Avance Gas
Avance Gas, officially known as Avance Gas Holding Ltd, is a prominent player in the maritime transportation sector, specialising in the transportation of liquefied petroleum gas (LPG). Headquartered in Bermuda, the company operates primarily in key regions including the Middle East and Asia, catering to a global clientele. Founded in 2013, Avance Gas has quickly established itself as a leader in the LPG shipping industry, boasting a modern fleet of high-capacity vessels designed for efficiency and safety. The company’s core services revolve around the reliable and environmentally responsible transportation of LPG, setting it apart with its commitment to sustainability and operational excellence. Avance Gas has achieved significant milestones, including a strong market position characterised by a robust fleet and strategic partnerships, reinforcing its reputation as a trusted provider in the LPG shipping market.
DitchCarbon Score
How does Avance Gas'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 Gas/Diesel Oil 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
Avance Gas's score of 18 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Avance Gas's reported carbon emissions
In 2023, Avance Gas reported carbon emissions of approximately 476,509,000 kg CO2e, with emissions from Scope 1 accounting for the majority. The company also recorded Scope 2 emissions of about 140 kg CO2e and Scope 3 emissions of approximately 4,250 kg CO2e. In 2022, Avance Gas's emissions were slightly lower, at around 446,727,000 kg CO2e for Scope 1, with Scope 2 emissions at about 6,500 kg CO2e and Scope 3 emissions reaching approximately 9,850 kg CO2e. The trend shows a slight increase in Scope 1 emissions from 2021, which were about 471,450,000 kg CO2e, alongside Scope 2 emissions of 100 kg CO2e. Despite these figures, Avance Gas has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented climate pledges or SBTi (Science Based Targets initiative) commitments suggests that the company may still be in the early stages of formalising its climate strategy. Overall, while Avance Gas has made strides in transparency regarding its emissions, further commitments and reduction strategies will be essential for aligning with industry standards and addressing climate change effectively.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 449,043,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 000 | 0,000 | 000 |
| Scope 3 | - | - | 0,000 | 0,000 |
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.
Avance Gas 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.
