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 29 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Subsea 7's reported carbon emissions
In 2023, Subsea 7 reported total carbon emissions of approximately 656,624,000 kg CO2e, with emissions distributed across various scopes: 656,624,000 kg CO2e for Scope 1, 2,317,000 kg CO2e for Scope 2, and 49,552,000 kg CO2e for Scope 3. This reflects a slight increase in emissions compared to 2022, where total emissions were about 617,309,000 kg CO2e. Over the years, Subsea 7 has shown a trend of fluctuating emissions. In 2022, the company recorded approximately 617,309,000 kg CO2e, while in 2021, emissions were about 657,987,000 kg CO2e. The company’s Scope 1 emissions, which primarily stem from owned and chartered vessels, have consistently represented the largest portion of their total emissions. Despite the lack of specific reduction targets or initiatives disclosed, Subsea 7 continues to monitor and report its emissions across all three scopes, indicating a commitment to transparency in its climate impact. The company’s emissions intensity, measured as Scope 1 GHG emissions per million dollars of revenue, has shown a decrease from 0.131 in 2021 to 0.11 in 2023, suggesting improved efficiency relative to revenue generation. Overall, while Subsea 7 has not set formal reduction targets, its ongoing emissions reporting and slight improvements in emissions intensity reflect an awareness of climate commitments within the industry context.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 631,630,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 6,951,000 | 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 |
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 committed to any reduction initiatives 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.
