TSAKOS ENERGY NAVIGATION LTD
Tsakos Energy Navigation Ltd. (TEN) is a prominent player in the global shipping industry, headquartered in Greece. Founded in 1993, the company has established itself as a leader in the transportation of crude oil and petroleum products, operating a modern fleet that includes very large crude carriers (VLCCs) and product tankers. With a strategic focus on safety and efficiency, TEN has achieved significant milestones, including a robust presence in key operational regions such as the Mediterranean, the Americas, and Asia. The company is renowned for its commitment to environmental sustainability and innovative shipping solutions, setting it apart in a competitive market. Recognised for its operational excellence, Tsakos Energy Navigation Ltd. continues to strengthen its market position, delivering reliable services to a diverse clientele while adhering to the highest industry standards.
DitchCarbon Score
How does TSAKOS ENERGY NAVIGATION LTD'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 Business Services 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
TSAKOS ENERGY NAVIGATION LTD's score of 30 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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TSAKOS ENERGY NAVIGATION LTD's reported carbon emissions
In 2023, Tsakos Energy Navigation Ltd, headquartered in Greece, reported total carbon emissions of approximately 1,190,079,400 kg CO2e, comprising about 1,189,769,000 kg CO2e from Scope 1 emissions and about 310,400 kg CO2e from Scope 2 emissions. This represents a slight decrease from 2022, where total emissions were approximately 1,250,212,400 kg CO2e, with Scope 1 emissions at about 1,249,882,000 kg CO2e and Scope 2 emissions at about 330,400 kg CO2e. The company has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or any formal climate pledges. However, the reported emissions data indicates a commitment to monitoring and potentially reducing their carbon footprint over time. The Annual Efficiency Ratio (AER) has shown an increase from 7,470 tonnes in 2019 to 8,700 tonnes in 2021, suggesting a focus on improving operational efficiency. Overall, while specific reduction targets are not available, Tsakos Energy Navigation Ltd's emissions data reflects ongoing efforts to manage and report on their carbon emissions in alignment with industry standards.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 1,249,882,000 | 0,000,000,000 |
| Scope 2 | 330,400 | 000,000 |
| 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.
TSAKOS ENERGY NAVIGATION LTD 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.
