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 15 is lower 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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Avance Gas's reported carbon emissions
In 2023, Avance Gas, headquartered in BM, reported total carbon emissions of approximately 476,509,000 kg CO2e. This figure includes 476,509,000 kg CO2e from Scope 1 emissions, which represent direct emissions from owned or controlled sources. Additionally, the company recorded 140 kg CO2e from Scope 2 emissions, related to purchased electricity, and 4,250 kg CO2e from Scope 3 emissions, specifically from business travel. Comparatively, in 2022, Avance Gas's emissions were about 446,727,000 kg CO2e, with Scope 1 emissions at 446,727,000 kg CO2e, Scope 2 emissions at 100 kg CO2e, and Scope 3 emissions at 9,850 kg CO2e. This indicates a slight increase in Scope 1 emissions year-on-year. Despite these figures, Avance Gas has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. The company does not appear to inherit emissions data from a parent organisation, maintaining its own reporting standards. Overall, while Avance Gas has shown a commitment to transparency in emissions reporting, further details on climate commitments and reduction strategies would enhance its sustainability profile.
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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 | 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.
