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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) | 2023 | 2022 | 2021 | 2020 - 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 | ||||
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.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 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 Precious Shipping’s Greenhouse Gas (GHG) Emissions Data
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Insights into Precious Shipping's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions ofPrecious Shipping amounted to10,902metric 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 Precious Shippingdecreased by 1.74%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
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).a
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.a
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.a
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.a
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.a
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 energya
What methodology does Precious Shipping use for Scope 2 reporting?
In 2023, Precious Shipping reported its Scope 2 emissions using the location-based method.a
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.a
The 2023 disclosure of Precious Shipping includes a breakdown across 1of 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.a
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).a
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.a
Has Precious Shipping reduced its Scope 3 emissions over time?
Since 2021, Precious Shipping's Scope 3 emissionshave increased by 10.29%, reflecting a rising long-term trend in Scope 3 emissions over time.a
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.a
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.a
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:a
- Downstream Leased Assets (Cat. 13): 526,782 tCOâ‚‚e(100%)
Precious Shipping's Scope 3 Emissions by Categories
Insights into Precious Shipping’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Precious Shipping reported Scope 1 greenhouse gas (GHG) emissions of 10,815 tCOâ‚‚e and total revenues of USD 148 millions. This translates into an emissions intensity of 73.02 tCOâ‚‚e per millions USD.a
Precious Shipping's Scope 1 Emissions Intensity Compared to Peers
How does Precious Shipping's GHG emissions intensity compare to its peers?
In 2023, Precious Shipping reported a Scope 1 emissions intensity of 73.02 tCOâ‚‚e per millions USD. Compared to the peer group median of 823.14, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Precious Shipping rank on GHG emissions intensity within its industry?
In 2023, Precious Shipping ranked 6 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Precious Shipping is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
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.a
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%.a