
  • The challenging business climate of 2023, combined with uncertainty from A.P. Moller - Maersk’s large structural reorganisation and workforce reduction.
  • Increased lost-time injury frequency rate.
  • Challenges in reaching all employee groups for training.
  • Securing sustainable, green fuels at scale.
  • Heightened risks with ongoing geopolitical tensions and inflationary economies.
Mitigation Strategies
  • Early cost containment measures, adjusted deployed capacity, efficient management of unit costs.
  • Workforce realignment, reducing global staff from 110,000 to 100,000.
  • Prudent reduction of capital expenditure plans.
  • Signed the first large-scale green methanol offtake agreement with Chinese developer Goldwind.
  • Created a seed investment in C2X – an independent company aiming to build, own and operate assets to produce green methanol at scale.
  • Comprehensive Safety & Security Transformation Programme.
  • A new A.P. Moller - Maersk Code of Conduct introduction course and an updated annual e-learning refresher course.
  • Updated DE&I performance management and data-driven decision-making with the launch of a new DE&I dashboard.

Supply Chain Management

Supplier Audits: 95% of suppliers in scope committed to the Supplier Code of Conduct

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: Science Based Targets initiative (SBTi), TCFD, SASB

Certifications: EcoVadis Platinum rating, CDP Climate Change A score

Sustainable Products & Innovation

  • ECO Delivery Ocean product
  • ECO Delivery Inland product
  • ECO Delivery Air pilots

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Circular Economy
  • Supply Chain Sustainability
  • Climate Change

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Fragmented approach to reverse logistics across stakeholders
  • Technology integration challenges, especially for SMEs
  • Cost implications of not incorporating reverse logistics early in supply chain design
  • Lack of circular economy mindset across the value chain
  • Challenges in securing large feedstock volumes for recycling
  • Inconsistent regulatory frameworks across jurisdictions
  • Inaccurate labelling of fibre and chemical composition
  • Challenges in changing consumer behaviour
Mitigation Strategies
  • Collaborative planning and partnerships across stakeholders
  • Investment in research and development, piloting, and continuous improvement
  • Clear financial models and ownership models
  • Collective financing and co-investment mechanisms
  • Supportive legislation and financial incentives
  • Multi-stakeholder collaboration for collection
  • Regionalised collection strategies
  • Infrastructure and technological innovations
  • Convenient collection infrastructure and incentives
  • Education and awareness campaigns

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed