Overall Net-Zero Target A.P. Moller Maersk commits to reach net-zero greenhouse gas emissions across the value chain by 2040 from a 2022 base year. Near-Term Targets A.P. Moller-Maersk commits to reduce absolute scope 1 GHG emissions 34.7% by 2030 from a 2022 base year.* A.P. Moller Maersk also commits to reduce absolute scope 3 GHG emissions 21.9% within the same timeframe. Within these targets, A.P. Moller- Maersk commits to reduce absolute well-to-wake scope 1 and 3 GHG emissions from container shipping operations 34.7% by 2030 from a 2022 base year. A.P. Moller- Maersk also commits to reduce absolute scope 1 GHG emissions from all other sources 42% within the same timeframe. A.P. Moller-Maersk further commits to reduce absolute well-to-wake scope 3 GHG emissions from subcontracted container shipping operations 16.7% within the same timeframe. Furthermore, A.P. Moller- Maersk commits to reduce absolute scope 3 GHG emissions from use of sold products covering distributed fossil fuels 42% within the same timeframe. A.P. Moller- Maersk finally commits to reduce remaining absolute scope 3 GHG emissions from fuel and energy related activities and upstream transportation and distribution 25% within the same timeframe. A. P. Moller-Maersk also commits to increase annual sourcing of renewable electricity from 22.7% in 2022 to 100% by 2030. * The target boundary includes biogenic land-related emissions and removals from bioenergy feedstocks Long-Term Targets AP. Moller-Maersk commits to reduce absolute scope 1 and 2 GHG emissions 96% by 2040.* A.P. Moller-Maersk also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe. Within these targets, A.P. Moller- Maersk commits to reduce absolute well-to-wake scope 1 and 3 GHG emissions from container shipping operations 96.2% by 2040 from a 2022 base year. A.P. Moller- Maersk also commits to reduce absolute scope 1 and scope 2 GHG emissions from all other sources 90% within the same timeframe. A.P. Moller- Maersk further commits to reduce absolute well-to-wake scope 1 and 3 GHG emissions from subcontracted container shipping operations 97.1% within the same timeframe. Furthermore, A.P. Moller-Maersk commits to reduce remaining absolute scope 3 GHG emissions 90% within the same timeframe. * The target boundary includes biogenic land-related emissions and removals from bioenergy feedstocks