Solstad Farstad
Solstad Farstad ASA, commonly referred to as Solstad, is a leading provider of offshore services headquartered in Norway. Established in 2017 through the merger of Solstad Offshore and Farstad Shipping, the company operates primarily in the North Sea, Brazil, and Australia, catering to the oil and gas, renewable energy, and subsea sectors. With a diverse fleet of advanced vessels, including platform supply vessels (PSVs) and anchor handling tug supply vessels (AHTS), Solstad is renowned for its commitment to safety, sustainability, and innovation. The company has achieved significant milestones, including a strong market position bolstered by strategic partnerships and a focus on environmentally friendly operations. Solstad Farstad continues to set industry standards, making it a key player in the global offshore services market.
DitchCarbon Score
How does Solstad Farstad's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Maritime Transport industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Solstad Farstad's score of 28 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Solstad Farstad's reported carbon emissions
In 2023, Solstad Farstad reported carbon emissions of approximately 582,280,000 kg CO2e, with emissions solely from Scope 1 and Scope 3. The company has shown a notable decrease in Scope 1 emissions from 720,101,000 kg CO2e in 2022, indicating a commitment to reducing its carbon footprint. In previous years, emissions were as follows: in 2022, total emissions were about 720,101,000 kg CO2e (Scope 1: 720,101,000 kg CO2e, Scope 2: 177,000 kg CO2e, Scope 3: 720,101,000 kg CO2e); in 2021, emissions totalled approximately 711,552,000 kg CO2e (Scope 1: 711,552,000 kg CO2e, Scope 2: 171,000 kg CO2e); in 2020, they were around 696,888,000 kg CO2e (Scope 1: 696,888,000 kg CO2e, Scope 2: 203,000 kg CO2e); in 2019, emissions reached about 801,578,000 kg CO2e (Scope 1: 801,578,000 kg CO2e, Scope 2: 214,000 kg CO2e); and in 2018, they were approximately 714,722,000 kg CO2e (Scope 1: 714,722,000 kg CO2e, Scope 2: 156,000 kg CO2e). Despite these figures, Solstad Farstad has not publicly committed to specific reduction targets or initiatives, nor have they aligned with the Science Based Targets initiative (SBTi). The absence of defined reduction targets suggests a need for further commitment to climate action within the maritime industry context.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 714,722,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 156,000 | 000,000 | 000,000 | 000,000 | 000,000 | - |
| Scope 3 | - | - | - | - | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Solstad Farstad is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
