- Geopolitical tension and attacks on cargo vessels in the Red Sea
- Stringent environmental regulations (CII, EEXI, EU ETS, FuelEU)
- Need to adopt new technologies and fuels for decarbonization
- Maintaining crew wellbeing amidst geopolitical challenges
Taylor Maritime Investments Limited
Greenhouse gas emissions & sustainability report data
In its 2023-04 to 2024-03 reporting, Taylor Maritime Investments Limited disclosed greenhouse gas emissions of 439.5K tCO2e/year. By scope: Scope 1: 11.0K tCO2e/year; Scope 2: 6 tCO2e/year; Scope 3: 428.4K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
439.5K tCO2e/year
2023-04 to 2024-03
📊 Emissions by Scope (2023-04 to 2024-03)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 11.0K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 6 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 428.4K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-04 to 2024-03 | 439.5K tCO2e/year |
| 2022-04 to 2023-03 | 551.9K tCO2e/year |
| 2021-03-31 to 2022-03-31 | 269.3K tCO2e (Scope 1 & 3) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Year-on-year reduction of 4% in TMI fleet carbon intensity (AER) and 7% in Combined fleet carbon intensity (AER)
- 85% of the TMI fleet fitted with at least three energy-saving devices
- Independent verification of GHG footprint for both TMI and Grindrod Shipping
- Divestment of older, less efficient vessels
- Reduced plastic consumption onboard by installing water fountains and reusable water bottles
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce total annual GHG emissions by at least 20% (vs 2008 baseline)
📅 Medium-term
- Reduce fleet CO2 emissions intensity by at least 40% (vs 2008 baseline)
- Increase uptake of interim lower emissions fuels
🔭 Long-term
- Net zero GHG emissions by 2050
🌱 ESG Focus Areas
Responsible InvestmentClimate Change & Environmental ManagementHealth, Safety & DevelopmentCommunity EngagementCompliance & ConductCorporate Governance