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Public Profile
Maritime Transport
BE
updated a month ago

Euronav

Company website

Euronav NV, a leading player in the maritime industry, is headquartered in Antwerp, Belgium. Founded in 2004, the company has established itself as a prominent operator of large crude oil tankers and floating storage units, primarily serving the global oil and gas sector. With a strong presence in key operational regions, including Europe, Asia, and the Americas, Euronav is renowned for its commitment to safety and environmental sustainability. The company’s core services encompass the transportation and storage of crude oil, leveraging a modern fleet that includes some of the largest vessels in the world. Euronav's innovative approach to shipping and its strategic focus on efficiency have positioned it as a market leader, recognised for its operational excellence and robust financial performance. Notable achievements include a strong track record in fleet management and a commitment to reducing carbon emissions in maritime transport.

DitchCarbon Score

How does Euronav'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.

29

Industry Average

Mean score of companies in the Maritime Transport 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.

9

Industry Benchmark

Euronav's score of 29 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.

65%

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Euronav's reported carbon emissions

In 2023, Euronav reported total carbon emissions of approximately 3,016,762,000 kg CO2e. This figure includes Scope 1 emissions of about 2,226,796,000 kg CO2e, Scope 2 emissions of approximately 175,000 kg CO2e, and Scope 3 emissions totalling around 789,791 kg CO2e. The previous year, 2022, saw total emissions of about 2,809,404,000 kg CO2e, with Scope 1 at approximately 2,155,984,000 kg CO2e, Scope 2 at around 157,000 kg CO2e, and Scope 3 at about 653,262 kg CO2e. Euronav has set ambitious climate commitments, aiming to reduce its Scope 1 emissions by 10% by 2025 from a 2020 baseline and to achieve near-zero Scope 1 and Scope 2 emissions by the middle of this decade. Additionally, the company targets a reduction of carbon dioxide emissions per transport work by at least 40% by 2030, with aspirations to reach 70% by 2050, compared to 2008 levels. Furthermore, Euronav aims to cut total annual greenhouse gas emissions by at least 50% by 2050 relative to 2008 levels, with efforts towards phasing them out entirely. These commitments reflect Euronav's proactive approach to addressing climate change within the shipping industry, aligning with global sustainability goals.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2017201820192020202120222023
Scope 1
3,280,230,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
Scope 2
400,000
000,000
000,000
000,000
000,000
000,000
000,000
Scope 3
635,830,000
000,000,000
000,000
000,000
000,000
000,000
000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Euronav's primary industry is Sea and coastal water transportation services, which is high in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Euronav is in BE, which has a very low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Euronav is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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