In 2023, Tsakos Energy Navigation disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Tsakos Energy Navigation disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
| Metric (GJ) | 2023 | 2022 |
|---|---|---|
Total Energy Consumption | 15,600,583a | 16,456,399a |
Non-Renewable Energy Consumption | 15,600,583a | 16,456,399a |
Renewable Energy Consumption | 0a | 0a |
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In 2023, Tsakos Energy Navigation consumed a total of 15.6 million Gigajoules of energy across its operations. Of this total, 0% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 100% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.a
In 2023, Tsakos Energy Navigation consumed a total of 15.6 million Gigajoules of energy, of which 0% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.a
This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Tsakos Energy Navigation has considerable room to improve its energy sustainability strategy.
Since 2023, Tsakos Energy Navigation's total energy consumption decreased by 5.2%, suggesting a recent decline in overall energy demand.a