Classification: Public

Maersk

Carbon Neutral & E-fuels

Michael Finch Pedersen, Head of Machinery

Classification: Public

Connecting and

simplifying

global supply chains

OUR BUSINESS

Maersk today

Classification: Public

Maersk today

DAMCO

INTERNATIONAL

B.V. APM TERMINALS B.V.

MAERSK CONTAINER INDUSTRY A/S

MAERSK LINE A/S

SVITZER A/S

MAERSK SUPPLY

SERVICE A/S

MAERSK TRAINING

A/S

Classification: Public

Sustainability strategy

Decarbonise our own operations

and decouple growth in business

from CO2 emissions

Invest in innovations and work in

partnerships to reduce food loss

in the transportation chain

Drive transformation and

transparency in global ship

recycling practices towards a

level playing field based on

highest international standards

Reduce complexity in global

value chain

Empower small businesses

to benefit from trade

Support reforms to level

the playing field for inclusive

global trade

Health, safety &

environment

Human &

labour rights

Responsible

tax practices

Responsible

procurement

Diversity &

inclusion

Ocean health

HELP DECARBONISE

LOGISTICS

CONTRIBUTE TO

HALVING FOOD LOSS

HELP MULTIPLY

THE BENEFITS

OF TRADE

LEAD CHANGE IN

THE SHIP RECYCLING

INDUSTRY

SHARED VALUE PROJECTS

Drive transformation

Positive impact at scale

RESPONSIBLE BUSINESS PRACTICES

Managing responsibilities or risks

Mitigate negative impacts

Classification: Public

Maersk GHG/CO2 emissions

Supply chain activities Direct operation control Downstream operations

Scope 1

Scope 3Scope 3Scope 2

Supply chain emissions

16 MtCO2e

Electricity &

Heating

0.5 MtCO2e

Sold products

1.5 MtCO2e

Emissions from our operations

33.4 MtCO2e

98% of Scope 1 comes from fuel for vessels

31%

65%

3%

1%

APMM Full Emissions Profile

Total emissions: 51,4 MtCO2e (2017)

Scope 3

Up stream

Scope 2

Scope 1

Scope 3

Down stream

Classification: Public

Classification: Public

High Sulphur Fuel Oil

Low Sulphur Fuel Oil

Spread Cost per CO2 ton to unlock significant demand

Internal corporate policy; carbon price

Fuel development and innovation

Sustainable Fuels (UCOME benchmark)

Regulatory; carbon price

2019 Spread Cost per CO2 ton

Green pathways and technology

1

2

3

4

Sustainability accreditation & transparency (RSB, ISCC)

Regulatory certification (IMO)

Fuel quality standardization (ISO)5

6

7

1

2

6

4

7

5

3

Bespoke fuels, lower quality push, specific e-fuel path, supply lock

Bio feedstock, carbon capture, green energy, fuel cells, e-fuels, etc.

Companies placing internal carbon prices to drive business decisions

Regulations intervening and placing a global carbon tax on ocean transport

Develop fuel standards and certification for uplift of green fuels

Ensure market transparency for green fuels

Work with OEMs, flag states, class, and IMO on regulations

Supply chain build8

Supply chain of marine solution needs to be built to reach economies of scale8

7

Business viable by narrowing the gap, how could it happen

Classification: Public

Marine e-fuels

• New sustainable fuels required

• E-fuels part of future marine energy supply

• How and When?

Last slide…