Euronav

Euronav's reported carbon emissions

In 2023, Euronav reported total carbon emissions of approximately 3.02 billion kg CO2e, comprising 2.23 billion kg CO2e from Scope 1, 175,000 kg CO2e from Scope 2, and 789,791 kg CO2e from Scope 3 emissions. This marks a slight increase from 2022, when total emissions were approximately 2.81 billion kg CO2e. The company has set ambitious climate commitments, aiming to reduce carbon dioxide emissions per transport work by at least 40% by 2030, with a long-term goal of achieving a 70% reduction by 2050, both compared to 2008 levels. Additionally, Euronav targets a 50% reduction in total annual greenhouse gas emissions by 2050, while pursuing efforts to phase them out entirely. Euronav's near-term goals include reducing Scope 1 emissions by 10% and Scope 2 emissions by 27% by 2025, using 2020 as a baseline. The company also aims to reduce its Scope 2 emissions to near zero by the middle of this decade. These initiatives reflect Euronav's commitment to sustainability and align with industry standards for climate action. Euronav operates as a current subsidiary of Euronav MI II Inc., with emissions data cascaded from this parent organization. The company is actively working towards its climate targets while navigating the complexities of emissions reporting and reduction in the shipping industry.