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 6 is lower than 68% 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 2024, Avance Gas reported carbon emissions of approximately 384,640,000 kg CO2e, a decrease from about 476,509,000 kg CO2e in 2023. This indicates a significant reduction in Scope 1 emissions, which are direct emissions from owned or controlled sources. Over the past few years, emissions have fluctuated, with 2022 emissions recorded at about 446,727,000 kg CO2e and 2021 at approximately 471,450,000 kg CO2e. The company has not disclosed any Scope 2 or Scope 3 emissions data. Despite the reductions, Avance Gas has not set specific science-based targets or climate pledges to further guide its emissions reduction efforts. The absence of documented reduction initiatives suggests a need for more structured climate commitments. The emissions data is sourced directly from Avance Gas Holding Ltd, with no cascaded data from a parent organization. Overall, while Avance Gas has made strides in reducing its carbon footprint, the lack of formal targets and comprehensive emissions reporting highlights an area for potential improvement in its climate strategy.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 449,043,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | - | - | - |
| Scope 3 | - | - | - | - | - |
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.
