Gearbulk ESG Report 2023 - Report - Page 20
GEARBULK
SCOPE 2
INDIRECT EMISSIONS:
CARBON DIOXIDE
Scope 2 emissions cover indirect emissions from the gener-
Electricity consumption
ation of purchased electricity, steam, heating and cooling
Electricity is the main energy source used by our o昀케ces. All
consumed by Gearbulk across all o昀케ces where we operate.
energy sources are included in the emission data. The CO2
emission factor (Kg CO2 per kWh) from our o昀케ces’ local
energy supplier is used where available. We have applied the
market base approach to calculate the electricity consumption
in the report.
During 2023 total emissions resulting from our administration
buildings equalled 99.36 tCO2e. This is a decrease of 11% from
the previous year mainly due to updated emission factors
and the sale of our Terminal in the US.
Indirect Emissions
Scope 2 Emissions (location based)
20
PART 2 – ENVIRONMENT
Unit
2022
Change from
Base Year
2023
Change from
Base Year
tCO2e
99.36
-11%
80.72
-28%
