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Costamare Inc
Costamare's GHG Emissions Data Preview
In 2024, Costamare completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).
However, Costamare has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Verified Sources Behind Costamare’s Greenhouse Gas (GHG) Emissions Data
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Insights into Costamare's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofCostamare amounted to6,378,476metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Costamareincreased by 12.24%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Costamare's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Costamare's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Costamare were 6,377,604 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Costamare reduced its Scope 1 emissions over time?
Since 2022, Costamare's Scope 1 emissions have increased by 25.65%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year(2023), Costamare's Scope 1 emissions increased by 12.24%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are Costamare's Scope 2 emissions?
In 2024, Costamare reported Scope 2 greenhouse gas (GHG) emissions of 545 tCOâ‚‚e using the market-based method and 872 tCOâ‚‚e using the location-based method.a
Has Costamare reduced its Scope 2 emissions over time?
Since 2022, Costamare's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have remained relatively stable, indicating that Costamare's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year(2023), Costamare's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Costamare's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Costamare use for Scope 2 reporting?
In 2024, Costamare reported its Scope 2 emissions using the market-based method and using the location-based method.a
Costamare's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Costamare’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Costamare reported Scope 1 greenhouse gas (GHG) emissions of 6,377,604 tCOâ‚‚e and total revenues of USD 2,084 millions. This translates into an emissions intensity of 3,060.43 tCOâ‚‚e per millions USD.a
Costamare's Scope 1 Emissions Intensity Compared to Peers
How does Costamare's GHG emissions intensity compare to its peers?
In 2024, Costamare reported a Scope 1 emissions intensity of 3,060.43 tCOâ‚‚e per millions USD. Compared to the peer group median of 536.33, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Costamare rank on GHG emissions intensity within its industry?
In 2024, Costamare ranked 23 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places Costamare among the least efficient performers, with one of the highest emissions intensities in its sector.a