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 22 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Genco Shipping And Trading's reported carbon emissions
In 2022, Genco Shipping and Trading reported total carbon emissions of approximately 901,575,000 kg CO2e for Scope 1 and 18,000 kg CO2e for Scope 2. The company has not disclosed any Scope 3 emissions data. The emissions data for 2023 is currently unavailable, but the company continues to focus on improving its environmental performance. Genco Shipping has set ambitious climate commitments, aiming for a significant reduction in greenhouse gas emissions. The company is part of the broader shipping industry's efforts to decarbonise, with various initiatives in place to enhance energy efficiency and reduce emissions. Notably, Genco Shipping's performance is monitored through the Carbon Disclosure Project (CDP), ensuring transparency and accountability in its climate actions. The company has not specified any absolute reduction targets in its recent disclosures, but it is aligned with industry standards and practices aimed at reducing emissions over time. As the shipping sector faces increasing pressure to address climate change, Genco Shipping is expected to adapt and implement strategies that contribute to a more sustainable future.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 1,055,318,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | 00,000 |
| 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 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.
