Genco Shipping And Trading
Genco Shipping and Trading Limited, commonly referred to as Genco Shipping, is a prominent player in the maritime shipping industry, headquartered in the United States. Founded in 2004, the company has established itself as a leading provider of dry bulk shipping services, operating a diverse fleet that includes Capesize, Panamax, and Supramax vessels. With a strong presence in key operational regions such as Asia, Europe, and North America, Genco Shipping focuses on transporting essential commodities like iron ore, coal, and grain. The company is recognised for its commitment to operational efficiency and sustainability, positioning itself as a reliable partner in global trade. Notable achievements include a robust market position and a reputation for maintaining high safety and environmental standards within the industry.
DitchCarbon Score
How does Genco Shipping And Trading'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 Transport Equipment Manufacturing 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
Genco Shipping And Trading's score of 12 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Genco Shipping And Trading's reported carbon emissions
In 2023, Genco Shipping and Trading reported carbon emissions of approximately 931,917,000 kg CO2e from Scope 1 sources and 129,000 kg CO2e from Scope 2, totalling about 932,046,000 kg CO2e. This marks a slight decrease from 2022, where emissions were approximately 901,575,000 kg CO2e for Scope 1 and 18,000 kg CO2e for Scope 2, resulting in a total of about 901,593,000 kg CO2e. Over the past few years, Genco has shown a trend of reducing its Scope 1 emissions, which decreased from approximately 1,055,318,000 kg CO2e in 2020 to 931,917,000 kg CO2e in 2023. However, there are no specific reduction targets or climate pledges documented, indicating a potential area for improvement in their climate commitments. The company operates within the maritime shipping industry, which is under increasing pressure to enhance sustainability practices and reduce greenhouse gas emissions. Genco's reported emissions and their ongoing efforts to improve energy efficiency, as indicated by their Average Energy Efficiency Operating Index (EEOI), reflect a commitment to addressing climate change, although more explicit targets would strengthen their position in the industry.
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Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,055,318,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | 00,000 | 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.
Genco Shipping And Trading is not committed to any reduction initiatives 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.
