Euronav
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.
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.
Industry Benchmark
Euronav's score of 15 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Euronav's reported carbon emissions
In 2023, Euronav reported total carbon emissions of approximately 3,016,762,000 kg CO2e. This figure includes about 2,226,796,000 kg CO2e from Scope 1 emissions, 175,000 kg CO2e from Scope 2, and approximately 789,791,000 kg CO2e from Scope 3 emissions. Over the years, Euronav has demonstrated a commitment to reducing its carbon footprint. From 2017 to 2023, the company has achieved a significant reduction in total emissions, decreasing from about 3,916,460,000 kg CO2e in 2017 to the latest figure in 2023. This represents a reduction of approximately 899,698,000 kg CO2e over the six-year period. Euronav's emissions profile shows a consistent focus on managing Scope 1 emissions, which have decreased from about 3,280,230,000 kg CO2e in 2017 to 2,226,796,000 kg CO2e in 2023. However, the company has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. Overall, Euronav's ongoing efforts reflect a proactive approach to addressing climate change within the maritime industry, although further details on specific reduction strategies would enhance their transparency and commitment to sustainability.
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Add to project| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| 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 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
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 committed to any reduction initiatives 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.
