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A.P. Moller - Maersk
Sustainability Report 2021
Governance of the ESG strategy Governance of sustainability and ESG is anchored with the Board of Directors and the Executive Leadership Team. Ownership and responsibility to drive actions across the 14 categories is anchored in line of business to ensure alignment with business priorities and a long-term focus on ESG. A sponsor from the Executive Leadership Team is assigned to each category. Across categories, a central SteerCo representing key corporate functions ensure direction, coordination and ESG subject matter expertise. Underlining the commitment to the ESG strategy, the Board of Directors has committed to linking executive remuneration to key ESG targets from 2023. ESG in the central governance framework Several ESG topics related to compliance are integrated into Maersk's central governance framework, Commit, which consists of 35 internal governance rules determining the goals and boundaries for our actions. Each rule has a designated owner in the organisation who is responsible for compliance reporting to the Risk and Compliance Committee. Executive oversight of compliance with Commit is anchored in this committee, where three members of the Executive Leadership Team meet quarterly. The expectations of all employees on ESG compliance is described in the A.P. Moller - Maersk Code of Conduct, which is available on the Maersk.com website. Whistleblower system and Ombuds function As part of the control mechanisms in our governance system, the Maersk whistleblower system is a confidential channel through which all stakeholders can raise concerns about possible violations of laws or established Maersk rules in areas such as competition law, IT security, data privacy, threats to health, safety and environment, theft and embezzlement, financial fraud, corruption, human rights and labour rights, workplace and/or sexual harassment, retaliation or discrimination.
ESG strategy and governance
Introduction and strategy
Progress on ESG
Data and assurance
Governance of ESG in A.P. Moller - Maersk Board of Directors Endorses ESG strategy as part of annual strategy review
Executive Leadership Team Defines ESG strategy and oversees implementation
BOARD COMMITTEES (ESG RELEVANT)
ELT COMMITTEES (ESG RELEVANT)
Transformation & Innovation
Decarbonisation SteerCo
Audit Committee
Risk & Compliance
ESG STEERCO ACROSS CORPORATE FUNCTIONS
Remuneration
Strategy
Corporate Sustainability
Finance
Investment Committee
Facilitates ESG strategy and oversight, guides and enables category owners
CATEGORY-SPECIFIC GOVERNANCE
Environment
Social
Governance
ESG category
ELT sponsor
Owner
ESG category
ELT sponsor
Owner
ESG category
ELT sponsor
Climate change
Henriette Hallberg Thygesen
Decarbonisation
Human capital
Susana Elvira
HR
Governance
Caroline Pontoppidan Sustainability
Environment & ecosystems
Henriette Hallberg Thygesen
Safety & Resilience
Diversity, equity and inclusion
Susana Elvira
HR
Business ethics
Caroline Pontoppidan Compliance
Human rights
Caroline Pontoppidan Sustainability
Sustainable procurement
Henriette Hallberg Thygesen
Procurement
Responsible tax
Patrick Jany
Tax
Citizenship
Caroline Pontoppidan Sustainability
Data ethics
Navneet Kapoor
Employee relations Susana Elvira and rights
We do not tolerate discrimination or retaliation against persons submitting reports in good faith. See pp. 42 and 45 for data on whistleblower cases in 2021 relating to employee relations and anti-corruption. In 2021, we introduced the Maersk Ombuds function as a neutral, independent, informal and
HR
Safety & security
Morten H. Engelstoft Safety & Resilience
Sustainable/ inclusive trade
Vincent Clerc
Owner
Technology
Sustainability
100% confidential function that will listen to and coach employees who do not feel comfortable reporting concerns to human resources departments, line managers or posting to the whistleblower system, in resolving conflicts or concerns. Contrary to the whistleblower, the service is informal and offers a voluntary and safe place
for employees to seek guidance, voice concerns and discuss options for any work-related matter, even if they opt not to report it. During the 7 months it was operational in 2021, the function handled 90 issues representing 127 employees. The Ombuds function is governed by the principles of the International Ombuds Association.
