Safe Bulkers

Safe Bulkers Carbon Emissions and Climate Commitments

Headquartered in Greece, Safe Bulkers, a prominent player in sea and coastal water transportation services, is actively addressing its carbon footprint. The company is committed to significant emissions reductions, aiming for a 70% decrease by 2040 from its 2008 baseline. Furthermore, Safe Bulkers has set an ambitious goal of achieving net-zero emissions by 2050, building upon its 2023 reporting year.

In terms of emissions data, the most recent figures available are for 2024. In 2024, Safe Bulkers reported Scope 1 emissions totalling approximately 861,985,000 kg CO2e. This follows Scope 1 emissions of approximately 857,973,000 kg CO2e in 2023 and approximately 858,685,000 kg CO2e in 2022. For 2021, Scope 1 emissions were approximately 825,087,000 kg CO2e, and in 2020, Scope 1 emissions stood at approximately 869,494,000 kg CO2e. It is important to note that Scope 2 and Scope 3 emissions data are not currently disclosed by the company.

Safe Bulkers' climate commitments are underpinned by a strategic approach to reducing its environmental impact across its operations within the maritime industry. The company's reporting indicates a focus on Scope 1 emissions, primarily associated with fuel combustion on its vessels, which is a significant contributor to the sector's greenhouse gas output. While detailed Scope 2 and 3 data are pending, the established reduction targets signal a clear direction towards decarbonisation for the company.