EX-99.1 2 egle-2022emissionsdata.htm EX-99.1

Eagle Bulk Shipping Inc. 2022 Emissions Metrics

Metric

Unit of Measure

Data 2020

Data 2021

Data 2022

SASB Reference

CO2 Emissions

Gross global Scope 1 emissions: Financial control approacha

Metric tons (t) CO₂-e

853,860

895,060

877,666

TR-MT-110a.1

Discussion of long-term and short-term strategy or plan to manage Scope 1 emissions, emissions reduction targets, and an analysis of performance against those targets

Please refer to our published ESG Sustainability reports available on our website at www.eagleships.com/ESG

TR-MT-110a.2

Gross global Scope 2 emissions: Purchased electricitya

Metric tons (t) CO₂-e

30

35

44

n/a

Energy Consumed

Total energy consumedb

Gigajoules, Percentage

11,883,225 100%

12,460,154 100%

11,505,492 100%

TR-MT-110a.3

Percentage heavy fuel oil

Gigajoules, Percentage

10,633,885 89%

10,163,661 86%

9,621,627 84%

EEDI

Average Energy Efficiency Design Index (EEDI) for new ships added to the fleet during the reporting periodc

Grams of CO2 per ton-nautical mile

No purchased vessels delivered in 2020

3.85

4.11

TR-MT-110a.4

AER

Average Efficiency Ratio (AER)

Grams of CO2 per deadweight ton-nautical mile

5.20

5.55

5.43

n/a

EEOI

Energy Efficiency Operational Indicator (EEOI)

Grams of CO2 per cargo ton-nautical mile

8.34

8.75

8.57

n/a

---

Transport Work

Total transport work

Cargo ton-nautical mile

102.3 billion

102.3 billion

102.4 billion

n/a

Other Emissions to Air

NOx (excluding N2O)d

Metric tons

21,747

22,945

20,872

TR-MT-120a.1

SOxd

Metric tons

2,259

2,251

2,098

Particulate matterd

Metric tons

188

194

191

Notes

A

CO2 EMISSIONS (METRIC TONS CO2-e): Scope 1 calculations are based on the IMO emission factors and fuel consumption for the year. The financial control approach defined by the GHG Protocol has been applied. This includes company owned vessels only. Scope 2 emissions are based on conversion factors from the The U.S. Energy Information Administration (EIA), Danish Energy Agency, and the Energy Market Authority (EMA) of Singapore.

B

TOTAL ENERGY CONSUMPTION: Calculated based on available data on fuel purchases by using the fuel properties defined by DEFRA, Conversion factors, 2022 – note that properties concerning Light Fuel Oil were obtained from the IMO. The figure includes all owned vessels and covers Scope 1 emissions.

C

AVERAGE ENERGY EFFICIENCY DESIGN INDEX (EEDI) FOR NEW SHIPS: The EEDI provided represents a simple average of EEDI for new ships entering the fleet during the period. Note however, that the requirement to have an EEDI measurement became effective for ships built after January 1, 2013. Ships we may acquire that were built before this date will not have an EEDI measurement and will be excluded from the average. For 2021, this means that the figure provided in the table excludes three of the ships we acquired, as they were built in 2011.

D

PARTICULATE MATTER (PM), NOX, SOX EMISSIONS (METRIC TONS): Eagle Bulk has adopted the recommendations of the IMO’s Fourth GHG Study for estimating emissions of CO2, NOX, SOX, and PM from ships. In cases where Eagle elects to deviate from the approach outlined in the IMO’s Fourth GHG Study, these deviations have been documented. It is expected that the IMO will continue to update its emissions estimate calculation recommendations over time and Eagle may choose to modify its approach accordingly. In cases where fuel consumption breakdown by consumer, vessel age, rated auxiliary engine rpm, or other details are not available, a specific set of assumptions will be used to estimate emissions inventories as follows: 80% of total HFO and MDO consumed will apply to main engine emissions contribution; 17% of total HFO and MDO consumed will apply to auxiliary engine emissions contribution; and 3% of total HFO and MDO consumed will apply to boiler emissions contribution. Vessel age will be taken from Clarkson’s database or other similar vessel information database. Auxiliary engine rated rpm will be assumed as 900 rpm for any Supramax and Ultramax vessel where the rated engine rpm is not known.

---

Disclaimer

This report was prepared by the Company using the emissons-related sections of the Marine Transportation Sustainability Accounting Standard, as established by the Sustainability Accounting Standards Board, as well as additional emissions metrics commonly used within the marine transportation industry. Information provided herein is based on the best available data at the time the report was issued. We generated some of this data internally. In cases where actual figures were not available, estimates have been provided.