A.P. Moller – Maersk has today announced it is to pull forward its net zero emissions target by 10 years, making it the latest global company to commit to delivering net zero emissions by 2040.
The shipping and logistics giant, which had previously announced an ambition to reach net zero emissions by 2050, said it had also set new 2030 emissions targets that would ensure it delivers “industry-leading green offerings and significant emissions reductions… this decade”. In addition, it committed to delivering net zero supply chain emissions by 2040.
The new targets are designed to align the company with the new Net Zero criteria established by the Science Based Targets initiative (SBTi), which require companies to establish emissions targets that are compatible with limiting global warming to 1.5C and ensure carbon offsets are only used as a last resort for tackling low levels of residual emissions.
“As a global provider