Blue Water Shipping

Blue Water Shipping, a Denmark-based sea and coastal water transportation services company, reported total carbon emissions of approximately 975 million kg CO2e in 2023. This includes Scope 1 emissions of about 2.9 million kg CO2e, Scope 2 emissions of approximately 1.3 million kg CO2e, and Scope 3 emissions of roughly 970.9 million kg CO2e. A significant portion of their Scope 3 emissions, about 935 million kg CO2e, was attributed to upstream transportation and distribution.

In 2022, Blue Water Shipping's total emissions were not specified, but its individual scope emissions included approximately 2.5 million kg CO2e for Scope 1, around 1.3 million kg CO2e for Scope 2, and about 946 million kg CO2e for Scope 3. In 2021, the company reported approximately 2.4 million kg CO2e for Scope 1, about 1.2 million kg CO2e for Scope 2, and roughly 864.4 million kg CO2e for Scope 3. For 2020, Blue Water Shipping disclosed Scope 1 emissions of about 268,000 kg CO2e and Scope 2 emissions of roughly 645,000 kg CO2e, with a total of approximately 4.2 million kg CO2e, but no Scope 3 data was available for that year.

Blue Water Shipping has set near-term Science Based Targets initiative (SBTi) commitments. They aim to reduce absolute Scope 1 and 2 GHG emissions by 46.2% by 2031, using 2022 as a baseline year. Additionally, the company commits to reducing Scope 3 GHG emissions by 51.6% per ton kilometre within the same timeframe. These targets are consistent with reductions required to keep global warming to 1.5°C.