The world’s largest container shipping company Maersk Line has set itself a bold new target to cut CO2 emissions by 60% by 2020.
The company has stated that its emission reduction plan will save the climate around 200,000,000 tons of CO2, roughly the amount of emissions of all passenger cars in France over the period of a year.
Chief Commercial Officer Stephen Schueler launched the Maersk Line Sustainability Update Friday 15 May 2015, while speaking to a group of US customers at a session on ‘The Future of Sustainable Supply Chains’ in Newport, US.
With the launch of this new CO2 reduction target, Maersk Line is accelerating the effort to reduce its carbon footprint whilst growing the business. The impact of this new target is a sustained decoupling of economic growth from CO2 emissions.
In 2014, Maersk Line also launched the Carbon Pact challenge. The Carbon Pact is a long-term partnership wherein Maersk Line commits to a CO₂ target specifically tailored to the business of the individual customer. As part of the agreement, both companies also pledge to jointly drive transparency and promote more sustainable procurement – raising the bar for the entire industry.
“Maersk Line shares aspirations for sustainable, profitable growth with many of our customers. By committing to reducing supply-chain emissions, we’re demonstrating our commitment to delivering tangible carbon savings” says Stephen Schueler, Chief Commercial Officer at Maersk Line.
In general, partnership has been a key theme in much of our sustainability work in 2014, be it transformational commercial carbon pacts with selected customers, removing barriers to trade in emerging markets or keeping countries connected in the face of Ebola.
Maersk claims to have reduced relative emissions of its fleet by 40% already, putting it around 10% ahead of the rest of the shipping industry in terms of global benchmarks.
The company has been reaching emission goals through the building larger more fuel efficient vessels, such as the Triple-E class ships, and by upgrading its existing fleet.