ESG performance data

Comments on 2022 ESG performance data

Fuel oil consumption decreased by almost 7% in 2022 compared to 2021. This is mainly related to a reduction of heavy fuel oil consumption in Ocean.

The consumption of gas fuels remains at a similar level as last year.

The 10% decrease in other fuels consumption in 2022 compared to 2021 is mainly related to a 10% decrease in diesel consumption.

The significant increase in biofuels consumption, which has more than trippled in 2022 compared to 2021, is driven by the increased uptake of Maersk’s EcoDelivery ocean product by customers.

We recorded a 6% decrease in electricity consumption from the grid. This is mainly driven by increased sourcing of renewable electricity in Terminals and decreased container production in Maersk Container Industry. Reduction partly offset by increased electricity consumption in Logistics & Services.

In 2022, we recorded a 26% increase in renewable energy consumption compared to 2021, which is mainly driven by an increased sourcing of renewable electricity in European Terminals.

Maersk’s total energy consumption is down almost 5% in 2022 compared to 2021. This is mainly driven by a reduction in fuel oil and other fuels (excl. biofuels).

In 2022, we recorded a 7% decrease in scope 1 emissions compared to 2021. This is mainly driven by a similar reduction in fuel consumption.

Maersk’s location-based scope 2 emissions increased by 1% and the market-based emissions decreased by 1% in 2022 compared to 2021. These developments are mainly driven by an increase in consumption of renewable electricity from the grid and a decrease in electricity consumption from the grid generated from fossil sources.

In 2022, Maersk’s scope 3 emissions increased by 10% compared to 2021. This was mainly driven by the inclusion of recent acquisitions in Logistics and Services. Further, the general inflation globally affects the spend based emissions estimates, which notably affect material categories for Maersk, i.e. Upstream Transport and Distribution and Purchased goods and services.

In 2022, Maersk’s GHG emissions increased by 2% compared to 2021. Despite the reductions in Scope 1 and 2 emissions, the increase is owing to scope 3 due to acquisitions in Logistics and Services along with general inflation globally which has affected Maersk’s overall GHG footprint.

(EEOI) by 2030 (2020 baseline)*

-7 -6 0 -

In 2022, the share of freight transported with green fuels in Ocean was 2% and we worked with over 200 customers, proving that sustainable supply chains are possible and can be scaled.

Despite the reduction in fuel consumption, we have recorded a 7% increase in carbon intensity (EEOI) compared to our baseline year in 2020 due to continued global supply chain disruptions, port congestions and capacity constraints during 2022, among others resulting in a decrease in transport work. The carbon intensity is 1% higher in 2022 compared to 2021, which was also a challenging year. This KPI replaces the previously reported ‘Relative CO2 reduction (percentage vs 2008 baseline).

3.3

Reduction of scope 1 and 2 emissions by 2030 (2020 baseline)* reduction 5.4 - 0 -

1) Number has been restated in 2022 based on work performed to improve reporting processes and data quality

*New KPI that was introduced as part of the ESG strategy in 2022 and hence comparison year data may not be reported.

** Green means fuels or energy that have low or very low GHG emissions on a life cycle basis. See more on page 28.

We have reduced our absolute scope 1 and 2 emissions by 5.4% in 2022 compared to our baseline year in 2020. This is mainly driven by reductions in scope 2 emissions through sourcing of renewable electricity in our European Terminals and in the Port Elizabeth (US) terminal and the divestment of two terminals.