Climate change is the key environmental issue across the Maersk Group. Primarily due to the direct and indirect CO2 impacts related to running an oil business, as well as the significant levels of CO2 emitted by our fleet of more than 600 container ships.
The Maersk Group has achieved an 8% improvement in CO2 efficiency since 2010, mainly driven by large improvements in our container business. Both our relative and absolute CO2 emissions decreased in 2012. The improvements are mainly due to Maersk Line's advancement in energy efficiency.
Case in Point:
Maersk Line’s quantum leap in energy efficiency
Maersk Line clearly demonstrates the business case of energy efficiency. In 2012, the shipping line reached its 2020 target of reducing CO2 emissions by 25% per container (TEU) from its benchmark 2007 levels – eight years ahead of time. To keep momentum Maersk Line has raised the target to a 40% reduction in CO2 per container (TEU) by 2020. Maersk Line’s focus on energy efficiency has made the company significantly more cost competitive.
It is estimated that shipping carries 90% of globally traded goods. While shipping is by far the most energy efficient way to transport cargo long distances, the contribution of CO2 to the atmosphere is 3 –4% of the global annual total. Maersk Line reached its target largely from a combination of operational efficiency, network and voyage optimisation, slow steaming and technical innovation. More of the same will help Maersk Line reach the 40% target.