Investor Presentaiton
10
A.P. Moller-Maersk Annual Report 2020
Directors' Report
Message from the Chairman and the CEO
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Unwavering commitment
to sustainability
Sustainability continues to be at the top of our
agenda, and we are fully committed to our ambi-
tion of reducing CO₂ emissions as we continue to
work towards carbon neutrality in 2050. Our cus-
tomers are supporting the ambition and demand-
ing responsible transportation of their goods so
they can limit their own footprint, and this expec-
tation is also reflected among our investors.
In 2020, we updated our sustainability priorities.
Our key focus areas reached a level of maturity
where they are now fully integrated into our busi-
ness practices.
Decarbonising logistics is the one commitment
where we can make the greatest contribution to
climate action. In June 2020, the A.P. Moller Foun-
dation established the Mærsk Mc-Kinney Møller
Center for Zero Carbon Shipping to take the next
step to develop new fuel types and technologies
together with a group of likeminded global indus-
try leaders.
The centre is a non-profit, independent research
centre that will work across the entire shipping
sector with industry, academia and authorities
to find real-life solutions.
We would like to thank the A.P. Møller Foundation
for making this possible thereby demonstrating
the essence of our shared values and strong lead-
ership in the efforts towards reducing the indus-
try's carbon emissions to zero by 2050.
In addition, we remain committed to our broader
sustainability agenda, including our role in multi-
plying the benefits of trade, contributing to halving
food loss and improving the ship recycling industry.
CO₂
We are proud of the progress made so far and
remain committed to all our stakeholders to be
an innovative and responsible global integrator
of container logistics.
2021 - continuing to perform while
we complete the transformation
In 2021, we will continue to focus on growing our
landside logistics, expanding our product portfolio
to all relevant markets and increasing cross-selling
and upselling to our customers to deliver profita-
ble, organic growth. In addition, we expect to con-
tinue to acquire capabilities and growth platforms,
particularly within warehousing and distribution,
air freight as well as customs services to further
strengthen our integrated product offerings.
In Ocean, our focus will be on developing our
existing products further as well as adding new
and unique products to our portfolio. We will
remain focused on optimising our network and
cost structure to ensure we stabilise earnings
and deliver good, sustainable returns in our
largest business.
"We are fully committed to our
ambition of reducing CO₂ emissions
as we continue to work towards
carbon neutrality in 2050."
In Terminals, our focus continues to be on improv-
ing the operating performance of our portfolio of
ports, financially and operationally. We will drive
further synergies with our Ocean business, com-
plete our automation project in Los Angeles and
our construction project for a new terminal in
Abidjan, Ivory Coast, and mature plans for future
growth in our portfolio, including automation.
Thank you for your continued support
On May 1, we welcomed our new CFO and member
of the Executive Board, Patrick Jany. Patrick brings
solid financial experience and a proven record of
managing cost discipline and profitable growth
through M&As and innovation. We are also happy
to welcome Blythe S. J. Masters to the Board of
Directors. Blythe has added critical capabilities
to the Board with her international outlook and
experience within financial services and tech-
nology, having extensive knowledge in start-ups,
platforms and blockchain.
We would like to thank our 80,000 colleagues
deeply for their truly extraordinary efforts to keep
trade moving under such challenging conditions.
In times of increased uncertainty, open supply
chains and free global trade is more relevant than
ever. We remain optimistic about society's ability
to recover and committed to building on the
strong business momentum and foundation that
has now been established as we enter another
transformative year for A.P. Moller-Maersk.
Jim Hagemann Snabe
Chairman
Søren Skou
CEOView entire presentation