In 2023, Danaos 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), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Danaos has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 |
|---|---|---|
Total Scope 1 | 3,119,979a | 3,675,991a |
Total Scope 2 | ||
Location-Based | 364.7a | 473.7a |
Total Scope 3 | 289,789a | 330,655a |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 3,204.6359a | 3,700.6223a |
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In 2023, the total operational greenhouse gas (GHG) emissions of Danaos amounted to 3,120,343.7 metric 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 2022, the total operational greenhouse gas (GHG) emissions of Danaos decreased by 15.13%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2023, the total Scope 1 emissions of Danaos were 3,119,979 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2022), Danaos's Scope 1 emissions decreased by 15.13%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2023, Danaos reported Scope 2 greenhouse gas (GHG) emissions of 364.7 tCO₂e using the location-based method.a
Compared to the previous year (2022), Danaos's Scope 2 emissions (Location-Based) fell by 23.01% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2023, Danaos reported its Scope 2 emissions using the location-based method.a
In 2023, Danaos reported 289,789 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2023 disclosure of Danaos includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, up from 5 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2023, Danaos reported total Scope 3 emissions of 289,789 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2022), Danaos's Scope 3 emissions decreased by 12.36%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2023, Danaos reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2023, the largest contributors to Danaos's Scope 3 emissions were:a
In 2023, Danaos reported Scope 1 greenhouse gas (GHG) emissions of 3,119,979 tCO₂e and total revenues of USD 974 millions. This translates into an emissions intensity of 3,204.64 tCO₂e per millions USD.a
In 2023, Danaos reported a Scope 1 emissions intensity of 3,204.64 tCO₂e per millions USD. Compared to the peer group median of 365.55, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, Danaos ranked 22 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Danaos among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2023, Danaos reported a total carbon footprint of 3,410,132.7 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 14.9% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Danaos's total carbon footprint was Scope 1 emissions, accounting for 91.49% of the company's total carbon footprint, followed by Scope 3 emissions at 8.5%.a