Finnish shipping company ESL Shipping has unveiled its bold climate goals, aiming to reduce emission intensity by 50% per ton-mile by 2023 and achieve net zero operations by 2040. Notably, ESL Shipping, aligning with science-based targets, has expedited its initial net zero target from 2050 to 2040, showcasing a robust commitment to environmental sustainability.
Commitment to Science-Based Targets
ESL Shipping emphasizes its dedication to science-based targets (SBTi), collaborating with the globally recognized Science Based Targets initiative. By doing so, the company aims to assure clients and stakeholders that its plan for achieving net zero by 2040 is founded on sound, science-driven principles. The initiative empowers businesses to set ambitious emission reduction goals based on the latest climate science.
Investments and Fossil-Free Shipping Roadmap
Over the past years, ESL Shipping has invested over €100 million in fleet renewal and environmental upgrades, including ordering hybrid vessels and pioneering LNG-powered bulk carriers. The company’s roadmap towards fossil-free shipping involves continuous investment in cutting-edge ship technology capable of transitioning from fossil to non-fossil fuels. Additionally, ESL Shipping is actively partnering with the energy industry to build an industrial-scale supply of non-fossil fuels, showcasing a comprehensive approach to sustainable maritime operations.
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Source: Offshore Energy
