Posted on April 11, 2022
Copenhagen, Denmark – To contribute with a clear demand signal and catalyse the transition to sustainable green steel, A.P. 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.
Steel is an integral part of our value chain. We use it in our ships, containers, terminals, and warehouses and therefore, it is a pivotal part of our decarbonisation efforts. The steel industry is one of the largest emitters of CO2, contributing around 7% of global greenhouse gas emissions. It is imperative to find a low-carbon process for primary steelmaking to adhere to the 1.5°C pathway in this hard-to-abate industry. 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.
Global ship recycling volumes are projected to nearly double by 2028 and quadruple by 2033. Recycled steel will progressively be recognised as a viable raw material for steel consumers with net-zero emissions targets. 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,
We see Maersk joining our SteelZero campaign as marking a pivotal moment in the global transition to a net zero steel industry. 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.
Customers, financial entities, and investors are increasingly engaging on this topic via ESG requirements and demanding higher engagement in accelerating the shift towards net zero steel also within the shipping industry. Maersk aims at inspiring peers and others across the supply chain to follow suit.
About Climate Group
SteelZero is a global initiative bringing together forward-looking organisations to speed up the transition to a net zero steel industry. Led by the international non-profit Climate Group in partnership with ResponsibleSteel, organisations that join SteelZero make a public commitment to procure, specify or stock 100% net zero steel by 2050. By harnessing their collective purchasing power and influence, SteelZero is sending a strong demand signal to shift global markets and policies towards responsible production and sourcing of steel.
About ResponsibleSteel
ResponsibleSteel’s mission is to maximise steel’s contribution to a sustainable society. A not for profit organisation, ResponsibleSteel is the industry’s first global multi-stakeholder standard and certification initiative. With members from every stage of the steel supply chain, ResponsibleSteel is developing an independent certification standard to ensure businesses and consumers can be confident that they steel they use as been sourced and produced responsibly at every stage.
About A.P. Moller – Maersk
A.P. Moller – Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs approximately 95,000 people.
