Sincere Navigation Corp

Common Name
Sincere Navigation
Country
Taiwan
Sector
Industrials
Industry
Marine Shipping
Employees
N/A
Ticker
2605
Exchange
TAIWAN STOCK EXCHANGE
Description
Sincere Navigation Corporation is a prominent shipping company primarily engaged in the international transportation of bulk commodities. The firm’s main function is to facilitate global trade by prov...

Sincere Navigation's GHG Emissions Data Preview

In 2023, Sincere Navigation 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, Sincere Navigation 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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0000000
Total Scope 2
Unspecified Calculation Method
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b
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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 Sincere Navigation’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Sincere Navigation’s data sources below and access millions more through our Disclosure Search.

a. Sincere Navigation's Sustainability Report 2023
a. Sincere Navigation's Sustainability Report 2023
b. Sincere Navigation's Sustainability Report 2021
b. Sincere Navigation's Sustainability Report 2021

Insights into Sincere Navigation's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Sincere Navigation amounted to 287,940 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 Sincere Navigation increased by 7.51%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Sincere Navigation's Scope 1 Emissions Over Time

20192020202120222023090 k180 k270 k360 ktCO2e-8%-14%-3%+8%
  • Total Scope 1
  • Year-over-Year Change

What are Sincere Navigation's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Sincere Navigation were 287,919 metric tons of CO₂ equivalent (tCO₂e). a

Has Sincere Navigation reduced its Scope 1 emissions over time?

Since 2019, Sincere Navigation's Scope 1 emissions have decreased by 18.08%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2022), Sincere Navigation's Scope 1 emissions increased by 7.51%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Sincere Navigation's Scope 2 emissions?

In 2023, Sincere Navigation reported Scope 2 greenhouse gas (GHG) emissions of 21 tCO₂e without specifying the calculation method. a

Has Sincere Navigation reduced its Scope 2 emissions over time?

Since 2019, Sincere Navigation's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have decreased by 42.62%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2022), Sincere Navigation's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Sincere Navigation 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Sincere Navigation use for Scope 2 reporting?

In 2023, Sincere Navigation reported its Scope 2 emissions using an unspecified methodology. a

Sincere Navigation's Scope 2 Emissions Over Time

20192020202120222023010203040tCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Sincere Navigation’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Sincere Navigation reported Scope 1 greenhouse gas (GHG) emissions of 287,919 tCO₂e and total revenues of USD 138 millions. This translates into an emissions intensity of 2,088.12 tCO₂e per millions USD. a

Sincere Navigation's Scope 1 Emissions Intensity Compared to Peers

201,00050,0001,000,00050,000,000Scope 1 Emissions (tCO2e)502001,0005,00050,000Revenues (Millions of USD)ERCYCCU-Ming Marine TransportYear: 2023Scope 1: 490,629 tCO2eRevenue: $M 469Scope 1 Intensity: 1,046.99 tCO2e/$MEvergreen Marine Corp TaiwanYear: 2024Scope 1: 11,812,727 tCO2eRevenue: $M 14,151Scope 1 Intensity: 834.79 tCO2e/$MTaiwan Shin Kong SecurityYear: 2023Scope 1: 2,218 tCO2eRevenue: $M 251Scope 1 Intensity: 8.82 tCO2e/$MBES EngineeringYear: 2023Scope 1: 1,251 tCO2eRevenue: $M 618Scope 1 Intensity: 2.02 tCO2e/$MTaiwan CogenerationYear: 2023Scope 1: 4,633,614 tCO2eRevenue: $M 174Scope 1 Intensity: 26,577.12 tCO2e/$MCentury Iron and Steel IndustrialYear: 2022Scope 1: 1,083 tCO2eRevenue: $M 300Scope 1 Intensity: 3.61 tCO2e/$MShin Zu ShingYear: 2023Scope 1: 676 tCO2eRevenue: $M 328Scope 1 Intensity: 2.06 tCO2e/$MRexon IndustrialYear: 2023Scope 1: 426 tCO2eRevenue: $M 219Scope 1 Intensity: 1.95 tCO2e/$MAirtac International GroupYear: 2024Scope 1: 18,192 tCO2eRevenue: $M 936Scope 1 Intensity: 19.44 tCO2e/$MEEEastern Media InternationalYear: 2023Scope 1: 3,317 tCO2eRevenue: $M 190Scope 1 Intensity: 17.42 tCO2e/$MRRRadium Life TechYear: 2023Scope 1: 44 tCO2eRevenue: $M 244Scope 1 Intensity: 0.18 tCO2e/$MChina AirlinesYear: 2024Scope 1: 6,228,363 tCO2eRevenue: $M 6,223Scope 1 Intensity: 1,000.79 tCO2e/$MShihlin ElectricYear: 2023Scope 1: 3,872 tCO2eRevenue: $M 1,037Scope 1 Intensity: 3.73 tCO2e/$MTaiwan SecomYear: 2023Scope 1: 3,195 tCO2eRevenue: $M 557Scope 1 Intensity: 5.74 tCO2e/$MCCCleanawayYear: 2023Scope 1: 8,968 tCO2eRevenue: $M 139Scope 1 Intensity: 64.50 tCO2e/$MAmtran TechnologyYear: 2023Scope 1: 717 tCO2eRevenue: $M 541Scope 1 Intensity: 1.33 tCO2e/$MCHEMYear: 2024Scope 1: 1,286 tCO2eRevenue: $M 782Scope 1 Intensity: 1.65 tCO2e/$MStarlux AirlinesYear: 2023Scope 1: 589,857 tCO2eRevenue: $M 733Scope 1 Intensity: 805.22 tCO2e/$MWisdom Marine LinesYear: 2023Scope 1: 27,638 tCO2eRevenue: $M 546Scope 1 Intensity: 50.66 tCO2e/$MYYYang Ming Marine TransportYear: 2023Scope 1: 4,214,595 tCO2eRevenue: $M 4,584Scope 1 Intensity: 919.41 tCO2e/$MEva AirwaysYear: 2023Scope 1: 6,501,992 tCO2eRevenue: $M 6,531Scope 1 Intensity: 995.53 tCO2e/$MCCChicony Power TechnologyYear: 2023Scope 1: 2,608 tCO2eRevenue: $M 1,184Scope 1 Intensity: 2.20 tCO2e/$MAerospace Industrial DevelopmentYear: 2024Scope 1: 5,145 tCO2eRevenue: $M 1,201Scope 1 Intensity: 4.28 tCO2e/$MWan Hai LinesYear: 2024Scope 1: 4,471,249 tCO2eRevenue: $M 4,939Scope 1 Intensity: 905.30 tCO2e/$MCCCSBC Corp TaiwanYear: 2022Scope 1: 7,751 tCO2eRevenue: $M 716Scope 1 Intensity: 10.83 tCO2e/$MSincere NavigationYear: 2023Scope 1: 287,919 tCO2eRevenue: $M 138Scope 1 Intensity: 2,088.12 tCO2e/$M

How does Sincere Navigation's GHG emissions intensity compare to its peers?

In 2023, Sincere Navigation reported a Scope 1 emissions intensity of 2,088.12 tCO₂e per millions USD. Compared to the peer group median of 10.83 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Sincere Navigation rank on GHG emissions intensity within its industry?

In 2023, Sincere Navigation ranked 25 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

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