#1Henriette Hallberg Thygesen Chief Executive Officer, Fleet & Strategic Brands Environment, Social, Governance MAERSK#2Maersk has a holistic and ambitious ESG strategy with commitment to ensuring responsible business practices now and in the future P 0 P Holistic & ambitious ESG strategy Sustainability ingrained in Maersk values Clear understanding of customer ESG needs Prioritised focus where Maersk can truly impact Our key ESG topics Responsible tax de Citizenship Business ethics / anti- corruption Sustainable procurement ethics Data Governance Governance Sustainable/ inclusive trade Environmental ESG Climate change Social Diversity & inclusion Human rights ecosystems Environment & Safety & security Labour relations and rights MAERSK#3Citizenship ethics Data sive trade ustainable/ Responsible tax Sustainable procurement Business ethics / anti- corruption Governance Diversity & inclusion ESG Social Human rights Governance Labour relations and rights Environmental Climate Safety & security ecosystems Environment & Environmental Climate change Key Maersk priority from our unique opportunity to create immediate and tangible impact for society and our customers MAERSK#4We have a responsibility towards society and our customers to reduce emissions, and their requirements and needs are rapidly changing MAERSK H&M SONY Microsoft 90 of our 200 largest customers have zero carbon targets and the number is increasing at pace - "We have committed to becoming climate positive throughout our entire value chain by 2040" "Sony aims to bring its environment footprint to zero by 2050 (net zero carbon emissions by 2050)" "Microsoft has been carbon neutral across the world since 2012 and commits to being carbon negative by 2030" "Nike will power owned-and-operated facilities with 100% renewable energy by 2025" Ti Typical Maersk BCO customer emissions 90-98% Value chain emissions Scope 3 800 2-10% Own emissions Scope 1 MAERSK#5We have a responsibility towards society and our customers to reduce emissions, and their requirements and needs are rapidly changing MAERSK 90 of our 200 largest customers have zero carbon targets - and the number is increasing at pace "We have committed to becoming climate positive. throughout our entire value chain by 2040" Society and our customers need us to support them in delivering on their emission targets with +90% of emissions coming from partners across their value chain* * of which 5% are from logistics for the average Maersk Lifestyle customer "Nike will power owned-and-operated facilities with (2025" ii Typical Maersk BCO customer emissions 90-98% Value chain emissions Scope 3 2-10% Own emissions Scope 1 MAERSK#6We will lead the way by decarbonising logistics where we are in a unique position to create tangible impact and a meaningful difference to tackling climate change Scope 1 is the immediate focus of the Maersk decarbonisation agenda - a possibility for Maersk to make tangible and meaningful impact • The full scope 1 to 3 of Maersk emissions to be addressed with plans currently under development • Maersk has signed the UN Global Compact commitment letter to a 'Business Ambition of 1.5C' - option 2 implying that we are committing to developing science- based targets Relative emission from shipping reduced by 46% compared to 2008 <1% Scope 2 Purchased electricity 0.3 m. CO₂ eq 16 O 00 MAERSK OO Maersk CO₂ footprint 2020 36% Scope 3 Value chain 19 m. CO₂ eq MAERSK NET ZERO CO₂ 64% Scope 1 Own operations 34 m. CO₂ eq Our intermediate targets to net zero in 2050 to be updated and science-based ************ NETZERO CO MAERSK NETZERO.CO EMAERSK MAERSK#7Initial Maersk ECO products are launched, and the first carbon neutral enabled methanol feeder announced Current Maersk carbon offerings / 'ECO products' Carbon neutral enabled methanol feeder 2,000 carbon neutral enabled dual-fuel feeder announced Maersk ECO delivery C P Significant increase in demand for ECO Delivery products - several new customers committing (key clients) I I +3x T +3x Contracted customers Customer pipeline 2021 contracted customers already on par with 2020 2019 2020 2021 # of contracted ECO delivery customers per year Ⓒ ī I I I I I 1 I Maersk emissions dashboard A one-stop-shop to consolidate all emissions data across all transport modes and carriers with an industry leading and GLEC compliant calculation methodology More products across more modes of transportation to be offered Similar interest for landside transportation exists MAERSK#8T Potential Maersk Decarbonization Levers C Fleet renewal with green newbuilds Energy efficiency optimisation 000 Retrofitting of current fleet We will decarbonise our fleet in a CAPEX efficient manner by applying three levers 2,000 TEU carbon neutral enabled methanol feeder announced - we will accelerate on this journey Renew and optimise time-charter fleet. Not carbon neutral but will