Costamare Inc., a prominent player in the sea and coastal water transportation services industry, is headquartered in Monaco (MC). Founded in 1974, the company has established itself as a leader in the global shipping sector, specialising in the ownership and operation of container vessels. With a fleet that spans major operational regions, including Europe, Asia, and the Americas, Costamare is well-positioned to meet the demands of international trade.
The company offers a unique combination of high-quality shipping services and a commitment to operational excellence, making it a preferred partner for leading shipping lines. Notable achievements include a robust fleet of modern vessels and a strong market presence, underscoring its reputation for reliability and efficiency in maritime logistics. Costamare Inc. continues to innovate within the industry, ensuring its competitive edge in a rapidly evolving market.
+3 vs industry average
Costamare Inc.’s score of 11 is lower than 45% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Maritime Transport is among the most carbon-intensive industries
Industry performance
The Maritime Transport industry has reduced its overall emissions by 28% since 2018
Emissions trajectory 2020 – 2025
Reported emissions
Scope 3 accounts for ••• of total emissions.
Costamare Inc.'s reported carbon emissions
Costamare Inc., a company operating in sea and coastal water transportation services with headquarters in MC, reported total Scope 1 and Scope 2 emissions of approximately 5,076 million kg CO2e in 2022. This comprised about 5,075 million kg CO2e for Scope 1 and approximately 866,000 kg CO2e for Scope 2 (location-based).
In 2021, Scope 1 emissions were approximately 4,994 million kg CO2e, and in 2020, Scope 1 emissions were about 3,872 million kg CO2e. The company has not disclosed Scope 3 emissions data for these years.
Costamare Inc. has set a target to reduce its Scope 1 and Scope 2 emissions by 40% by 2030, using 2023 as the baseline year. The company's ESG reports indicate a focus on energy efficiency, with production emission factors for "Intensity of total direct emissions" and "Average Energy Efficiency Design Index (EEDI) for new ships" provided for 2022, 2021, and 2020 respectively, measured in tonnes per mile or tonnes per nautical mile.
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Costamare Inc.’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Costamare Inc.
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