Precious Shipping PCL
Precious Shipping's GHG Emissions Data Preview
In 2023, Precious Shipping 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).
Precious Shipping has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Precious Shipping's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Precious Shipping amounted to 10,902 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).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Precious Shipping decreased by 1.74%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
Precious Shipping's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Precious Shipping's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Precious Shipping were 10,815 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Precious Shipping reduced its Scope 1 emissions over time?
Since 2021, Precious Shipping's Scope 1 emissions have decreased by 77.96%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Precious Shipping's Scope 1 emissions decreased by 1.92%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are Precious Shipping's Scope 2 emissions?
In 2023, Precious Shipping reported Scope 2 greenhouse gas (GHG) emissions of 87 tCOâ‚‚e using the location-based method.
Has Precious Shipping reduced its Scope 2 emissions over time?
Since 2021, Precious Shipping's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 35.94%, reflecting a rising long-term trend in Scope 2 emissions over time.
Compared to the previous year (2022), Precious Shipping's Scope 2 emissions (Location-Based) rose by 27.94% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy
What methodology does Precious Shipping use for Scope 2 reporting?
In 2023, Precious Shipping reported its Scope 2 emissions using the location-based method.
Precious Shipping's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
Insights into Precious Shipping's Value Chain Emissions
In 2023, Precious Shipping reported 526,782 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of Precious Shipping includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.
Precious Shipping's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Precious Shipping's Scope 3 emissions?
In 2023, Precious Shipping reported total Scope 3 emissions of 526,782 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.
Has Precious Shipping reduced its Scope 3 emissions over time?
Since 2021, Precious Shipping's Scope 3 emissions have increased by 10.29%, reflecting a rising long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), Precious Shipping's Scope 3 emissions remained relatively stable, indicating that Precious Shipping 's emissions have plateaued with no significant change in its value chain footprint.
What categories of Scope 3 emissions does Precious Shipping disclose?
In 2023, Precious Shipping reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Precious Shipping's Scope 3 emissions?
In 2023, the largest contributors to Precious Shipping's Scope 3 emissions were:
- Downstream Leased Assets (Cat. 13): 526,782 tCOâ‚‚e (100%)
Precious Shipping's Scope 3 Emissions by Categories
Insights into Precious Shipping's Total Carbon Footprint
In 2023, Precious Shipping reported a total carbon footprint of 537,684 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.03% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to Precious Shipping's total carbon footprint was Scope 3 emissions, accounting for 97.97% of the company's total carbon footprint, followed by Scope 1 emissions at 2.01%.