Genco Shipping & Trading Ltd 2021 SR
The report highlights Genco Shipping & Trading Limited's ESG performance for the 2021 fiscal year, emphasizing its commitment to decarbonization and fleet modernization. Key achievements include a 9% year-over-year reduction in Scope 1 greenhouse gas emissions and the formation of a dedicated Board-level ESG Committee. The company invested $150 million in fuel-efficient Ultramax vessels and established an IMO 2023 compliance plan involving energy-saving devices. Genco also entered a joint venture to study ammonia as an alternative marine fuel and maintained a top ranking in the Webber Research ESG Shipping Scorecard.
Company: Genco Shipping & Trading Ltd
Sector: Industrials
Country: United States
Year: 2021
Type: SR
Pages: 19
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Genco Shipping & Trading Ltd
Sustainability Report
The report highlights Genco Shipping & Trading Limited's ESG performance for the 2021 fiscal year, emphasizing its commitment to decarbonization and fleet modernization. Key achievements include a 9% year-over-year reduction in Scope 1 greenhouse gas emissions and the formation of a dedicated Board-level ESG Committee. The company invested $150 million in fuel-efficient Ultramax vessels and established an IMO 2023 compliance plan involving energy-saving devices. Genco also entered a joint venture to study ammonia as an alternative marine fuel and maintained a top ranking in the Webber Research ESG Shipping Scorecard.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Energy Consumption
Women on Board
Employees