Maersk has launched its green finance framework to allow the company to issue a variety of sustainable financing instruments, including bonds, loans, project finance, among others.

Maersk stock Shot

“Issuing green financing Instruments is a further step to integrating sustainability into our financing operations as it is an effective tool for channelling investments to projects with positive environmental impact and thereby contributing to the achievement of the UN Sustainable Development Goals (SDGs) and the Paris Agreement,” said Patrick Jany, the group’s chief financial officer.

Maersk has placed its inaugural 10-year, EUR500 million (USD546.2 million) green bond to fund the construction of its first feeder vessel and a series of eight container vessels that will be capable of operating on carbon-neutral methanol by 2023 and 2024, respectively.

By establishing the green finance framework, Maersk intends to align its funding strategy with its goal to become carbon neutral by 2050.