2.2 Driving the Business
towards Net Zero by 2050
Scope 1 & 2 Emissions
To further improve transparency and the granularity of our ESG disclosures, in 2022 we have examined our company’s sources of emissions and initiated disclosing Scope 1 and Scope 2 emissions in a more structured way following GHG Protocol.(refer to our accounting policies in ESG Content Index).
As part of our ambition to expand decarbonisation targets, we will perform a deep-dive analysis in 2023 to define a methodology to calculate Scope 3 emissions.
Results: A reduction of emissions per ship
The following results reflect a reduction of emission per ship of 725MT with respect to 2021, and a reduction of 3.0% with respect to our Annual Efficiency Ratio (AER).
| Parameter | Units | 2022 VS 2021 | 2022 | 2021 | 2020 |
Scope 1: Own Operations (operational control approach |
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| Number of vessels included in emission calculation for the year | +39.8% | 123*
*The data include 10 vessels sold during 2022 |
88 | 89 | |
| Fuel use and resulting CO2 emissions- HSHFO | MT | + 219.1% | 64,001 | 20,058 | 20,451 |
| Fuel use and resulting CO2 emissions- VLSFO | MT | + 22.5% | 436,361 | 356,294 | 362,816 |
| Fuel use and resulting CO2 emissions- LSMGO | MT | +11.7% | 95,803 | 86,312 | 86,652 |
| CO2 emissions – certified by DNV | MT | +27.9% | 1,869,715 | 1,461,858 | 1,484,724 |
| Annual Efficiency Ratio (AER) – CO2 emissions in grams per ton-nautical mile – based on capacity work | gms/DW T- NM | -3.0% | 5.24
(on track for our 40% reduction target by 2028) |
5.40 | 5.70 |
Scope 2: Purchased Electricity (location-based) |
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| CO2 equivalent emissions | MT | Not applicable | 212.7 | Not reported | Not reported |