TEN Ltd. Announces the Release of its Inaugural Environmental, Social and Governance Report

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Ten Ltd. (NYSE:TNP) has released its inaugural 2021 Environmental, Social, and Governance (ESG) Report, highlighting its sustainability strategy in line with the Sustainability Accounting Standards Board (SASB) and Global Reporting Initiative (GRI). The report reflects the company's commitment to the UN Sustainable Development Goals, aiming to showcase its efforts in promoting sustainable business practices. COO George Saroglou emphasized the company's dedication to fostering positive impacts on the global community as part of its growth strategy.

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• Release of the inaugural ESG Report showcasing sustainability strategy.
• Commitment to align with UN Sustainable Development Goals.
• Increased transparency for stakeholders regarding business practices.

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• None.

ATHENS, Greece, Dec. 19, 2022 (GLOBE NEWSWIRE) -- TEN Ltd. (“TEN”) (NYSE:TNP) (the “Company”), a leading diversified crude, product and LNG tanker operator, is pleased to announce the release of its inaugural 2021 Environmental, Social, and Governance (‘ESG’) Report, a comprehensive document that details the company’s sustainability strategy and performance in accordance with the Sustainability Accounting Standards Board (SASB), including the Global Reporting Initiative (GRI) and the company’s commitment to the UN Sustainable Development Goals (UN SDGs).

To download a copy of the report, please visit the Company’s website here.

“Since the Company's founding, we have embraced the responsibility of being an agent of change in our industry, and that responsibility extends to helping the global community transition to a more sustainable future.

Completing our inaugural ESG report is a step towards demonstrating our ongoing deep dedication to achieving meaningful and valuable sustainable business practices. We are proud to provide the 2021 ESG report as a new lens through which our stakeholders can learn about our business and the lasting, beneficial impacts we can create,” said Mr. George Saroglou, COO.

ABOUT TSAKOS ENERGY NAVIGATION
TEN, founded in 1993 and celebrating this year 29 years as a public company, is one of the first and most established public shipping companies in the world. TEN’s diversified energy fleet currently consists of 73 double-hull vessels including four dual-fuel LNG powered aframax vessels and two option one shuttle tankers under construction constituting a mix of crude tankers, product tankers and LNG carriers, totaling 8.5 million dwt.

ABOUT FORWARD-LOOKING STATEMENTS
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. TEN undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

For further information, please contact:

Company
Tsakos Energy Navigation Ltd.
George Saroglou
COO
+30210 94 07 710
gsaroglou@tenn.gr

Investor Relations / Media
Capital Link, Inc.
Nicolas Bornozis
Markella Kara
+212 661 7566
ten@capitallink.com

FAQ

What is the significance of Ten Ltd.'s inaugural ESG Report?

The report highlights Ten Ltd.'s commitment to sustainability and aligns its operations with recognized standards like SASB and GRI.

How does Ten Ltd. support the UN Sustainable Development Goals?

Ten Ltd. demonstrates its support by implementing sustainable practices detailed in its ESG Report.

When was Ten Ltd.'s 2021 ESG Report released?

The ESG Report was released on December 19, 2022.

What types of vessels does Ten Ltd. operate?

Ten Ltd. operates a diversified fleet of 73 double-hull vessels, including crude tankers, product tankers, and LNG carriers.

What is Ten Ltd.'s stock symbol?

Ten Ltd. trades under the stock symbol TNP on the NYSE.