Borr Drilling Sustainability Profile
Borr Drilling Limited, commonly referred to as Borr Drilling, is a prominent player in the offshore drilling industry, headquartered in BM. Founded in 2016, the company has rapidly established itself as a leader in providing high-quality drilling services across major operational regions, including the North Sea, Southeast Asia, and the Americas. Specialising in the development and operation of modern jack-up rigs, Borr Drilling distinguishes itself through its commitment to efficiency and safety. The company’s fleet is designed to meet the evolving demands of the energy sector, ensuring reliable performance in diverse environments. With a strong market position, Borr Drilling has achieved significant milestones, including the successful deployment of its rigs in various high-profile projects, solidifying its reputation as a trusted partner in the offshore drilling landscape.
DitchCarbon Score
How does Borr Drilling'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 Construction Work 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
Borr Drilling's score of 31 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Borr Drilling's reported carbon emissions
In 2023, Borr Drilling reported total carbon emissions of approximately 375,930,000 kg CO2e. This figure includes 281,187,000 kg CO2e from Scope 1 emissions, which primarily arise from direct operations, and 168,000 kg CO2e from Scope 2 emissions, related to purchased electricity. Additionally, Scope 3 emissions totalled about 94,575,000 kg CO2e, encompassing indirect emissions from business travel, waste generated in operations, and fuel and energy-related activities. Comparatively, in 2022, Borr Drilling's total emissions were about 317,642,000 kg CO2e, indicating a significant increase in emissions year-on-year. The breakdown for 2022 shows Scope 1 emissions at 238,323,000 kg CO2e, Scope 2 at 139,000 kg CO2e, and Scope 3 at 79,180,000 kg CO2e. Borr Drilling has not publicly disclosed specific reduction targets or initiatives as part of its climate commitments. The company does not appear to have cascaded any emissions data from a parent organization, and there are no reported SBTi (Science Based Targets initiative) reduction targets. Overall, Borr Drilling's emissions data reflects the challenges faced by the drilling industry in managing carbon footprints, with a need for strategic initiatives to address climate change effectively.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 104,952,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 1,266,000 | 000,000 | 000,000 | - | 000,000 | 000,000 |
| Scope 3 | - | - | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Borr Drilling's Industry?
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Borr Drilling's Scope 3 Categories Breakdown
Borr Drilling's Scope 3 emissions, which increased by 19% last year and increased by approximately 123% since 2020, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 25% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 70% of Scope 3 emissions.
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Borr Drilling's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Borr Drilling has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
