CO2 emission reduction in Maersk

Commitments for Sustainability in Maersk: Maersk is serious and committed to doing their business towards sustainability, in which the biggest goal is CO2 emission reduction

Overview on Maersk

Maersk is a Danish business conglomerate based in Copenhagen, Denmark with activities in transportation, logistics and energy sectors. Maersk is the world’s largest container ship and vessel operator in the world since 1996.

Maersk’s executives vision on sustainability

Opposed to perception of many people that a corporation in transport, energy sector would do harmful things to the environment, Maersk is serious and passionate about the environment, climate change and sustainability in general. The Company’s executives acknowledge the importance of environmental issues on businesses “Companies can no longer stay on the sidelines when it comes to global issues” said the CEO, A.P Moller – Maersk A/S.

  • Vision: Maersk’s new vision is to become the integrator of container logistics, connecting and simplifying Maersk’s customers’ supply chains. Maersk continues to operate with great responsibility, respect and support for international commitments such as UN Global Compact for all of Maersk’s business lines
  • Priorities: top 4 priorities in Maersk’s business towards sustainability

o   De-carbonsing logistics: 60% relative CO2 reduction by 2020 compared to 2007, develop low-carbon offerings to customers

o   Multiplying the benefits of trade: Invest in digital solutions facilitating trade, dedicated support for the full implementation of the WTO trade Facilitation Agreement

o   Reducing food loss in the supply chain: invest in innovations reducing food loss in the transportation chain

o   Leading change in the ship recycling industry: Drive the transformation of the ship recycling industry in India

Maersk acknowledges that climate impacts their businesses, they want to do business in a way that is not only profitable for the economy but also beneficial for the society. The most ambitious goal of Maersk is to reduce CO2 from their vessels. Maersk wants to expand the scope of CO2 emission reduction to drive real change at a systematic level, at the whole business, the entire logistic system.

Why Maersk decided to become proactive in CO2 emission reduction?

First, transport sector is responsible for 23% of global energy-related emissions, in which shipping accounts for 3-4% of global emission. As a world leader in transport, Maersk believes that they can make significant efforts to help reduce CO2 emission and can become the inspirations for peers in the industry to follow

Second, CO2 emission reduction leads to lower business investment costs in the long term. Sustainability make be costly in the short run but it will bring numerous benefits in the long term. It is expected that investments cost for corporations in transport/energy industry could go up by 20% in 2030 compared to the investment cost without global warming. It is not just about saving the earth, but it directly affects financial positions of corporations.

Maersk’s CO2 emission reduction achievements in 2017

  • 29% reduction in CO2 emission across all businesses in 2017 compared to 2010
  • 33% reduction across continuing container shipping, ports, and logistic businesses in 2017 compared to 2010
  • 43% reduction in CO2 per container moved by Maersk Line compared to 2007

 

References:

https://en.wikipedia.org/wiki/Maersk

Maersk 2017 Sustainability Report