- Climate change and reducing emissions.
- Transition risks associated with global efforts to reduce carbon intensity in shipping (emerging cargo demand, regulatory dynamics).
- Maintaining a diverse and inclusive workforce.
- Achieving zero incidents in a high-risk industry.
Navigator Gas
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Navigator Gas disclosed greenhouse gas emissions of 1.1M tCO2e/year (Scope 1). By scope: Scope 1: 1.1M tCO2e/year; Scope 2: 69.5 tCO2e/year; Scope 3: 159.9K 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
1.1M tCO2e/year (Scope 1)
2023
Renewable Energy
<1%
of total energy
📊 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). | 1.1M tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 69.5 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 159.9K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Invested over $3 million in data collection and analysis for fleet efficiency improvements.
- Committed approximately $5 million to efficiency improvements projected to reduce GHG emissions by at least 16%.
- Achieved average fuel savings of 2-4% for LPG carriers through trim optimization.
- Improved vessel efficiency with advanced silicone-based hull coatings (e.g., 7-10% fuel reduction on MV HAPPY OSPREY).
- Mean AER improved by 1.8% over 2022, resulting in a 4.4% improvement in fleet sustainability score.
🎯 Climate & Sustainability Targets
📅 Medium-term
- Derive one-third of revenues from carrying green and blue cargo by 2030.
- Achieve 35% women in onshore management roles by 2028.
🔭 Long-term
- Contribute to the shipping industry’s target to reach net zero by 2050.
🌱 ESG Focus Areas
DecarbonizationDiversity, Equity, and Inclusion (DEI)Governance