Nine global businesses, which include the shipping giant, Maersk Line, a Danish international container shipping company, has announced the establishment of a new initiative to accelerate the transition to a net zero global economy.
The initiative, known as Transform to Net Zero, intends to develop and deliver research, guidance, and implementable roadmaps to enable all businesses to achieve net zero emissions.
The founding business members to lead the initiative include A.P. Moller – Maersk, Danone, Mercedes-Benz, Microsoft, Natura & Co, Nike, Starbucks, Unilever, and Wipro, as well as Environmental Defense Fund (EDF).
Supported by Business for Social Responsibility (BSR), serving as the secretariat for the initiative, the Transform to Net Zero will focus on enabling the business transformation needed to achieve net zero emissions no later than 2050, in addition to driving broader change with a focus on policy, innovation, and finance.
It said the the initiative intends to complete the outputs of the work by 2025 and its outputs will be widely available to all, and additional companies may join.
“A.P. Moller – Maersk is committed to a carbon-neutral future of transport and logistics. To contribute to the Paris agreement’s goal, we announced our ambition of having net-zero CO2 emissions by 2050 back in 2018.
“Since then we have taken several concrete actions to decarbonise the industry. The overall target of keeping global warming below 1.5 degrees can only be reached through strong alliances across sectors and businesses,” Søren Skou, CEO of A.P. Moller – Maersk, said.