Tsakos Energy Navigation Ltd. (TEN) is a prominent player in the maritime industry, headquartered in Greece. Established in 1993, the company has carved a niche in the sector of other business services, particularly focusing on the transportation and management of crude oil and petroleum products. With a fleet that includes a diverse range of tankers, TEN stands out for its commitment to safety, efficiency, and environmental sustainability.
Operating primarily in key maritime regions, Tsakos Energy Navigation has achieved significant milestones, including a robust market position bolstered by its innovative approach to shipping and logistics. The company’s core services encompass vessel management and chartering, which are distinguished by their reliability and adherence to international standards. TEN's dedication to excellence has earned it a reputation as a trusted partner in the global shipping industry.
-8 vs industry average
TSAKOS ENERGY NAVIGATION LTD’s score of 25 is lower than 44% 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
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
TSAKOS ENERGY NAVIGATION LTD's reported carbon emissions
TSAKOS ENERGY NAVIGATION LTD (TEN) reported approximately 1,190,079,400 kg CO2e for Scope 1 and 2 emissions in 2023. This figure represents a slight decrease from the approximately 1,250,212,400 kg CO2e reported for Scope 1 and 2 emissions in 2022. In 2021, the company disclosed Scope 2 emissions totalling approximately 395,900 kg CO2e, with Scope 1 data not reported for that year.
TEN's reporting primarily covers Scope 1 and Scope 2 emissions, with Scope 3 emissions data currently unavailable for purchased goods and services, business travel, and employee commute categories. The company has published ESG reports containing emissions data for 2023 and 2022, with an earlier report for 2022 that includes 2021 data. Production emission factors for Panamax and LNG vessels are also provided, indicating an industry focus on operational efficiency and emissions intensity within maritime transport.
Currently, there is no information available regarding specific reduction targets or commitments from TSAKOS ENERGY NAVIGATION LTD, such as those set by the Science Based Targets initiative (SBTi) or participation in the Climate Pledge.
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TSAKOS ENERGY NAVIGATION LTD’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for TSAKOS ENERGY NAVIGATION LTD yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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TSAKOS ENERGY NAVIGATION LTD
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