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 23 is higher than 85% 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 2022, Genco Shipping and Trading reported carbon emissions of approximately 901,575,000 kg CO2e from Scope 1 and 18,000 kg CO2e from Scope 2. This marked a decrease from 2021, where emissions were about 961,565,000 kg CO2e for Scope 1 only. The company has not disclosed any emissions data for 2023. Genco's emissions data indicates a commitment to monitoring and reporting its carbon footprint, although no specific reduction targets or initiatives have been outlined. The absence of Scope 3 emissions data suggests a focus primarily on direct emissions from operations. The company’s Energy Efficiency Operating Index (EEOI) has shown a slight improvement, with values of 0.00661 in 2022 and 0.00663 in 2021, indicating ongoing efforts to enhance operational efficiency. Overall, while Genco Shipping and Trading has made strides in tracking its emissions, further clarity on reduction commitments and strategies would strengthen its climate action narrative.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 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.
