Maersk Secures Sustainability-Linked $5 Billion Credit Facility
Shipping giant A.P. Moller – Maersk says it has secured a $5 billion revolving credit facility that will be tied to its environmental performance.
The sustainability-linked credit facility has been secured through a syndicate of 26 banks. According to Maersk, the credit margin will be adjusted based on Maersk’s progress to meet Maersk’s ambitious environmental target of reducing CO2 emissions per cargo moved by 60% by 2030, which is significantly more ambitious than the IMO target of 40% based on a 2008 baseline.
