DeepOcean Group Holding AS Sustainability Profile
DeepOcean Group Holding AS, headquartered in Norway, is a leading player in the subsea services industry, specialising in underwater engineering and marine operations. Founded in 1999, the company has established a strong presence in key operational regions, including Europe, the Americas, and Asia-Pacific. DeepOcean offers a comprehensive range of services, including subsea installation, inspection, maintenance, and repair, primarily for the oil and gas, renewable energy, and telecommunications sectors. Their innovative approach and advanced technology set them apart, enabling efficient and sustainable solutions for complex underwater challenges. With a commitment to safety and environmental stewardship, DeepOcean has achieved significant milestones, positioning itself as a trusted partner in the global subsea market. The company’s dedication to excellence and continuous improvement has earned it a reputation for reliability and expertise in the industry.
DitchCarbon Score
How does DeepOcean Group Holding AS'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
DeepOcean Group Holding AS's score of 24 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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DeepOcean Group Holding AS's reported carbon emissions
In 2023, DeepOcean Group Holding AS reported total carbon emissions of approximately 4,000,000 kg CO2e, comprising 1,727,000 kg CO2e from Scope 1, 209,000 kg CO2e from Scope 2, and 2,202,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions primarily stem from purchased goods and services, accounting for about 1,977,000 kg CO2e. The company has set ambitious climate commitments, aiming for a 45% reduction in fleet CO2 emissions by 2030, with a baseline year of 2020. Additionally, DeepOcean is committed to achieving net-zero emissions by 2040 across all scopes, including both Scope 1 and Scope 2 emissions. These targets reflect a long-term strategy to mitigate climate impact and align with industry standards for sustainability. DeepOcean's emissions data is independently reported and not cascaded from any parent organization, ensuring transparency in their climate commitments and performance.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,522,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 128,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 2,571,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is DeepOcean Group Holding AS's Industry?
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DeepOcean Group Holding AS's Scope 3 Categories Breakdown
DeepOcean Group Holding AS's Scope 3 emissions, which increased by 0% last year and decreased by approximately 14% since 2020, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 53% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the primary emissions source at 90% of Scope 3 emissions.
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DeepOcean Group Holding AS'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.
DeepOcean Group Holding AS 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.
