TSAKOS ENERGY NAVIGATION LTD Sustainability Profile
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 33 is higher than 58% 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 1,189,769,000 kg CO2e, comprising 1,189,769,000 kg CO2e from Scope 1 emissions and 310,400 kg CO2e from Scope 2 emissions. The combined total for Scope 1 and Scope 2 emissions reached about 1,190,079,400 kg CO2e. This represents a reduction from 2022, where the company recorded approximately 1,249,882,000 kg CO2e in Scope 1 emissions and 330,400 kg CO2e in Scope 2 emissions, leading to a total of about 1,250,212,400 kg CO2e. Despite these figures, Tsakos Energy Navigation Ltd has not set specific reduction targets or climate pledges, nor do they report any Scope 3 emissions. The absence of documented reduction initiatives or commitments indicates a potential area for improvement in their climate strategy. The company’s emissions data is not cascaded from any parent organization, reflecting its independent reporting status. Overall, while Tsakos Energy Navigation Ltd has shown a decrease in emissions from 2022 to 2023, the lack of formal climate commitments or reduction targets suggests that further action may be necessary to align with industry standards for sustainability and climate responsibility.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 1,249,882,000 | 0,000,000,000 |
| Scope 2 | 330,400 | 000,000 |
| Scope 3 | - | - |
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TSAKOS ENERGY NAVIGATION LTD's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
TSAKOS ENERGY NAVIGATION LTD has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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