Shipping Group A.P. Moller-Maersk Quits The ICS Board Due To Climate Concerns

A.P. Moller-Maersk has reportedly withdrawn the firm’s board membership from an industry organization named International Chamber of Shipping (ICS), partly over the latter’s stance on climate change, per the information shared on Maersk’s website.

Maersk, one of the biggest shipping groups in the world, has been associated with ICS’s board for almost a decade. However, Henriette Hallberg Thygesen, a Maersk executive and board member, has stepped down following a yearly revision of trade association memberships.

Maersk mentioned on its official website that the firm reviews its membership status annually to make sure that the trade associations the company is a member of are also in alignment with the goals of the Paris Agreement and other vital issues.

Image for representation purpose only

The Paris agreement is a legally binding international treaty agreed upon in 2015 by countries worldwide. It strives to reduce global warming by eliminating global and harmful greenhouse gas emissions.

Maersk added that the firm’s decision to step down from the ICS Board must also be perceived in the same context without clearly outlining what the firm disagreed with ICS.

A spokesperson informed Reuters that the decision had been declared at an annual general meeting of the ICS held on 22 June.

Maersk also reported that it would focus its efforts on the World Shipping Council (WSC) membership, a well-known trade group dedicated to container shippers.

ICS has members from over 40 countries and represents more than 80% of the commercial fleet in the world. It is also known for boosting leading practices all through the shipping industry.

ICS refused to share a comment.

Maersk is not a member of the ICS directly but a member of the trade group named Danish Shipping, a member of the ICS.

Maersk is targeting to have its carbon-neutral fleet by 2030 to meet its net-zero emissions target by 2050.

The shipping industry boasts about 80% of worldwide trade and accounts for almost 3% of global carbon emissions.

References: Reuters, Logistics Update Africa, Indian Transport And Logistics News

Latest Shipping News

Leave a Reply

Your email address will not be published. Required fields are marked *