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Genco Shipping And Trading
Transport Equipment ManufacturingUnited StatesNYSE: GNK
Last verified 27 days agogencoshipping.com
Genco Shipping and Trading Limited, commonly referred to as Genco Shipping, is a prominent player in the maritime transport sector, headquartered in the United States. Established in 2004, the company has carved a niche in the "Other transport equipment" industry, focusing primarily on the transportation of dry bulk commodities. With a fleet that includes a diverse range of vessels, Genco Shipping stands out for its commitment to operational efficiency and sustainability.
The company operates globally, with significant activities in key shipping routes across the Atlantic and Pacific Oceans. Genco Shipping has achieved notable milestones, including the expansion of its fleet and strategic partnerships that enhance its market position. Renowned for its reliable services and innovative approach, Genco Shipping continues to be a leader in the maritime industry, dedicated to meeting the evolving needs of its clients.
11
DitchCarbon score
-14 vs industry average
Genco Shipping And Trading’s score of 11 is lower than 19% 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
High
Transport Equipment Manufacturing has above-average carbon intensity
Industry performance
0.533
20182025
The Transport Equipment Manufacturing industry has reduced its overall emissions by 31% since 2018
Emissions trajectory 2020 – 2025
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Genco Shipping And Trading's reported carbon emissions
Genco Shipping And Trading's latest reported emissions for 2022 include approximately 901,575,000 kg CO2e for Scope 1 and 18,000 kg CO2e for Scope 2. In 2021, the company's Scope 1 emissions were approximately 961,565,000 kg CO2e, and in 2020, they were approximately 1,055,318,000 kg CO2e. There is no publicly available data for Scope 3 emissions. The company has not set specific emissions reduction targets for its own operations; however, a document referencing other entities indicates a commitment to reduce absolute Scope 1 and 2 GHG emissions by 46% by 2030 from a 2019 base year, and another target to reduce CO2 emissions by 55% by 2025 by utilising LNG and bio-fuels. These targets are not explicitly stated as Genco Shipping And Trading's own.
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Genco Shipping And Trading’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
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.
Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Genco Shipping And Trading27 days ago
11
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