ShippingCPH: MAERSK-B
A.P. Moller-Maersk
55Mixed / ImprovingCopenhagen, DenmarkFounded 19040 followers
www.maersk.comOne of the world's largest container shipping operators, pursuing a 2040 net-zero target and deploying methanol-powered vessels while still operating a predominantly fossil-fuel fleet.
Green Score
- Greenwashing risk
- medium
- Data confidence
- high
- Method
- how it is calculated
Climate Impact & Solution35%28
Does the core business genuinely avoid or reduce emissions, or build climate resilience? Share of revenue that is actually 'green'. Fossil-dependent models score low.
Maersk's core business is fossil-fuel-powered container shipping, responsible for ~100M+ tonnes of CO2e annually; the 18 dual-fuel methanol vessels are a commercially meaningful but numerically tiny slice (~2.5%) of a fleet of 700+ ships, and absolute emissions rose in 2024 despite efficiency gains, leaving the core business firmly high-emitting today.
Decarbonization & Targets20%72
Credible, science-based targets (SBTi), a real net-zero plan with progress to date, and CDP disclosure — not just a dated press release.
Maersk holds the shipping industry's first SBTi-validated 1.5°C-aligned targets (February 2024), with specific absolute reduction goals of 96% for Scope 1/2 and 90% for Scope 3 by 2040, plus meaningful 2030 interim targets (35% Scope 1 cut); CDP 'A' rating confirms disclosure quality, though progress on absolute emissions reduction is currently negative.
ESG & Operations15%62
Operational footprint, labour and social practices, and governance quality across the company's own operations and supply chain.
Maersk's 2024 CSRD-aligned integrated report shows strong governance integration, 45–62% renewable electricity at terminals, improving gender diversity (36% women in top management), a 89% employee engagement rate, and exclusive use of EU-certified ship recycling yards; partially offset by labour risks in a global seafarer workforce and absolute emissions growth.
Transparency & Verification15%75
Quality of disclosure, independent third-party verification, and how much hard data backs the company's claims.
Maersk publishes a CSRD-aligned integrated annual report with ESRS-compliant data, third-party assurance, CDP 'A' climate score, MSCI AAA, and ISS ESG Prime ratings; a 2023 self-corrected 5% overstatement of Scope 1 refrigerant emissions indicates both a data quality issue and a functioning correction process that enhances credibility.
Integrity15%68
Controversies, litigation, pollution, fossil-fuel lobbying, conflict-zone involvement and governance scandals. Higher means cleaner.
No major governance scandals or fossil fuel lobbying controversies are on record; Maersk actively advocates for stronger IMO carbon pricing rather than weakening it, and recycles vessels only at EU-certified yards; the principal controversy is expert criticism that bio-methanol may not be sustainably scalable and that early 'carbon neutral' marketing overstated lifecycle emission reductions.
Why it's on ClimateTicker
Maersk is the maritime sector's most credible decarbonization frontrunner — the first shipping company with SBTi-validated 1.5°C-aligned targets, a completed 18-vessel green methanol fleet, and CSRD-aligned reporting earning a CDP 'A' score. However, it remains overwhelmingly a fossil-fuel operator: absolute GHG emissions rose in 2024 due to Red Sea re-routing, the methanol fleet is a small fraction of 700+ vessels, and green fuel supply at scale remains uncertain. Investors should treat Maersk as a genuine transition leader within a deeply hard-to-abate sector, not as a clean company.
Commitments & Certifications
Controversy & Greenwashing Watch
Red Sea crisis forced longer Cape of Good Hope re-routing, pushing absolute Scope 1 and 3 emissions higher in 2024 vs 2023, moving Maersk further from its near-term 2030 SBTi trajectory.sustainabilitymag.com
Maersk restated 2023 Scope 1 emissions downward by ~1.7 million tonnes CO2e (~5%) after identifying that refrigerant emissions had been systematically overstated, raising questions about prior data quality.nossadata.com
The 18 dual-fuel methanol vessels represent only ~2.5% of Maersk's 700+ vessel fleet, meaning the vast majority of operations remain fossil-fuel dependent despite prominent green shipping marketing.vice.com
Maersk itself acknowledges that green methanol supply is scarce and costly, with offtake agreements covering only ~50% of dual-fuel fleet demand for 2027, leaving the fuel transition heavily dependent on unproven market and regulatory conditions.maersk.com
Transport & Environment and other critics argued that Maersk's early 'carbon neutral' vessel claims were overstated because bio-methanol feedstock is not sustainably scalable and e-methanol sourcing from industrial CO2 may not be genuinely climate-neutral.transportenvironment.org
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