- Russia's invasion of Ukraine and global sanctions caused material disruptions in the supply chain process of global commodity transportation.
- Sanctions on commodities’ exports significantly affected day-to-day business.
- Crew management was affected by the crisis since all crew activities were disrupted while in Ukraine and Russia.
Tsakos Energy Navigation and its subsidiaries
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Tsakos Energy Navigation and its subsidiaries disclosed greenhouse gas emissions of 1.2M tCO2e/year. By scope: Scope 1: 1.2M tCO2e/year; Scope 2: 330.4 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
1.2M tCO2e/year
2022
Waste
5.2K m³ (garbage)/year
2022
Energy Use
16.5M GJ/year
2022
📊 Emissions by Scope (2022)
| 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). | 1.2M tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 330.4 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 |
|---|---|
| 2022 | 1.2M tCO2e/year |
| 2021 | 1.4M mt CO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 40% reduction of CO₂ emissions per transport work by 2030 (Baseline 2008 IMO). Overall: -8.50%
- Zero oil releases to the marine aquatic environment.
- Zero ballast water violations
- ODS=zero
- GWP ≤2500
- Zero sewage/greywater violations
- 0% hazardous materials identified onboard through fleet vessels supply chain
🎯 Climate & Sustainability Targets
🔜 Short-term
- 10% reduction in plastics wastes by 2025
- Calculate and report Scope 3 emissions for key suppliers, by 2025
📅 Medium-term
- 40% reduction of CO₂ emissions per transport work by 2030
🔭 Long-term
- Carbon neutrality by 2050
🌱 ESG Focus Areas
GovernanceSocial ImpactHealth, Safety & QualityEnergy Efficiency & DecarbonizationProtection of the Marine and Atmospheric EnvironmentHuman Resources & TrainingEconomic PerformanceResearch, Development & Innovation