In its first environmental, social, and governance (ESG) strategy, Finnish shipping company ESL Shipping has revealed its target to achieve net zero CO2 operations by 2050.
To remind, ESL Shipping has published its first ESG strategy demonstrating its ambition to be the industry forerunner in sustainability.
Namely the company’s goal is to be a pioneer in technological solutions, sustainability and quality of service.
Maritime industry is posed with the challenge of cutting its overall emissions radically in the coming years. Consequently, our most important commitments are 50% lower carbon intensity per ton-mile by 2030 and net zero CO2 emission operations by 2050.
…ESL Shipping noted.
As explained, ESL Shipping’s roadmap towards fossil-free shipping consists of three parts:
“Firstly, we need best available ship design and power train capable of shifting to drop-in fossil free fuels when they are available. Prime examples of this are the recent order of six 5,350 dwt hybrid coasters equipped with battery packs and shore power connection as well as world’s first LNG-powered bulk carriers Viikki and Haaga.
Secondly, we need to build industrial scale availability of renewable fuels in partnership with leading Scandinavian suppliers. Therefore we are participating projects aiming at industrial scale production of hydrogen based e-fuels in second half of the decade.
Thirdly, we need customers who share the common future vision for low emission shipping. Here we have worked for example with SSAB to introduce Viikki and Haaga which almost halved emissions between Luleå, Oxelösund and Raahe”.
