Maersk SteelZero Initiative underscores Maersk’s commitment to demanding net zero steel
To contribute with a clear demand signal and catalyse the transition to sustainable green steel, AP Moller–Maersk (Maersk) has decided to join Climate Group SteelZero, a global initiative which brings together leading organisations to accelerate the transition to a net zero steel industry, in partnership with Responsible Steel, the steel industry’s first global, multi-stakeholder standard and certification initiative.
“The steel industry is one of the largest emitters of carbon dioxide, contributing around 7% of global greenhouse gas emissions. Joining SteelZero underscores our commitment to demanding net zero steel and boosting a rapid scale-up. We will collaborate with our customers, suppliers and across the entire steel value chain,” explained Henriette Hallberg Thygesen, CEO, Fleet & Strategic Brands, AP. Moller–Maersk.
A significant number of the over 700 vessels operated by Maersk are projected to be recycled in the next decade with a large proportion being the post-Panamax size ships (over 4000 TEU) with steel making up approx. 90% of these ships´ weight.
“At Maersk we have both strong decarbonisation ambitions and ships’ coming to end-of-life, which offer a great opportunity to reduce our Scope 3 emissions by driving circularity in the steel industry,” commented Palle Laursen, Senior VP & Chief Technical Officer, AP Moller-Maersk.
By joining SteelZero, Maersk collaborates with like-minded industry organisations committed to climate-aligned steel procurement and progress in developing a policy framework towards responsible production and sourcing of steel.
“Maersk’s substantial purchasing power and influence is a serious addition to the SteelZero membership. Their voice, alongside eighteen other forwarding looking businesses, will enhance the demand signal for net zero steel, and help drive change at the scale and pace needed,” highlighted Helen Clarkson, CEO, Climate Group.