We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Maersk is a direct member of the WSC and is represented on its board by one of the company's Executive Vice Presidents
Johan Sigsgaard
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Maersk is a direct member of the WSC and is represented on its board by one of the company's Executive Vice Presidents (as of January 2023)
Vincent Clerc
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Maersk is a direct member of the WSC and is represented on its board by one of the company's Executive Vice Presidents
Johan Sigsgaard
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Maersk is a direct member of the WSC and is represented on its board by one of the company's Executive Vice Presidents (as of January 2023)
Vincent Clerc
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Maersk continues to be a member of the ERT
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Maersk CEO is a member of ERT (as of January 2023)
Soren Skou
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Maersk CEO is a member of ERT
Soren Skou
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Maersk continues to be a member of the ERT
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Maersk CEO is a member of ERT (as of January 2023)
Soren Skou
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Maersk CEO is a member of ERT
Soren Skou
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Maersk Korea is a direct member of the Korea Business Council for Sustainable Development (KBCSD). (KBCSD website, last accessed July 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Maersk Korea is a direct member of the Korea Business Council for Sustainable Development (KBCSD). (KBCSD website, last accessed July 2023)
not specified
--no extract--
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Climate Lobbying Overview: Moller Maersk has mostly positive, strategic engagement on global and EU-level climate policy in 2021-23. The company is supportive of Paris-aligned climate action in its top-line messaging, and has advocated for an ambitious global climate strategy for shipping at the International Maritime Organization, while opposing the full inclusion of international shipping in the EU Emissions Trading System.
Top-line Messaging on Climate Policy: Maersk has mostly positive top-line communications on climate change. In a June 2022 short report, Maersk stated support for a 1.5°C temperature goal, and in a December 2022 joint letter supported the EU’s target of reaching climate neutrality by 2050. In a January 2023 TIME article, CEO Vincent Clerc supported a 2050 net-zero target for shipping, stating “the current international target is to reduce greenhouse-gas emissions by at least 50% by 2050—but we actually need to be at net zero by 2050.” Maersk described the Inflation Reduction Act as a “bold move and potential game changer” in a Twitter video released in September 2022. In its 2022 Sustainability Report, released in 2023, Maersk stated support for the EU Fit for 55 package.
Engagement with Climate-Related Regulations: Maersk has actively engaged with multiple strands of climate policy and has frequently expressed its support, although with some exceptions. In an April 2022 position paper, Maersk advocated for including emissions only from intra-EU ship journeys in the EU Emissions Trading System (ETS), while more positively supporting the inclusion of all greenhouse gas emissions in the EU ETS. However, in its 2022 Sustainability Report, published in Q1 2023, Maersk welcomed the extension of the EU ETS, stating the proposal “achieves the right balance”. In its 2022 Sustainability Report, Maersk supported the EU’s finalized 45% renewable energy target and the definition of renewable hydrogen based on the additionality principle, in the Renewable Energy Directive.
Maersk supported the FuelEU Maritime proposal with several exceptions in an April 2022 position paper, calling for increased support for renewable fuels of non-biological origin and a 100% 2050 GHG emissions intensity target, but advocating for the targets be limited to intra-EU ship voyages. However, in April 2023, it welcomed the finalized FuelEU proposal in a LinkedIn article and supported the inclusion of emissions from gasses like methane and nitrous oxide. In March 2023, Maersk signed a joint letter advocating for EU states to adopt a stringent EU zero-emissions 2035 CO2 target for cars and vans without an e-fuels loophole. The company further supported ambitious EU zero-emissions targets for heavy-duty vehicles in a June 2023 consultation response.
According to a September 2022 Offshore Energy article, Maersk’s VP of US Government Relations urged Congress to pass the US Clean Shipping Act, stating “we hope that this bill receives the needed support to be passed.” Similarly, Maersk’s “ESG Day 2022” presentation appeared supportive of the US Clean Shipping Act and the International Maritime Organization (IMO) Carbon Intensity Indicator. At a global level, in a November 2022 joint letter, Maersk called for “robust interim targets for emissions reductions by 2030 and 2040” to be set through the IMO. Maersk stated support for a global fuel standard to be introduced by the IMO in an April 2022 position paper.
Positioning on Energy Transition: Maersk has consistently promoted the use of green ammonia and renewable e-methanol over LNG for shipping. Maersk's head of decarbonization criticized oil companies for holding back the energy transition, stating “they have not offered us any green methanol at a price point we can accept” in a November 2022 Financial Times interview. In a November 2022 joint letter, Maersk supported infrastructure and investments to promote green hydrogen in ships and a global 5% zero-emissions fuel target by 2030 through the International Maritime Organization (IMO). In an April 2022 position paper Maersk advocated for the IMO to adopt a global shipping fuel tax of at least $150 per ton. Maersk CEO Vincent Clerc stated in a January 2023 TIME interview that the IMO should adopt “drop dead date for the building of new fossil-fuel-powered vessels”, a position that echoed in an April 2022 position paper.
Industry Association Governance: In April 2022, Maersk published its first review of its industry association memberships and their alignment on climate change. Maersk did not identify any areas of misalignment with its industry associations, but appeared to have left the board of the International Chamber of Shipping in June 2022 as a result of this review. A senior executive from Maersk is a board member of the World Shipping Council which has mixed engagement on global and EU climate policy for shipping. Maersk is also a member of the European Roundtable for Industry, which has mixed but increasing positive top-line engagement on EU climate regulations.
InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q3 2023.
A detailed assessment of the company's corporate review on climate policy engagement can be found on InfluenceMap's CA100+ Investor Hub here.