A.P. Moller-Maersk A/S has issued its first-ever green bond raising 500 million euros ($566 million). It’s the first time since 2018 that the company has turned to the euro market for debt financing. Maersk has made clear it wants to move faster than competitors in decarbonizing its business, as investors start to shift capital away from climate laggards. The company plans to spend the proceeds of Friday’s bond sale on a small feeder vessel and eight large methanol-fueled ships ordered earlier this year. Niclas Erlandson, Maersk’s head of Treasury and Risk, states “There’s not a need to raise new debt and that the timing of the issuance is related to the investments we are doing in our decarbonization journey, which is a reflection of the company’s strategy for the future, rather than current market conditions.