create substantial impact – as we have done since 2008 Fleet retrofitting to be considered only if making financial sense (customer demand and fuel supply) All owned newbuilds will be dual-fuel and carbon neutral enabled - pace to be within normal fleet renewal plan Continue bunker optimisation for all fossil vessels (own and time-charters) driven by digital tools and marine technology Strong opportunity for Maersk for reasonable CAPEX based on retrofit possibilities for target fuels MAERSK#9● Fleet renewal with green newbuilds ● We will decarbonize our fleet in a CAPEX efficient manner by applying 3 levers • Will not impact our capacity targets as we renew and potentially retrofit 2,000 TEU carbon neutral enabled methanol feeder announced - we will accelerate on this journey Renew and optimize time-charter fleet. Not carbon neutral but will create Energy efficiency Mix of own vs. chartered vessels to remain as we have done 2008 Around 10% 'green vessel CAPEX premium' expected Fleet retrofitting to be considered only Strong customer commitment if making financial sense (customer will de-risk our journey and create commercial opportunities All owned newbuilds will be dual fuel and carbon neutral enabled - pace to be within normal fleet renewal plan Continue bunker optimization for all fossil vessels (own and time-charters) driven by digital tools and marine technology Strong opportunity for Maersk for reasonable CAPEX based on retrofit possibilities for target fuels MAERSK#10Green fuels are the key constraint and cost uncertainty is present; price impact expected to be manageable, and customers are committing Securing the required fuel remains the key constraint and potential bottleneck - will come at a higher cost but still manageable OPEX increase Green ammonia Green methanol LNG ! MAERSK#11Green fuels are the key constraint and cost uncertainty is present; price impact expected to be manageable, and customers are committing Initial OPEX impact hypotheses: Still uncertainty on actual price impact, however, initially higher cost is expected to go down significantly in the future as technology matures Limited impact for customers and price increase expected to be within willingness to pay If the fuel price is doubled: USD 6 cents per pair of shoes USD 50 cents per laptop MAERSK#12We focus on future fuels with a potential to be carbon neutral and will not apply transition fuels • OPEX is expected to be higher but will go down significantly as technology matures Our customers are committing, and we see real interest for collaboration to decarbonise transport and logistics t al price impact, cost is expected to go future as technology mers and price increase llingness to pay d: USD 50 cents per laptop MAERSK#13Summary 01 02 03 04 Ambitious and holistic strategy covering the full ESG scope Prioritised focus areas where Maersk can make a true impact - we will lead the way by decarbonising logistics for our society and for our customers, and their commitment is present We will set science-based targets and are committing to the UN Global Compact commitment letter to a Business Ambition of 1.5C - option 2 Increase in CAPEX and OPEX to be manageable and price impact for customers expected to be within their willingness to pay MAERSK#14Summary 01 02 03 04 Ambitious and holistic strategy covering the full ESG scope Prioritised focus areas where Maersk can make a true impact - we will lead the way by decarbonising logistics for our society and for our customers, and their commitment is present We will set science-based targets and are committing to the UN Global Compact commitment letter to a Business Ambition of 1.5C - option 2 Increase in CAPEX and OPEX to be manageable and price impact for customers expected to be within their willingness to pay MAERSK#15Summary 01 02 03 04 Ambitious and holistic strategy covering the full ESG scope Prioritised focus areas where Maersk can make a true impact - we will lead the way by decarbonising logistics for our society and for our customers, and their commitment is present We will set science-based targets and are committing to the UN Global Compact commitment letter to a Business Ambition of 1.5C – option 2 Increase in CAPEX and OPEX to be manageable and price impact for customers expected to be within their willingness to pay MAERSK#16Summary 01 02 03 04 Ambitious and holistic strategy covering the full ESG scope Prioritised focus areas where Maersk can make a true impact - we will lead the way by decarbonising logistics for our society and for our customers, and their commitment is present We will set science-based targets and are committing to the UN Global Compact commitment letter to a Business Ambition of 1.5C - option 2 Increase in CAPEX and OPEX to be manageable and price impact for customers expected to be within their willingness to pay MAERSK#17Q&A MAERSK#18MAERSK