Maersk becomes first to have climate targets under SBTI’s new Maritime Guidance

14 / 02 / 2024

By Marwa Nassar - -

A.P. Moller – Maersk´s (Maersk) greenhouse gas emissions targets have been validated by the Science Based Targets initiative (SBTi) to be in line with the 1.5-degree pathway from the Paris Agreement. This marks an industry first under SBTi’s new Maritime Guidance.

While Maersk continues to aim for Net-Zero greenhouse gas (GHG) emissions for the entire business in 2040 with significant milestones for 2030, the validated targets include new specific and absolute targets to reduce emissions from Maersk’s own operations and across its supply chains (covering all scope 1, 2 and 3 emissions).

“At Maersk, we feel a strong responsibility to take action in the climate crisis. The Science Based Targets initiative represents the highest standard for corporate climate targets, and we are very proud to have obtained validation. We are committed to do our share to reach these targets, but we cannot do it alone. To succeed, we are dependent on and working with the ecosystem that we are part of, including customers, suppliers, industry peers and regulators. Importantly, there is a need for global regulations from the International Maritime Organization (IMO) to close the price gap between fossil and green fuels to secure a level playing field,” said Rabab Raafat Boulos, Chief Operating Officer of A.P. Moller – Maersk