Genco Shipping And Trading
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 vs industry average
Genco Shipping And Trading’s score of 16 is lower than 35% 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
Transport Equipment Manufacturing has typical carbon intensity
Industry performance
The Transport Equipment Manufacturing industry has reduced its overall emissions by 46% since 2019
Emissions trajectory 2020 – 2025
Reported emissions
Scope 3 accounts for ••• of total emissions.
Genco Shipping And Trading's reported carbon emissions
Genco Shipping and Trading Limited, headquartered in the US and operating in the "Other transport equipment (35)" sector, has reported its carbon emissions for recent years. In 2022, the company's Scope 1 emissions were approximately 901,575,000 kg CO2e, and its Scope 2 emissions were about 18,000 kg CO2e. For 2021, Genco Shipping and Trading reported Scope 1 emissions of approximately 961,565,000 kg CO2e. In 2020, Scope 1 emissions were reported as approximately 1,055,318,000 kg CO2e. While Genco Shipping and Trading has disclosed Scope 1 and Scope 2 emissions, it has not disclosed Scope 3 emissions for the years reported. The company is a participant in initiatives that aim to reduce greenhouse gas emissions within the shipping industry. For instance, some entities within the broader shipping sector have set targets such as reducing CO2 emissions by 55% by 2025 using alternative fuels like LNG, bio-fuels, and green hydrogen, or achieving a 50% reduction in total annual GHG emissions by 2030 compared to 2017 levels. Other companies have committed to absolute reductions in Scope 1 and 2 emissions, such as a 46% decrease by 2030 from a 2019 base year. Genco Shipping and Trading's specific reduction targets are not detailed in the provided data, beyond its participation in industry-wide efforts for decarbonisation.
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Genco Shipping And Trading’s Climate Goals (2030 & 2050)
2 goals2030
46% reduction in Scope 1
Siemens Energy commits to reduce absolute scope 1 and 2 GHG emissions 46% by 2030 from a 2019 base year.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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