【The Maersk Family: A Sustainable Business Approach】
The Maersk Group was founded in Copenhagen, Denmark🇩🇰, in 1904 as a shipping company🚢, and in recent years its main areas of activity have been container transport and energy.
As a centuries-old family business, there are many aspects of their approach to #Sustainability ♻️ that we can learn from.
In 2017, the family established AP Moller Capital P/S, a fund management company, and launched its first African infrastructure fund with a size of US$982 million, focusing on investing in renewable energy and logistics in Africa🌍, echoing its goal of tackling net-zero carbon emissions, with a strong emphasis on sustainability and energy transformation. In August 2021, the Group announced the issuance of an initial 10-year €500 million green bond 💹 to finance one feeder vessel and 12 large ocean-going container vessels in response to the carbon neutrality wave.
Meanwhile, the Maersk Group further emphasized its Net Zero Carbon Emissions target in 2022, which will be aligned with the Science-Based Targets Initiative (SBTi) standards by 2030, with Maersk specifically aiming to use green fuels for 25 percent of its seaborne shipments, 30 percent of its air cargo using sustainable aviation fuels, and greening at least 90 percent of its logistics and cold chain, to provide a net-zero carbon emissions supply chain by 2040. By 2040, they will be able to provide a supply chain solution with net zero carbon emissions.
#CUHK #CUHKCFB #FamilyBusiness #FamilyOffice #MaerskFamily #CarbonNeutrality #RenewableEnergy
Thanks for great conversations during the Maress Sustainability Partnership on how we can collaborate to reduce industry emissions! I was especially inspired hearing about how you at Maersk Supply Service focus on having the whole org - both crews and shore personnel - deeply involved in the company’s decarb journey! Looking forward to the next MSP already😃