- Lack of commercially viable solution for carbon-free marine transportation
- Increasing international scrutiny to ensure strict compliance with anti-corruption and anti-bribery laws
- Managing risks in operations inherent in the shipping industry (hazardous weather conditions and cargo handling at ports)
Pangaea Logistics Solutions Ltd
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Pangaea Logistics Solutions Ltd disclosed greenhouse gas emissions of 346.5K tCO2e. By scope: Scope 1: 346.5K tCO2e; Scope 2: 75 tCO2e. 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
346.5K tCO2e
2023
Energy Use
4.7M GJ
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). | 346.5K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 75 tCO2e |
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 | 346.5K tCO2e |
| 2022 | 359.1K tCO2e/year |
| 2021 | 296.3K tCO2e |
| 2020 | 333.7K tCO2e |
| 2019 | 333.7K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Decreased wAER by 3%
- Decreased total energy consumption by 7.9%
- 100% of Pangaea’s owned fleet was equipped with modern ballast water treatment systems
- Nordic Nuluujaak received the ice class bulker silent designation certification from DNV making the 1st bulker to receive a key silent designation
🎯 Climate & Sustainability Targets
🔜 Short-term
- Establish a tangible target for the recycling of waste
🌱 ESG Focus Areas
EnvironmentSocialGovernance