In 2023, Tsakos Energy 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, Tsakos Energy Navigation has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 |
|---|---|---|
Total Scope 1 | 1,189,769a | 1,249,882a |
Total Scope 2 | ||
Unspecified Calculation Method | 310.4a | 330.4a |
Total Scope 3 | N/A | N/A |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1,337.4713a | 1,452.6755a |
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In 2023, the total operational greenhouse gas (GHG) emissions of Tsakos Energy Navigation amounted to 1,190,079.4 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 Tsakos Energy Navigation decreased by 4.81%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2023, the total Scope 1 emissions of Tsakos Energy Navigation were 1,189,769 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2022), Tsakos Energy Navigation's Scope 1 emissions decreased by 4.81%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2023, Tsakos Energy Navigation reported Scope 2 greenhouse gas (GHG) emissions of 310.4 tCO₂e without specifying the calculation method.a
Compared to the previous year (2022), Tsakos Energy Navigation's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Tsakos Energy Navigation's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2023, Tsakos Energy Navigation reported its Scope 2 emissions using an unspecified methodology.a
In 2023, Tsakos Energy Navigation reported Scope 1 greenhouse gas (GHG) emissions of 1,189,769 tCO₂e and total revenues of USD 890 millions. This translates into an emissions intensity of 1,337.47 tCO₂e per millions USD.a
In 2023, Tsakos Energy Navigation reported a Scope 1 emissions intensity of 1,337.47 tCO₂e per millions USD. Compared to the peer group median of 768.6, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, Tsakos Energy Navigation ranked 16 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Tsakos Energy Navigation is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a