08-06-2022 News


We are proud to announce that we have been awarded dark green rating on the CICERO shade of green scale. That makes X Shore the first boat manufacturing company to be 100% dark green.


X Shore’s processes, revenues and investments were audited by leading global provider of independent, research-based evaluations on green bonds CICERO Shades of Green AS. The final result was X Shore being awarded the Dark Green rating: the best possible result.

X Shore CEO Jenny Keisu comments: “X Shore places great value on sustainability: it drives our work forward, and is central to the company. One day, net-zero boats will be a reality but, for now, we must reduce emissions throughout the supply and value chain, and use materials sourced in the most sustainable way possible. The rating is gratifying because X Shore is not just a category leading electric boat company, but the greenest.”

The process required that X Shore be inspected on several criteria, including: operations, strategy, revenue, and investments. It is believed that X Shore is the first boat manufacturing company to be 100% Dark Green and the CICERO process is Nasdaq-accredited, meaning that X Shore’s ESG rating transparency is in line with that of listed companies.

X Shore is leading the decarbonisation of the economy and creating the tools needed for a fossil fuel-free future.

Quoting directly from CICERO Shade of Green AG´s findings:

  • ‘X Shore demonstrates a high awareness of environmental concerns and has a clear focus on sustainability throughout its business’
  • ‘100% of X Shore’s revenue and 100% of investments are shaded Dark Green’
  • ‘CICERO Green assesses that X Shore meets the requirements for Nasdaq Green Equity Designation set out in the Nasdaq Green Equity Principles’
  • ‘X Shore has taken a number of important steps to reduce the emissions and environmental impact of their production and supply chain’
  • ‘CICERO Green views it as positive that X Shore is actively working to reduce transport emissions’
  • ‘CICERO Green considers X Shore’s product and objectives to contribute to climate mitigation’
  • ‘Cicero Green considers X Shore’s governance efforts positively’
  • ‘The new facility [Nyköping] has been designed with a focus on employee health and safety concerns’

Read the whole report on our sustainability site:

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