Our short-term goal is to reduce the carbon intensity of our fleet by 57% by 2030, compared to 2008 levels. Looking further ahead, our long-term ambition is to achieve a climate-neutral fleet by 2050. To support this transition, Odfjell will only order new vessels that are equipped with zero-emission-capable technology.

These targets are not just aspirations – they are backed by operational action, such as fleet planning and investment decisions guided by our internal transition plan. While sectoral pathways for shipping are still undefined in public policy, Odfjell has developed a robust transition plan to achieve net-zero emissions. Our plan outlines concrete measures to reduce carbon intensity in the short term, supporting the broader decarbonization of the industry.  

Our climate targets address the reporting requirements of European Sustainability Reporting Standard (ESRS E1). Odfjell has set the following climate targets: 

• Odfjell will cut greenhouse gas emissions by more than 57% by 2030 compared to 2008. 

• Odfjell is dedicated to pursuing a zero-emission strategy and will only order new net zero-capable vessels. 

• Odfjell will be a net-zero company by 2050. 

• Odfjell will support initiatives to develop technology for decarbonization, energy efficiency, and net zero emissions, promoting a fair and equitable transition.  

• Odfjell will actively collaborate with our suppliers and customers to improve energy efficiency and reduce total emissions from our activities. 

For more information, see our Transition Plan