- Climate change and its impact on global emissions
- Complex challenges faced by the maritime industry
- Stringent environmental regulations (IMO, EU)
Costamare Inc.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Costamare Inc. disclosed greenhouse gas emissions of 5.7M tCO2e/year. By scope: Scope 1: 5.7M tCO2e/year; Scope 2: 815 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
5.7M tCO2e/year
2023
Renewable Energy
1%
of total energy
Waste
7.077 m3/year
2023
Energy Use
74.4K TJ/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). | 5.7M tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 815 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 | 5.7M tCO2e/year |
| 2021 | 5.0M tCO2e/year |
| 2020 | 3.9M tCO2e/year |
| 2019 | 4.2M tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 44% fleet AER reduction vs IMO Baseline Year 2008
- Average Efficiency Ratio (AER) improved by 13% (owned fleet) and 32% (overall fleet) compared to 2022
- 98% of fleet fitted with BWTS
- Pilot use of bunkering with biofuels
🌱 ESG Focus Areas
Environmental StewardshipSafeguarding the WorkforceTaking Care of SocietyRobust Internal Operations