Commercial, Energy Efficiency, GHG Emissions  -  January 2, 2025

Aspo Makes SBTi Commitment

Aspo Plc joined the Science Based Targets initiative (SBTi) and committed to set a near-term company-wide science-based emission reduction target.

The Finnish conglomerate that primarily focuses on owning and developing a portfolio of business-to-business corporate brands seeks to  build on the promise it made during the Capital Market Day held in May 2024.

The company is now beginning the process of developing and validating its targets in collaboration with SBTi.   

Aspo creates value by owning and developing its businesses sustainably and long term. The companies seek to be market leaders and forerunners in sustainability in their sectors, such as shipping, food ingredients distribution, and chemical and plastic raw material sales.

“We want to support the transformation towards net zero across the industries we operate in, and our commitment demonstrates that,” said CEO Rolf Jansson in a statement.  

The near-term target will cover all of Aspo’s businesses with the goal of finalizing and submitting the target for SBTi validation by the end of 2025. Aspo works closely with customers and partners to develop sustainable solutions. 

Aspo’s subsidiary ESL Shipping committed to the SBTi in 2023 and is seeking to achieve net zero in 2040. ESL’s fleet renewals include the construction of a series of fossil-free handysize vessels to serve the Nordic green transition, the use of renewable electricity, logistics optimization, the adoption of renewable fuels in partnership with customers, and enhancing collaboration with suppliers.