Aspo has set science-based emission reduction targets – now approved by SBTi

Core Points - Aspo has set science-based emission reduction targets that have been approved by the Science Based Targets initiative (SBTi) to align with climate science aimed at limiting global warming to 1.5 degrees [1][5] - The company aims to reduce its direct greenhouse gas emissions (scope 1 and 2) by 42% by 2030, primarily through fleet investments and transitioning to renewable fuels [2][6] - Aspo plans to work with suppliers to reduce scope 3 emissions, which constitute the majority of its total emissions, and will cease the distribution of fossil fuels for energy production by 2030 [2][3] Emission Reduction Targets - The near-term targets verified by SBTi include a commitment to reduce absolute scope 1 and 2 GHG emissions by 42% from a 2023 base year [6] - The company also aims to engage 50% of its suppliers to adopt science-based targets for emissions related to purchased goods and services by 2029 [6] - Aspo intends to achieve a 100% reduction in absolute scope 3 GHG emissions from the use of sold products for distributed fossil fuels by 2030, also from a 2023 base year [6] Commitment to Sustainability - Aspo is focused on being a pioneer in climate action within its industries and is investing in energy-efficient vessels to reduce its carbon footprint [3] - The company emphasizes the importance of requiring suppliers to commit to emission reduction targets as part of its sustainability strategy [3][4]