ShippingCPH: MAERSK-B

A.P. Moller-Maersk

55Mixed / Improving

Copenhagen, DenmarkFounded 19040 followers

www.maersk.com

One 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

55/100
Mixed / Improving
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.

laggardMaersk earns revenue primarily from ocean container shipping (transporting goods for global trade customers) and an integrated logistics platform covering terminals, warehousing, and land transport, operating over 700 vessels across 130+ countries.

Commitments & Certifications

Controversy & Greenwashing Watch

mediumAbsolute GHG Emissions Rose in 2024 Despite Efficiency Gains

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

lowScope 1 Emissions Restatement — Refrigerant Overstatement

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

mediumGreen Methanol Fleet Covers Tiny Share of Total Fleet

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

mediumGreen Fuel Supply Chain Uncertainty

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

medium'Carbon Neutral Methanol' Marketing Disputed by Experts

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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