Genco Shipping & Trading Ltd 2024 SR
The report highlights Genco Shipping & Trading Limited's sustainability performance for the 2024 fiscal year, emphasizing its top ranking in the Webber Research ESG Scorecard for the fourth consecutive year. Key achievements include an 8% reduction in Scope 1 greenhouse gas emissions compared to the previous year and the successful completion of its first biofuel voyages. The company continued its fleet modernization strategy, investing $632 million since 2018 in fuel-efficient vessels and installing energy-saving devices across most of its fleet. Social initiatives were marked by the launch of a female cadet program and a $100,000 sponsorship of The Seamen's Church Institute. Governance was strengthened by achieving a gender-balanced Board of Directors and maintaining active memberships in anti-corruption networks like MACN and TRACE.
Company: Genco Shipping & Trading Ltd
Sector: Industrials
Country: United States
Year: 2024
Type: SR
Pages: 33
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Genco Shipping & Trading Ltd
Sustainability Report
The report highlights Genco Shipping & Trading Limited's sustainability performance for the 2024 fiscal year, emphasizing its top ranking in the Webber Research ESG Scorecard for the fourth consecutive year. Key achievements include an 8% reduction in Scope 1 greenhouse gas emissions compared to the previous year and the successful completion of its first biofuel voyages. The company continued its fleet modernization strategy, investing $632 million since 2018 in fuel-efficient vessels and installing energy-saving devices across most of its fleet. Social initiatives were marked by the launch of a female cadet program and a $100,000 sponsorship of The Seamen's Church Institute. Governance was strengthened by achieving a gender-balanced Board of Directors and maintaining active memberships in anti-corruption networks like MACN and TRACE.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Sustainable Development Goals
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Women on Board
Employees