Altera Infrastructure Sustainability Profile
Altera Infrastructure, headquartered in Bermuda (BM), is a prominent player in the offshore energy sector, specialising in the operation and management of floating production storage and offloading (FPSO) units. Founded in 2017, the company has rapidly established itself in key operational regions, including Brazil and the North Sea, delivering innovative solutions that enhance the efficiency and sustainability of oil and gas production. With a focus on providing high-quality FPSO services, Altera Infrastructure distinguishes itself through its commitment to safety, environmental stewardship, and operational excellence. The company has achieved significant milestones, including the successful deployment of advanced technologies that optimise production processes. Recognised for its strong market position, Altera Infrastructure continues to play a vital role in the evolving energy landscape, contributing to the transition towards more sustainable energy practices.
DitchCarbon Score
How does Altera Infrastructure'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
Altera Infrastructure's score of 35 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Altera Infrastructure's reported carbon emissions
In 2023, Altera Infrastructure reported total carbon emissions of approximately 984,884,000 kg CO2e. This figure includes 713,735,000 kg CO2e from Scope 1 emissions, which primarily arise from direct operations, and 4,912,000 kg CO2e from Scope 2 emissions, related to purchased electricity. Additionally, Scope 3 emissions totalled about 266,237,000 kg CO2e, encompassing various indirect emissions such as business travel and fuel-related activities. Comparatively, in 2022, the company recorded total emissions of about 1,136,596,000 kg CO2e, with Scope 1 emissions at 757,824,000 kg CO2e and Scope 2 emissions at 525,000 kg CO2e. The Scope 3 emissions for that year were approximately 375,772,000 kg CO2e. This indicates a significant reduction in total emissions from 2022 to 2023. Altera Infrastructure has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a need for further commitment to climate action within the industry context. The emissions data is sourced directly from Altera Infrastructure L.P., with no cascaded data from a parent or related organization. The company continues to operate within the global energy sector, where carbon emissions and climate commitments are increasingly scrutinised.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | 000,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 3 | 16,000 | 00,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Altera Infrastructure's Industry?
How Carbon Intensive is Altera Infrastructure's Location?
Altera Infrastructure's Scope 3 Categories Breakdown
Altera Infrastructure's Scope 3 emissions, which decreased by 29% last year and increased significantly since 2018, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 27% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 61% of Scope 3 emissions.
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Altera Infrastructure's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Altera Infrastructure has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
