ESL Shipping’s science-based net-zero targets validated by SBTi
(Posted on 17/10/25)
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 is the leading carrier of dry bulk cargoes in the Baltic region.
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.
ESL Shipping’s competitive edge is based on its ability to responsibly secure product and raw material transportation for industries and energy production all year round, even in difficult weather conditions. The shipping company loads and unloads large ocean liners at sea as a special service. ESL Shipping Ltd has been in business for over 75 years and is a subsidiary of Aspo Plc. The combined fleet of ESL Shipping and AtoB@C Shipping consists of around 40 vessels with cargo capacity ranging from 4,000 to 25,000 dwt.
Science Based Targets initiative (SBTi) is a corporate climate action organisation that provides a global framework to help companies set their greenhouse gas emissions reduction commitments in light of the latest scientific data. With the help of the SBTi, companies can ensure that their climate actions support the global goals of the Paris Agreement to prevent irreversible climate change.
Latest News
Shipping takes major sustainable plastic step with toolkit from MACS
(Posted on 16/07/26)The Maritime Association for Clean Seas (MACS) has published a series of practical guides to enable... Read more
Shanghai climbs to second as Singapore retains top spot
(Posted on 16/07/26)Shanghai has officially become the world’s second-most prominent shipping hub, according to the... Read more
OceanScore sees growing port adoption of PortView
(Posted on 16/07/26)OceanScore, the maritime data and sustainability company helping shipping and ports turn regulatory... Read more
INTERCARGO highlights progress and priorities in bulk carrier safety
(Posted on 07/07/26)Bulk carrier safety continues to show steady long-term improvement, but the nature of risk facing seafarers... Read more
Norden raises full-year guidance following strong performance in dry cargo
(Posted on 07/07/26)Following stronger than expected operational performance in dry cargo, reduced costs associated with... Read more
Algoma announces refinancing of long-term debt
(Posted on 03/07/26)Algoma Central Corporation, a leading provider of marine transportation services, has announced that... Read more
Global maritime under threat from Fortibleed incident, warns Cydome
(Posted on 03/07/26)Major maritime, ports and energy companies have been identified by Cydome’s threat-intelligence... Read more
Crewing specialist expands global recruitment network with Indonesian seafarers
(Posted on 30/06/26)As the global shipping industry faces mounting concerns over future crew availability, Danica Crewing... Read more
IMO pauses evacuation in Strait of Hormuz following attack
(Posted on 29/06/26)Following an attack on a vessel in the Gulf of Oman, IMO has decided to temporarily pause its evacuation... Read more
Human cost of keeping world trade moving highlighted on Day of the Seafarer
(Posted on 25/06/26)Leading health and wellness platform OneCare Group is calling on shipping leaders to recognise the immense... Read more
