Fred. Olsen Ocean Ltd.
Fred. Olsen Ocean Ltd., headquartered in Norway, is a prominent player in the maritime industry, specialising in offshore services and renewable energy solutions. Founded in 1848, the company has a rich history marked by significant milestones, including its expansion into the offshore wind sector, which has positioned it as a leader in sustainable maritime operations. With a focus on providing innovative solutions for offshore wind farms and other marine projects, Fred. Olsen Ocean offers a range of services, including installation, maintenance, and decommissioning. Their commitment to environmental sustainability and operational excellence sets them apart in a competitive market. Recognised for their expertise and reliability, Fred. Olsen Ocean continues to strengthen its market position, contributing to the global transition towards renewable energy.
DitchCarbon Score
How does Fred. Olsen Ocean Ltd.'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
Fred. Olsen Ocean Ltd.'s score of 14 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fred. Olsen Ocean Ltd.'s reported carbon emissions
In 2020, Fred. Olsen Ocean Ltd. reported total carbon emissions of approximately 11,540,500 kg CO2e, which encompasses Scope 1 and Scope 2 emissions. Notably, there were no reported emissions under Scope 2, indicating a potential focus on reducing direct emissions from operations. The company has not disclosed any specific reduction targets or initiatives, nor does it appear to have cascaded Science-Based Targets (SBTi) from its parent organization, Bonheur ASA, which is relevant for understanding its climate commitments. As a current subsidiary of Bonheur ASA, Fred. Olsen Ocean Ltd. inherits emissions data from this parent company, which may influence its overall sustainability strategy. However, the absence of defined reduction targets suggests that the company may still be in the early stages of formalising its climate commitments. Overall, while the emissions data provides a snapshot of the company's carbon footprint, further details on reduction initiatives and long-term climate strategies are necessary to fully assess its environmental impact and commitments.
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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.
Fred. Olsen Ocean Ltd. 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.
