Scorpio Tankers Inc

Common Name
Scorpio Tankers
Country
Monaco
Sector
Energy
Industry
Oil & Gas Midstream
Employees
24
Ticker
STNG
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Scorpio Tankers Inc. is a leading shipping company specializing in the transportation of refined petroleum products and other liquid cargoes. Operating a cutting-edge fleet of modern, fuel-efficient v...

Scorpio Tankers's GHG Emissions Data Preview

In 2023, Scorpio Tankers 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, Scorpio Tankers has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Scorpio Tankers’s Greenhouse Gas (GHG) Emissions Data

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a. Scorpio Tankers's Sustainability Report 2023
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Insights into Scorpio Tankers's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Scorpio Tankers amounted to 2,362,835 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 Scorpio Tankers increased by 1.39%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Scorpio Tankers's Scope 1 Emissions Over Time

202220230600 k1.2 M1.8 M2.4 MtCO2e+1%
  • Total Scope 1
  • Year-over-Year Change

What are Scorpio Tankers's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Scorpio Tankers were 2,362,449 metric tons of CO₂ equivalent (tCO₂e). a

Compared to the previous year (2022), Scorpio Tankers's Scope 1 emissions increased by 1.4%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Scorpio Tankers's Scope 2 emissions?

In 2023, Scorpio Tankers reported Scope 2 greenhouse gas (GHG) emissions of 386 tCO₂e without specifying the calculation method. a

Has Scorpio Tankers reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Scorpio Tankers's Scope 2 emissions (Unspecified Calculation Method) fell by 19.75% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does Scorpio Tankers use for Scope 2 reporting?

In 2023, Scorpio Tankers reported its Scope 2 emissions using an unspecified methodology. a

Scorpio Tankers's Scope 2 Emissions Over Time

202220230150300450600tCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Scorpio Tankers’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Scorpio Tankers reported Scope 1 greenhouse gas (GHG) emissions of 2,362,449 tCO₂e and total revenues of USD 1,341 millions. This translates into an emissions intensity of 1,761.42 tCO₂e per millions USD. a

Scorpio Tankers's Scope 1 Emissions Intensity Compared to Peers

2005,000200,0005,000,000100,000,000Scope 1 Emissions (tCO2e)5501,00010,000200,000Revenues (Millions of USD)HBeach EnergyYear: 2023Scope 1: 538,977 tCO2eRevenue: $M 7Scope 1 Intensity: 81,171.23 tCO2e/$MSinopec Kantons HoldingsYear: 2023Scope 1: 1,201 tCO2eRevenue: $M 78Scope 1 Intensity: 15.38 tCO2e/$MWilliams CompaniesYear: 2023Scope 1: 13,640,000 tCO2eRevenue: $M 10,907Scope 1 Intensity: 1,250.57 tCO2e/$MHHHess MidstreamYear: 2023Scope 1: 486,869 tCO2eRevenue: $M 1,346Scope 1 Intensity: 361.69 tCO2e/$MCMB.TECHYear: 2023Scope 1: 2,226,796 tCO2eRevenue: $M 1,235Scope 1 Intensity: 1,802.89 tCO2e/$MCheniere EnergyYear: 2023Scope 1: 9,730,770 tCO2eRevenue: $M 20,394Scope 1 Intensity: 477.14 tCO2e/$MNew Fortress EnergyYear: 2020Scope 1: 967,889 tCO2eRevenue: $M 452Scope 1 Intensity: 2,143.01 tCO2e/$MEnterprise Products PartnersYear: 2022Scope 1: 12,000,000 tCO2eRevenue: $M 58,186Scope 1 Intensity: 206.24 tCO2e/$MExcelerate EnergyYear: 2023Scope 1: 596,397 tCO2eRevenue: $M 1,159Scope 1 Intensity: 514.60 tCO2e/$MWestern Midstream PartnersYear: 2023Scope 1: 4,690,000 tCO2eRevenue: $M 3,106Scope 1 Intensity: 1,509.75 tCO2e/$MKinder MorganYear: 2024Scope 1: 15,400,000 tCO2eRevenue: $M 15,100Scope 1 Intensity: 1,019.87 tCO2e/$MAltaGasYear: 2022Scope 1: 1,904,084 tCO2eRevenue: $M 10,408Scope 1 Intensity: 182.94 tCO2e/$MQatar Gas Transport Co Ltd (Nakilat) (QPSC)Year: 2023Scope 1: 5,328,583 tCO2eRevenue: $M 996Scope 1 Intensity: 5,349.81 tCO2e/$MTormYear: 2023Scope 1: 1,558,254 tCO2eRevenue: $M 10,501Scope 1 Intensity: 148.39 tCO2e/$MMPLXYear: 2023Scope 1: 5,400,000 tCO2eRevenue: $M 10,434Scope 1 Intensity: 517.54 tCO2e/$MGibson EnergyYear: 2023Scope 1: 115,192 tCO2eRevenue: $M 8,320Scope 1 Intensity: 13.85 tCO2e/$MTarga ResourcesYear: 2022Scope 1: 8,406,000 tCO2eRevenue: $M 20,930Scope 1 Intensity: 401.63 tCO2e/$MPembina PipelineYear: 2023Scope 1: 2,842,868 tCO2eRevenue: $M 6,893Scope 1 Intensity: 412.45 tCO2e/$MKeyeraYear: 2023Scope 1: 1,504,200 tCO2eRevenue: $M 5,328Scope 1 Intensity: 282.34 tCO2e/$MPlains GP HoldingsYear: 2023Scope 1: 832,000 tCO2eRevenue: $M 48,712Scope 1 Intensity: 17.08 tCO2e/$MGolar LNGYear: 2023Scope 1: 584,778 tCO2eRevenue: $M 298Scope 1 Intensity: 1,959.52 tCO2e/$MFrontlineYear: 2023Scope 1: 2,317,363 tCO2eRevenue: $M 1,802Scope 1 Intensity: 1,285.86 tCO2e/$MScorpio TankersYear: 2023Scope 1: 2,362,449 tCO2eRevenue: $M 1,341Scope 1 Intensity: 1,761.42 tCO2e/$M

How does Scorpio Tankers's GHG emissions intensity compare to its peers?

In 2023, Scorpio Tankers reported a Scope 1 emissions intensity of 1,761.42 tCO₂e per millions USD. Compared to the peer group median of 495.87, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Scorpio Tankers rank on GHG emissions intensity within its industry?

In 2023, Scorpio Tankers ranked 18 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Scorpio Tankers among the least efficient performers, with one of the highest emissions intensities in its sector. a

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