Costamare Inc.
Costamare Inc., a prominent player in the global shipping industry, is headquartered in Monaco (MC) and operates extensively across major maritime regions. Founded in 1974, the company has established itself as a leading provider of containerships, focusing on the acquisition, chartering, and management of a modern fleet. With a diverse portfolio of over 40 vessels, Costamare's unique approach combines operational excellence with a commitment to sustainability, positioning it favourably in the competitive shipping market. The company has achieved significant milestones, including strategic partnerships and a robust presence in the container shipping sector, which underscores its reputation for reliability and innovation. As a trusted name in maritime logistics, Costamare Inc. continues to navigate the complexities of global trade with a forward-thinking vision.
DitchCarbon Score
How does Costamare Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Maritime Transport industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Costamare Inc.'s score of 16 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Costamare Inc.'s reported carbon emissions
In 2023, Costamare Inc., headquartered in Monaco (MC), reported total carbon emissions of approximately 5,682,273,000 kg CO2e from Scope 1 and 815,000 kg CO2e from Scope 2. This represents a slight increase in Scope 1 emissions compared to 2022, where they recorded about 5,075,688,000 kg CO2e for Scope 1 and 866,000 kg CO2e for Scope 2. The company has not disclosed any Scope 3 emissions data. Despite the increase in emissions, Costamare has not set specific reduction targets or initiatives as part of their climate commitments. The company continues to focus on transparency in its emissions reporting, as evidenced by their detailed disclosures in ESG reports. Costamare's emissions intensity has improved, with a reported intensity of 0.00516 for 2023, down from 0.00755 in 2022, indicating a more efficient operation relative to their revenue. However, without formal reduction targets or climate pledges, the company's long-term climate strategy remains unclear.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 5,075,688,000 | 0,000,000,000 |
| Scope 2 | 866,000 | 000,000 |
| Scope 3 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Costamare Inc. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
