Borr Drilling Limited, commonly referred to as Borr Drilling, is a prominent player in the construction work sector, specifically focusing on offshore drilling services. Headquartered in BM, the company operates extensively in key regions including the North Sea, the Gulf of Mexico, and Southeast Asia. Founded in 2016, Borr Drilling has rapidly established itself as a leader in the industry, known for its innovative approach to drilling operations.
The company offers a diverse range of services, including the provision of modern jack-up rigs and drilling management solutions, which are distinguished by their efficiency and advanced technology. Borr Drilling's commitment to safety and operational excellence has earned it a strong market position, with notable achievements in project delivery and client satisfaction. As a forward-thinking entity in the construction work industry, Borr Drilling continues to set benchmarks for quality and reliability in offshore drilling.
-5 vs industry average
Borr Drilling’s score of 22 is lower than 43% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Construction Work has typical carbon intensity
Industry performance
The Construction Work industry has reduced its overall emissions by 39% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Borr Drilling's reported carbon emissions
Borr Drilling, headquartered in Bermuda and operating within the construction work (45) industry, has reported significant progress in its carbon emissions management. In 2023, the company's total GHG emissions were approximately 375.9 million kg CO2e. This figure comprises Scope 1 emissions totalling about 281.2 million kg CO2e, Scope 2 emissions at approximately 168,000 kg CO2e (market-based), and Scope 3 emissions amounting to about 94.6 million kg CO2e.
In 2022, Borr Drilling recorded total GHG emissions of approximately 317.6 million kg CO2e. This breakdown included Scope 1 emissions of around 238.3 million kg CO2e, Scope 2 emissions at approximately 139,000 kg CO2e (market-based), and Scope 3 emissions of about 79.2 million kg CO2e.
The company's commitment to reducing its environmental impact is further evidenced by year-on-year data. In 2021, total emissions were approximately 171.7 million kg CO2e, with Scope 1 emissions at around 163.3 million kg CO2e and Scope 3 emissions at approximately 8.4 million kg CO2e. Prior to this, in 2020, total emissions stood at about 212.6 million kg CO2e, with Scope 1 emissions at approximately 170.0 million kg CO2e and Scope 2 at about 114,700 kg CO2e.
Borr Drilling's emissions reporting for 2019 shows Scope 1 emissions of roughly 150.4 million kg CO2e and Scope 2 emissions of about 336,000 kg CO2e. For 2018, the company reported Scope 1 emissions of approximately 105.0 million kg CO2e and Scope 2 emissions of about 1.3 million kg CO2e.
While specific reduction targets and initiatives are not detailed in the provided data, Borr Drilling actively discloses its emissions across Scope 1, 2, and 3, demonstrating a commitment to transparency in its climate performance. Key areas contributing to its Scope 3 emissions include fuel and energy-related activities and upstream transportation and distribution. The company does note missing data points for Scope 3 categories such as purchased goods and services.
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Borr Drilling’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Borr Drilling yet.
Scope 3 top emissions categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Borr Drilling
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