Subsea 7
Subsea 7, a leading global contractor in the offshore energy sector, is headquartered in the United Kingdom. Founded in 2002, the company has established a strong presence in key operational regions, including Europe, Africa, and the Americas. Specialising in subsea engineering, construction, and services, Subsea 7 is renowned for its innovative solutions that enhance the efficiency and safety of offshore projects. The company offers a diverse range of core services, including subsea installation, inspection, and maintenance, distinguished by its advanced technology and commitment to sustainability. With a robust market position, Subsea 7 has achieved numerous milestones, including significant contracts in renewable energy and oil and gas sectors, solidifying its reputation as a trusted partner in the industry.
DitchCarbon Score
How does Subsea 7'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 Other Services 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
Subsea 7's score of 51 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Subsea 7's reported carbon emissions
In 2023, Subsea 7 reported total carbon emissions of approximately 656,624,000 kg CO2e, with Scope 1 emissions accounting for about 656,624,000 kg CO2e and Scope 2 emissions at approximately 2,317,000 kg CO2e. The company also recorded Scope 3 emissions of about 49,552,000 kg CO2e. Subsea 7 has set ambitious climate commitments, aiming for Net Zero emissions for both Scope 1 and Scope 2 by 2050. Additionally, the company targets a 50% reduction in Scope 1 and Scope 2 GHG emissions by 2035, using 2018 as the baseline year. This commitment reflects a proactive approach to addressing climate change and aligns with industry standards for sustainability. Over the past few years, Subsea 7 has demonstrated a commitment to reducing its carbon footprint, with total emissions decreasing from approximately 673,000,000 kg CO2e in 2018 to 656,624,000 kg CO2e in 2023. This reduction highlights the company's ongoing efforts to enhance operational efficiency and implement sustainable practices within its operations.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 643,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 6,950,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 22,698,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Subsea 7 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.
