In 2023, International Seaways 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, International Seaways has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 |
|---|---|---|
Total Scope 1 | 1,906,017a | 1,922,820a |
Total Scope 2 | ||
Unspecified Calculation Method | 37.04a | 17.59a |
Total Scope 3 | N/A | N/A |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1,778.3742a | 2,223.7745a |
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In 2023, the total operational greenhouse gas (GHG) emissions of International Seaways amounted to 1,906,054.04 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 International Seaways decreased by 0.87%, 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 International Seaways were 1,906,017 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2022), International Seaways's Scope 1 emissions remained relatively stable, indicating that International Seaways's emissions have plateaued with no significant change in its operational footprint.a
In 2023, International Seaways reported Scope 2 greenhouse gas (GHG) emissions of 37.04 tCO₂e without specifying the calculation method.a
Compared to the previous year (2022), International Seaways's Scope 2 emissions (Unspecified Calculation Method) rose by 110.57% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2023, International Seaways reported its Scope 2 emissions using an unspecified methodology.a
In 2023, International Seaways reported Scope 1 greenhouse gas (GHG) emissions of 1,906,017 tCO₂e and total revenues of USD 1,072 millions. This translates into an emissions intensity of 1,778.37 tCO₂e per millions USD.a
In 2023, International Seaways reported a Scope 1 emissions intensity of 1,778.37 tCO₂e per millions USD. Compared to the peer group median of 651.49, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, International Seaways ranked 19 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places International Seaways among the least efficient performers, with one of the highest emissions intensities in its sector.a