A.P. MØLLER HOLDING A/S ANNUAL REPORT 2020 · MANAGEMENT REVIEW
CORPORATE SOCIAL RESPONSIBILITY A.P. Moller Holding invests in and builds businesses with a positive impact on society, ‘nyttig virksomhed’ – as defined by our founder A.P. Møller.
‘Nyttig virksomhed’ is a key element in our investment strategy, and we are open to reconsider our ownership of a business, if its business model does not have a positive impact on society. Hence, social responsibility is integrated into our purpose and is core to everything we do. We have implemented policies and systems to secure a solid basis for our future activities as an engaged investment company. We focus highly on mitigating the risks of being abused for money laundering or financing of terrorism by third parties that A.P. Moller Holding engages with. This is especially relevant in relation to our investments, where we conduct proper and adequate due diligence measures on relevant counterparties such as advisors, co-investors, etc. An example is our Anti-Bribery and Anti-Corruption Policy which illustrates our zero tolerance towards fraud and bribery. This is one of the cornerstones in our overall framework for how to exercise due care to prevent bribery and corruption internally as well as in relation to third parties acting on behalf of A.P. Moller Holding. The policy gives the overall guidelines in relation to
procedures to be followed when investing and when interacting with other business relationships, e.g. government officials, in relation to gifts and hospitality, etc. STATUTORY REPORT CF. SECTION 99A OF THE DANISH FINANCIAL STATEMENTS ACT As an international investment company with a broad range of investment activities, A.P. Moller Holding has a significant influence on society. We acknowledge the responsibilities that this entails and make an effort to ensure that we are recognised as a trustworthy group of companies. The Board of Directors of each of our portfolio companies, A.P. Moller - Maersk, Danske Bank, Faerch Group, Maersk Drilling, KK Wind Solutions, Maersk Tankers, Maersk Product Tankers as well as A.P. Moller Capital, define their own specific CSR policies and Codes of Conduct. We are represented on each board, and these representatives ensure that CSR policies, including human rights, climate change and environmental impact, are enforced. Policies are adapted to meet the circumstances in which each of the affiliates operate.
SUSTAINABILITY INITIATIVES ACROSS THE GROUP IN 2020 Our sustainability focus is deeply rooted in our heritage and purpose: ‘having a positive impact on society’. In 2020, a number of significant initiatives were launched within the Group. MAERSK BRIDGE Maersk Bridge was an air bridge and supply chain operation set up to secure the delivery of PPE to healthcare workers to help reduce the risk of transmission of COVID-19 in hospitals. MÆRSK MC-KINNEY MØLLER CENTER FOR ZERO CARBON SHIPPING Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping was set up by the A.P. Moller Foundation and a group of leading industry players to develop new net-zero fuel types and technologies. ZERONORTH ZeroNorth was founded by Maersk Tankers to reduce tramp shipping’s CO2 emissions and support the industry’s drive towards a more sustainable development. THE OCEAN CLEANUP Maersk Supply Service extended their partnership with The Ocean Cleanup, which aims to clean the oceans from plastic. FAERCH GROUP Faerch Group was acquired in March 2021 and is the market leader of sustainable food packaging products as well as solutions that maximise re-use of plastic and minimise food waste.
16
