- Earnings volatility in the shipping industry
- Geo-political risks impacting crude oil supply and trade
- Trade barriers and disruptions
- Dependence on the Chinese economy
- Liquidity risk in the sale and purchase and time charter markets
- Finance risk due to USD denominated business and liabilities
- Difficulty in sourcing Indian officers for ships due to unfavorable taxes
- Cyber risk
The Great Eastern Shipping Company Limited
Greenhouse gas emissions & sustainability report data
In its 2021-04 to 2022-03 reporting, The Great Eastern Shipping Company Limited disclosed greenhouse gas emissions of 997.7K tCO2e/year. By scope: Scope 1: 979.1K tCO2e/year; Scope 2: 569.39 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
997.7K tCO2e/year
2021-04 to 2022-03
Water Usage
166.7K m3/year
2021-04 to 2022-03
Energy Use
11.2M GJ/year
2021-04 to 2022-03
📊 Emissions by Scope (2021-04 to 2022-03)
| 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). | 979.1K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 569.39 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 |
|---|---|
| 2021-04 to 2022-03 | 997.7K tCO2e/year |
| 2020-04 to 2021-03 | 1.0M tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Biofuel blend bunkering and trials completed on one of the MR tankers
- Continued installation of ESDs like Mewis duct on selected vessels for improvement in energy efficiency and reduction in carbon emissions
- Installation of BWTS on selected vessels for prevention of spread of invasive species in marine environment
- Successful first drone delivery operation trials at Singapore anchorage
🎯 Climate & Sustainability Targets
📅 Medium-term
- Align with IMO 2030 strategy (reduce CO2 emissions by at least 40% by 2030)
🔭 Long-term
- Align with IMO 2050 strategy (reduce CO2 emissions by at least 50% by 2050)
🌱 ESG Focus Areas
Safety standardsEnvironmental protectionEnergy optimizationQuality of operationsSocial ResponsibilityEducationHealthLivelihood Development