AKVA Group

AKVA Group's reported carbon emissions

AKVA Group, a leader in sea and coastal water transportation services headquartered in Norway, reported significant greenhouse gas (GHG) emissions for 2024. The company's total emissions for that year amounted to approximately 267.7 million kg CO2e. This figure is a comprehensive sum of Scope 1, 2, and 3 emissions. Breaking down the 2024 data, Scope 3 emissions constituted the largest portion, totalling approximately 253.7 million kg CO2e. Within Scope 3, the use of sold products was a major contributor, accounting for about 128.5 million kg CO2e. Purchased goods and services followed, with approximately 180 million kg CO2e, and upstream transportation and distribution contributed roughly 12.8 million kg CO2e. Scope 2 emissions for 2024 were approximately 10.7 million kg CO2e (market-based), with a location-based figure of about 422,000 kg CO2e. Scope 1 emissions for the same year were approximately 2.7 million kg CO2e. In 2023, AKVA Group's total reported emissions were approximately 38.9 million kg CO2e. Scope 1 emissions for this period were around 1.7 million kg CO2e, including mobile and stationary combustion. Scope 2 emissions totalled approximately 469,000 kg CO2e (location-based), with a notable portion from purchased heat. Scope 3 emissions in 2023 included approximately 34.4 million kg CO2e from purchased goods and services and about 2.2 million kg CO2e from waste generated in operations. For 2022, AKVA Group reported total Scope 1 and 2 emissions of approximately 1.8 million kg CO2e, with Scope 1 contributing about 1.3 million kg CO2e and Scope 2 around 500,000 kg CO2e (location-based). Scope 3 data was not disclosed for this year. AKVA Group's emissions data is cascaded from its parent organisation, AKVA group ASA, at level 1 as a current subsidiary. The company's climate commitments and specific reduction targets are not detailed in the provided information, nor are there indications of participation in initiatives like the Science Based Targets initiative (SBTi), CDP, RE100, CA100, or the Climate Pledge. However, the disclosure of Scope 1, 2, and 3 emissions across multiple years indicates a commitment to tracking and reporting its environmental impact within the sea and coastal water transportation services sector.