The Supervisory Board of AS Tallinna Sadam (Port of Tallinn) approved the
company's strategy for the next 5 years. The main focus of the strategy is the
implementation of the company's vision - to become the most innovative port in
the Baltic Sea; meeting owners' expectations and dividend policy; and ensuring a
high business culture and sustainable development.
An important complement to the strategy is the deeper integration of the
principles of sustainable development (https://www.ts.ee/en/social-
responsibility/) and long-term goals into three areas - the environment, the
economy and social responsibility. A summary of the strategy
(https://www.ts.ee/en/strategic-goals/) is available on the company's website.
The most important goal in the environment field of sustainable development is
to achieve climate neutrality by 2050. The first step was to map the ecological
footprint of the Port of Tallinn Group, i.e. greenhouse gas (GHG) emissions in
the company's harbours and ships, based on 2019 data. In the harbours of the
Port of Tallinn in 2019 (incl. activities of tenants and operators, ship calls,
transport), GHG emissions were 97 thousand tons of CO(2) equivalent, of which
53% were emissions from ship calls. The GHG emissions of the companies of the
Port of Tallinn Group without third parties were 27 thousand tons of CO(2)
equivalent, most of which is related to ferries sailing between the Estonian
mainland and the islands. In addition to assessing the volume of GHG emissions,
measures imposing a significant impact were developed, through the
implementation of which it is possible to reduce GHG emissions in the Port of
Tallinn. Many of them are already partially in use or under development - on-
shore power supply for passenger ships in the Old City Harbour, use of renewable
energy, incentives for port charges for environmentally friendly ships,
introduction of economical hybrid solutions in mainland-island ferry traffic and
preparations for its transition of to complete renewable energy solutions, etc.
Tallinna Sadam is one of the largest cargo- and passenger port complexes in the
Baltic Sea region, which in 2019 serviced 10.64 million passengers and 19.9
million tons of cargo. In addition to passenger and freight services, Tallinna
Sadam group also operates in shipping business via its subsidiaries - OÜ TS
Laevad provides ferry services between the Estonian mainland and the largest
islands, and OÜ TS Shipping charters its multifunctional vessel Botnica for
icebreaking and construction services in Estonia and offshore projects abroad.
Tallinna Sadam group is also a shareholder of an associate AS Green Marine,
which provides waste management services. According to audited financial
results, Tallinna Sadam group's sales in 2019 totaled EUR 130.5 million,
adjusted EBITDA EUR 74.3 million and net profit EUR 44.4 million.
Additional information:
Marju Zirel
Head of Investor Relations
Tel. +372 53 426 591
m.zirel@ts.ee (mailto:m.zirel@ts.ee)
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