Climate Change Data

Aspo Plc

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:205,186 tCO2e/year (Aspo Group)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:0.37 tCO2e/M€ net sales (2023)

ESG Focus Areas

  • Reducing emission intensity
  • Improving occupational safety
  • Diversity, equity and inclusion (DEI)
  • Sound governance practices
  • Driving sustainable innovations
  • Improving the employee, customer and principal experience
  • Thorough risk management
  • Improving recycling and waste management

Environmental Achievements

  • Reduced total CO2 emissions by 7.4% to 204,795 tonnes (ESL Shipping)
  • Delivered the first next-generation electric hybrid vessel, Electramar, with nearly 50% lower greenhouse gas emissions per transported unit of cargo compared with current vessels (ESL Shipping)
  • Improved ESL Shipping's EcoVadis sustainability assessment score from 66 to 72 points, achieving gold level and top 6% ranking in environmental performance.
  • 43.5% of cargo hold wash water pumped onshore for processing (ESL Shipping)
  • Carbon dioxide emissions of sea transportation decreased by up to 24% due to optimized service speed (ESL Shipping)
  • Telko achieved silver level in the EcoVadis sustainability assessment.

Social Achievements

  • Total recordable injury frequency (TRIF) decreased from 8.1 in 2022 to 4.8 in 2023, exceeding the target of 6.0 (Aspo Group)
  • 100% of Aspo Group employees completed Code of Conduct and Compliance training, including anti-corruption modules.
  • Job satisfaction remained high, with the Group achieving a targeted AA rating in the People Power index.
  • Launched a DEI policy and initiated DEI awareness programs.
  • Implemented a new Safety Walk policy at Telko's warehouses and offices.

Governance Achievements

  • Strengthened company’s sustainability expertise and resources to lead and coordinate sustainability activities at a Group level.
  • Incorporated monitoring of key sustainability targets and development projects into the continuous activities of the Board of Directors and the Group Executive Committee.
  • Implemented sustainability targets into the remuneration plan.
  • Continued development of ESG assessment criteria for potential acquisitions.
  • ESL Shipping joined the Maritime Anti-Corruption Network.
  • Implemented a fully anonymous whistleblowing channel.

Climate Goals & Targets

Long-term Goals:
  • Aspo’s businesses aim to be frontrunners in sustainability in their respective sectors.
Medium-term Goals:
  • ESL Shipping aims to halve its carbon dioxide emissions per transportation unit by the end of the decade.
Short-term Goals:
  • Reduce emission intensity by 30% by 2025 (Aspo Group)

Environmental Challenges

  • Slight increase in emission intensity due to decreased net sales and impact of weather conditions on ESL Shipping's operations.
  • Occupational safety risks, particularly in ESL Shipping's operations.
  • Environmental damage from fuel processing and chemical transport.
  • Changing regulations and energy policies.
  • Corruption risks in operating countries.
Mitigation Strategies
  • Investments in new vessels, fuel solutions, and operating models to improve energy efficiency (ESL Shipping).
  • Development of operating models and investments in communication to improve safety culture (ESL Shipping).
  • Continuous monitoring of the regulatory situation and cost-effective operational development.
  • Supplier Code of Conduct to address environmental aspects in supply chains.
  • Environmental management system certified by ISO 14001 (ESL Shipping).
  • Membership in Responsible Care program for chemical distributors (Telko).
  • Responsible management of the supply chain and monitoring compliance with the Supplier Code of Conduct.
  • Use of an AI-based tool to verify supplier sustainability and assess risks (planned for 2024).

Supply Chain Management

Supplier Audits: Specific sustainability audits conducted at Telko since 2019, broader individual warehouse audits in 2023, and self-assessment for a larger group of suppliers.

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Weather conditions impacting ESL Shipping's operations
Transition Risks
  • Changing regulations, energy policies, and fuel taxation
Opportunities
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: UN Global Compact, EU Corporate Sustainability Reporting Directive (CSRD), EU Non-Financial Reporting Directive (NFRD)

Certifications: ISO 14001 (ESL Shipping), ISO 9001 (Telko), ISCC Plus (Telko)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • SDG 7 (Affordable and clean energy)
  • SDG 9 (Industry, innovation, and infrastructure)
  • SDG 12 (Responsible consumption and production)
  • SDG 13 (Climate action)
  • SDG 8 (Decent work and economic growth)

Not disclosed

Sustainable Products & Innovation

  • Electric hybrid vessels (ESL Shipping)

Awards & Recognition

  • ESL Shipping's gold level in EcoVadis sustainability assessment