Blue Water Shipping

Blue Water Shipping, headquartered in Denmark, reported total carbon emissions of approximately 975.1 million kg CO2e in 2023. This included Scope 1 emissions of around 2.9 million kg CO2e, Scope 2 emissions of approximately 1.3 million kg CO2e, and Scope 3 emissions of about 970.9 million kg CO2e. The largest contributor to Scope 3 emissions was upstream transportation and distribution, accounting for approximately 935.0 million kg CO2e.

For 2022, Blue Water Shipping reported Scope 1 emissions of approximately 2.5 million kg CO2e, Scope 2 emissions of about 1.3 million kg CO2e, and Scope 3 emissions of around 946.0 million kg CO2e. In 2021, Scope 1 emissions were approximately 2.4 million kg CO2e, Scope 2 emissions were about 1.2 million kg CO2e, and Scope 3 emissions totalled around 864.4 million kg CO2e. In 2020, the company reported Scope 1 emissions of approximately 268,000 kg CO2e and Scope 2 emissions of about 645,000 kg CO2e.

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