As one of the largest ocean shipping company in the world, the A.P. Moller – Maersk Group is committed to ensure that its business practices are safe, responsible and transparent by giving focus to four core areas when it comes to corporate sustainability.
“We focus on four shared value areas where we, through our business, can develop large-scale solutions that alleviate some of our industry’s and the world’s major sustainability challenges, while at the same time supporting the development of our business.
“We have since 2009 been a signatory to the UN Global Compact and remain committed to operating in congruence with the UNGC principles on responsible business conduct,” it said.
With the first focus area being climate change, the parent company of Damco Cambodia is determined to work on reducing its carbon-emission levels by investing in efficiency measures for 10 years. It also aims at reaching carbon neutrality in its own operations by 2050.
“We have reduced our relative emissions by 41% compared to 2008. Yet, it is clear to us that efficiency is not enough to live up to the Paris Agreement’s ambition of keeping global warming below 1.5 degrees Celsius.
“The next 5-10 years are going to be crucial. We will invest significant resources in innovation and fleet technology to improve the technical and financial viability of decarbonised solutions,” it said in a statement.
Maersk Group also believes in practicing inclusive trade to enable prosperity and growth for people and societies. However, as the benefits are not accessible to all, the Group aims to be the cornerstone that bridges the gap by making trade more simple and sustainable.
“By taking the hassle out of logistics for countries and companies across the globe, including small and medium-sized businesses, we can enable the global trading system to be more inclusive.”
The third core value is minimising food loss. The Group said that 350 million tonnes of food are lost every year due to inadequate storage and delays during transportation, while 500 million tonnes more are lost due to planning and handling issues in the production stage.
To tackle this, the Group is working closely with partners including the International Finance Corporation on opportunities for business-driven food loss projects at country level.
It has since established pilot projects in Kenya and Nigeria together with the Rockefeller Foundation and the agriculture training non-profit group Technoserve to understand challenges at harvest level.
Maersk Group also aspires to lead the transformation of the global ship recycling industry to promote responsible practices, greater transparency and a level playing field. Irresponsible ship recycling, it said, can trigger various problems such as widespread underpayments, unsafe working conditions and environmental pollution.
The Group added it will strive to take constant care to avoid causing or contributing to adverse impacts on people – whether in its own company, in its supply chain or in the communities where it operates.
“The business world is increasingly called upon to use its powers of change and implementation to help solve major societal challenges.
“We focus on the global sustainability challenges most closely related to our business operations, which is also where we have the greatest leverage and potential impact.
“By taking action in our own business and establishing partnerships and other alliances, our ambition is to create new opportunities for progress on systemic challenges,” it said.