As of 2025, Precious Shipping has disclosed 8 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 3 absolute reduction targets and 5 intensity-based targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Precious Shipping's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 1 - Total, Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -20%a | 2030 |
Absolute-based Target* | Scope 1 - Total, Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -70%a | 2040 |
Absolute-based Target* | Scope 1 - Total, Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -50%a | 2050 |
Intensity-based Target* | Scope 1 - Total, Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Ton-Nautical Mile (TNM) | -14%a | 2025 |
Intensity-based Target* | Scope 1 - Total, Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Ton-Nautical Mile (TNM) | -16%a | 2026 |
Intensity-based Target* | Scope 1 - Total, Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Ton-Nautical Mile (TNM) | -40%a | 2030 |
Intensity-based Target* | Scope 1 - Total, Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Ton-Nautical Mile (TNM) | -39%a | 2034 |
Intensity-based Target* | Scope 1 - Total, Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Ton-Nautical Mile (TNM) | -70%a | 2050 |
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As of 2025, Precious Shipping has set greenhouse gas (GHG) emissions reduction targets that cover only its total carbon footprint, without separate targets for operational (Scope 1 and 2) or value chain (Scope 3) emissions. This limits the ability to track progress across distinct emissions categories.a