DANAOS CORPORATION Sustainability Profile
DANAOS Corporation, a leading player in the global shipping industry, is headquartered in Greece (GR) and operates extensively across major maritime regions. Founded in 1972, the company has established itself as a prominent provider of container shipping services, managing a modern fleet that includes some of the largest and most efficient vessels in the world. Specialising in the operation of container ships, DANAOS is recognised for its commitment to innovation and sustainability, offering unique solutions that enhance operational efficiency. The company has achieved significant milestones, including strategic partnerships and expansions that solidify its market position. With a focus on delivering high-quality services, DANAOS Corporation continues to be a key contributor to the maritime sector, known for its reliability and expertise in container transportation.
DitchCarbon Score
How does DANAOS CORPORATION'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
DANAOS CORPORATION's score of 28 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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DANAOS CORPORATION's reported carbon emissions
In 2023, Danaos Corporation reported significant carbon emissions, with Scope 1 emissions totalling approximately 3,119,979,000 kg CO2e, Scope 2 emissions at about 364,700 kg CO2e, and Scope 3 emissions reaching approximately 289,789,000 kg CO2e. The company disclosed its emissions data across all three scopes, highlighting its commitment to transparency in environmental reporting. For the year 2023, Danaos Corporation's Scope 2 emissions in Greece were approximately 349,300 kg CO2e. The company has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other formal climate pledges, indicating a potential area for future commitment. Danaos Corporation's carbon intensity reduction efforts are noted, with a reported reduction of about 0.0475 tonnes CO2e per tonne of cargo transported. This reflects the company's ongoing efforts to improve its environmental performance, although specific reduction targets have not been established. Overall, Danaos Corporation's emissions data and lack of formal reduction commitments suggest a need for enhanced climate strategies to align with industry standards and expectations.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 3,675,991,000 | 0,000,000,000 |
| Scope 2 | 473,700 | 000,000 |
| Scope 3 | 330,655,000 | 000,000,000 |
How Carbon Intensive is DANAOS CORPORATION's Industry?
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DANAOS CORPORATION's Scope 3 Categories Breakdown
DANAOS CORPORATION's Scope 3 emissions, which decreased by 12% last year and decreased by approximately 12% since 2022, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 8% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 2% of Scope 3 emissions.
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DANAOS CORPORATION's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
DANAOS CORPORATION has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
