Maersk Leads Maritime Sector With SBTi-Endorsed Climate Goals

• The greenhouse gas emissions targets set by A.P. Moller-Maersk have received validation from the Science Based Targets initiative (SBTi).
• This achievement represents a significant milestone within the maritime industry under SBTi’s recently introduced Maritime Guidance.

A.P. Moller-Maersk has become the first in the maritime sector to have its greenhouse gas (GHG) emissions targets validated by the Science Based Targets Initiative (SBTi). The significant achievement aligns Maersk’s targets with the ambitious 1.5-degree pathway set by the Paris Agreement, marking a notable first under SBTi’s new Maritime Guidance.

Maersk has committed to Net-Zero GHG emissions for all its operations by 2040, with significant milestones set for 2030.

The SBTi-validated targets include stringent reductions across Maersk’s direct operations and expansive supply chains, effectively addressing scope 1, 2, and 3 emissions.

Collaborative approach to climate action

Rabab Raafat Boulos, Maersk’s Chief Operating Officer, highlighted the company’s dedication to climate action.

He stated, “Obtaining SBTi validation is a proud moment for Maersk. Achieving these targets requires a united effort. We are collaborating with various stakeholders, including customers and regulators, to make this possible. We also recognise the critical role of global regulations by the International Maritime Organization (IMO) in ensuring a fair transition to green fuels.”

Since 2019, Maersk has been proactively aligning its climate targets with SBTi’s science-based guidelines.

Following the introduction of maritime-specific guidelines by SBTi in late 2022, Maersk promptly submitted its comprehensive targets for validation.

Challenging yet essential climate goals

Morten Bo Christiansen, Head of Energy Transition at Maersk, emphasised the importance of these targets.

He said, “As a leader in a challenging sector, we understand the importance of ambitious, science-based goals. These targets are not just aspirations but essential drivers for our energy transition within this crucial decade.”

Maersk and industry peers are driving the implementation of the IMO’s Greenhouse Gas Strategy.

A key focus is reducing the cost gap between green and fossil fuels.

Maersk is set to propose a ‘Green Balance’ mechanism at the upcoming IMO MEPC81 in collaboration with the World Shipping Council.

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Source: Container News

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