Investor Presentaiton

28 A.P. Moller-Maersk Annual Report 2020 Directors' Report Our business Sustainability performance 2020 Sustainability In an unprecedented year of pandemic, sustainability remained at the top of the agenda of A.P. Moller - Maersk and core to the its values. Efforts on decarbonisation are being intensified while integrating sustainability even further into business strategy. Our commitments on decarbonisation 44.9% 46.3% 2019 2020 ✓ 2030 60% Relative reduction in CO₂ emissions from shipping by 2030 compared to 2008¹ A.P. Moller - Maersk's sustainability efforts have matured over the last decade with increasing ambitions matching the maturity of the field and the expectations of leading customers. A.P. Moller-Maersk wants to take responsibility in line with the company's values and commit- ments, and to assume a leadership position on global issues where the competencies and lever- age are sufficient to make a real difference. In 2020, this approach led to a review of the sustainability strategy, customer expectations, climate scenarios and transition pathways. As a result, ambitions on sustainability are being intensified with decarbonisation as the single-most important strategic sustainability imperative, and further integrating sustainability priorities in A.P. Moller - Maersk's global inte- grator strategy. Continued acceleration of expectations from key stakeholders for companies to manage their impact on sustainability was seen in 2020. The financial community is asking companies to demonstrate credible decarbonisation plans that align with the Paris Agreement's 1.5 target across the full supply chain, considering the physical effects of climate change and securing a viable business for the future. This is true not only for A.P. Moller - Maersk, but for customers as well, as they convert the finan- cial sector demands on their business, and the opportunities they see for carbon-neutral prod- ucts in the consumer market, into requirements for A.P. Moller - Maersk to deliver a decarbonised supply chain solution. Today, 90 of the 200 most important customers have set or are in the process of setting ambitious science-based or zero carbon targets covering their supply chain. Furthermore, lawmakers - particularly the EU - are moving rapidly on legislation related to sus- tainability, also on issues beyond climate change and decarbonisation. For example, the EU is enact- ing the taxonomy on sustainable activities, which through demands on the financial community will push requirements for transparency and reliable data on to other sectors, and it is expected to intro- duce mandatory requirements for companies to conduct social and environmental due diligence in their supply chains. No later than 2030 Net-zero emissions vessels in operation in our network 2050 Net-zero CO₂ emissions from ocean operations by 2050 1 Relative CO₂ reduction is measured using EEOI (Energy Efficiency Operational Indicator) as defined by IMO in MEPC.1/Circ.684 and calculated as g CO₂/(tonne x NM). In 2020, improvement of the underlying methodology resulted in a more exact calculation of historical performance. The data for 2019 is restated to align with the updated methodology.

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