The Science Based Targets initiative (SBTi) has approved ESL Shipping’s near and long-term emission reduction targets as the first company in the general cargo segment. Approval means that the targets align with the latest climate science to limit global warming to 1.5 degrees Celsius in line with the Paris Agreement.
ESL Shipping commits to reduce its well-to-wake GHG emissions by 59.6% per ton-nautical mile by 2030, which equals a 47.1% absolute reduction. In the long term, ESL Shipping is committed to achieve net zero emissions by 2040 and to reduce well-to-wake emissions by 97.8% from the 2023 base level.
Although outside of the scope in the GHG Protocol, SBTi requires the use-phase emissions of transported fossil fuels to be included in the target boundary. ESL Shipping is committed to discontinue the transport of fossil fuels, such as energy coal, latest by 2030 and to reduce the emissions from the use-phase of transported fossil fuels by 100% by 2030 from the 2023 baseline.
“This milestone reflects our deep commitment to climate action and the transformation of maritime logistics. Through fleet renewal, operational efficiency, and the increased use of renewable fuels, we are not only reducing emissions but also setting a new standard for sustainable shipping. Our transition plan is ambitious, but we are determined to deliver on it,” says Mikki Koskinen, Managing Director of ESL Shipping.
More information about our transition plan is available in the latest Sustainability Report.
ESL Shipping’s approved science-based targets
Overall net-zero target
Near-term targets
Long-term targets
