The Science Based Targets initiative (SBTi) has approved ESL Shipping’s near- and long-term emission reduction goals, making it the first company in the general cargo segment to have its targets aligned with the 1.5°C pathway under the Paris Agreement.

ESL Shipping aims to reduce well-to-wake greenhouse gas emissions by 59.6% per ton-nautical mile by 2030, equivalent to a 47.1% absolute reduction, and achieve net-zero emissions by 2040. The company also plans to cut well-to-wake emissions by 97.8% from 2023 levels by that year.

In compliance with SBTi’s broader boundary requirements, ESL Shipping will end the transport of fossil fuels, including energy coal, by 2030 and reduce associated use-phase emissions by 100% from its 2023 baseline.

Managing Director Mikki Koskinen said the validation confirms the company’s commitment to transforming maritime logistics through fleet renewal, operational efficiency, and renewable fuel adoption.

ESL Shipping, a subsidiary of Aspo Plc, operates a fleet of about 40 vessels ranging from 4,000 to 25,000 dwt in the Baltic region.