MAERSK - BOARD OF DIRECTORS DOES NOT SUPPORT PROPOSALS RE SUSTAINABILITY

MAERSK LINE The world’s largest container shipping company and a customer-focused leader in reliable, eco-efficient transport declares on top of their website re

SUSTAINABILITY
We are committed to developing environmentally sustainable solutions.

However, this commitment does not seem to apply for the Board of Directors when it comes to their own headquarter building in Copenhagen or their willingness to invest in the possibilities of using renewable energy (sun and wind) in marine transportation following the latest General Assembley 04-04-2011 point h.
 

Extract from minutes from General Assembly on Monday 4 April 2011:

h) Deliberation of any proposals submitted by the Board of Directors or by shareholders.

A shareholder has submitted the following three proposals:

i) that the General Meeting recommends that the Board of Directors adopt a more outward-oriented profile, for instance by installing solar cell panels and/or miniature wind generators on the roof of the Company’s building on 50 Esplanaden for production of environmental "green" electricity to cover a majority of the Company’s administration’s own electricity consumption from renewable energy (sun and/or wind) directly from the roof construction of the building itself.

ii) that the General Meeting recommends that the Board of Directors initiate letting the Company’s administration building on 50 Esplanaden be EMAS registered in accordance with regulation (EC) No 761/2001 of the European Parliament and of the Council of 19 March 2001.

iii) that an amount of DKK 100 million for the year 2011 is allocated/transferred in order to investigate the possibilities of using renewable energy (sun and wind) for propulsion of the Company’s vessels, e.g. for upgrading of an existing vessel or development of an entirely new proto type.

The Board of Directors does not support the shareholder’s proposals.

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Referring til rejected proposal H II the European Commission has made a more detailed description of EMAS on their website and the European Environment Agency (eea) in Copenhagen has made some initiative trying to fulfil some of the objectives behind its EMAS registration with the Danish EPA by Reducing emissions from business travel .

A Swedish shipping company Stena Line seems to have achieved great results by minor investments by the use of renewable wind energy on their ferries that has lowered the oil consumption and thereby its CO2 emissions which has raised attention in the Danish media, see articles:

Stena Line først i verden med vindkraft på færge
 
færge med vindmøller på fordækket
 
One can only imagine the beneficial effects both for the running costs and for the environment if the Board of Directors of the world’s largest container shipping company chose to apply to the commitment declared on top of their website by using a microscopic part of its profit to investigate the possibilities of using renewable energy (sun & wind) for propulsion of the Company's vessels.

One can only admire the Svedish shipping company Stena Line
 and its respect for the environment when investing Stena Line environment .