Fred. Olsen Cruise Lines
Fred. Olsen Cruise Lines, headquartered in Great Britain, has been a prominent player in the cruise industry since its founding in 1848. With a rich heritage spanning over 175 years, the company has evolved to offer unique cruise experiences across Europe, the Caribbean, and beyond.
Specialising in smaller, more intimate ships, Fred. Olsen provides personalised service and immersive itineraries that allow guests to explore off-the-beaten-path destinations. Their fleet, known for its traditional charm and modern amenities, sets them apart in a competitive market.
Recognised for their commitment to sustainability and exceptional customer service, Fred. Olsen Cruise Lines continues to maintain a strong market position, appealing to discerning travellers seeking memorable adventures at sea.
-5 vs industry average
Fred. Olsen Cruise Lines’s score of 22 is higher than 52% 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
Transport Equipment Manufacturing has typical carbon intensity
Industry performance
The Transport Equipment Manufacturing industry has reduced its overall emissions by 46% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Fred. Olsen Cruise Lines's reported carbon emissions
In 2023, Fred. Olsen Cruise Lines reported total carbon emissions of approximately 211,000,000 kg CO2e. This figure includes Scope 1 emissions of about 196,931,000 kg CO2e, primarily from stationary combustion, Scope 2 emissions of approximately 456,000 kg CO2e from purchased electricity, and Scope 3 emissions totalling around 13,000,000 kg CO2e, which encompasses business travel, purchased goods and services, and waste generated in operations. Comparatively, in 2022, the company recorded total emissions of approximately 188,000,000 kg CO2e, with Scope 1 emissions at about 180,233,000 kg CO2e, Scope 2 emissions of approximately 56,000 kg CO2e, and Scope 3 emissions around 5,243,000 kg CO2e. This indicates a rise in emissions from 2022 to 2023. Fred. Olsen Cruise Lines is a current subsidiary of Fred. Olsen Cruise Lines Limited, with emissions data cascaded from the parent company Bonheur ASA. However, there are currently no specific reduction targets or climate pledges documented, indicating a potential area for future commitment and improvement in their sustainability initiatives.
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Fred. Olsen Cruise Lines’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Fred. Olsen Cruise Lines yet.
Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
Inherited from Bonheur ASA
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Fred. Olsen Cruise Lines
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