- Geopolitical challenges in the Middle East and Ukraine conflict
- Persistent impacts of the COVID-19 pandemic
- Increased PSC detentions, deficiencies, and Conditions of Class in 2023 due to COVID-19
- Exposure to cyber attacks
Euroseas Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Euroseas Ltd. disclosed greenhouse gas emissions of 580.6K tCO2e/year. By scope: Scope 1: 580.6K 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
580.6K tCO2e/year
2023
Energy Use
7.8K GJ/year
2023
📊 Emissions by Scope (2023)
| 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). | 580.6K 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 | 580.6K tCO2e/year |
| 2022 | 557.1K tCO2e/year |
| 2021 | 474.4K tCO2e/year |
| 2020 | 549.8K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Decreased energy consumption ratio by 20%
- Decreased EEOI ratio by 4%
- Decreased SOx ratio by 5%
- 89.5% of vessels have Ballast water treatment plants installed
- Continued use of biofuels on 1 vessel
- 9 new Eco design, fuel efficient feeder containerships contracted (2 delivered in 2023)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase employee retention rates
- Complete installation of cyber security software on entire fleet
- Roll out environmental campaign across entire fleet by mid-2024
📅 Medium-term
- Implement similar modifications to other vessels to reduce fuel consumption
- Meet IMO's 2030, 2040 and 2050 GHG emission reduction targets
🔭 Long-term
- Net-zero emissions by 2050 (implied)
🌱 ESG Focus Areas
Environmental ProtectionSocial ResponsibilityGood Governance