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ESL Shipping publishes Sustainability Report 2023

ESL Shipping has published its Sustainability Report for 2023 demonstrating the improvements in our sustainability work on many fronts.

“Our capability to accelerate our green transition was recently strengthened by an equity injection from investors, who put great value on sustainability and share the same future growth vision with us. All this enabled us to commit to the Science-Based Targets initiative, taking us to net-zero emissions by 2040”, says Managing Director Mikki Koskinen.

In our second assessment with Ecovadis, the company’s result improved from Silver to Gold underlining the high level of sustainability performance across a wide range of sustainability topics. ESL Shipping has the ISO 14001 certified Environmental Management System, which was renewed and extended to cover AtoB@C Shipping’s operations and the Ystad office in 2023.

A positive trend of workplace safety indicators continued in 2023. The total recordable injury rate decreased significantly and the safety reporting activity increased. As employee safety and well-being are paramount to us, the strong focus on the improvement of safety indicators will continue into 2024.

Emissions from the company’s operations reduced significantly in 2023. CO2 efficiency, which measures emissions per ton-mile increased by 7.8% mainly due to longer transport distances but absolute CO2 emissions decreased by 5.9% per cent and the total use of fuel measured in megawatt hours by 7.1%.

In 2023, ESL Shipping carried 12.8 (14.7 in 2022) million tons of cargo. The net sales decreased by 23.0% from the comparative period, amounting to EUR 189.0 (245.4) million. The comparable operating profit halved to EUR 18.3 (37.4) million and the comparable operating profit rate was 9.7% (15.2%). Items affecting comparability amounted to EUR -0.6 (0.8) million and included mainly advisor costs related to strategic projects.

You can access the latest report by clicking the link below:

Read our Sustainability Report 2023 here

For more information, please contact:
Mikki Koskinen
Managing Director, ESL Shipping Ltd
mob. +358 50 351 7791,

About ESL Shipping
ESL Shipping is the leading carrier of dry bulk cargoes in the Baltic region. 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 around, 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 70 years and is a subsidiary of Aspo Plc. The combined fleet of ESL Shipping and AtoB@C Shipping consists of over 40 vessels with cargo capacity ranging from 4,000 to 56,000 dwt.