Fred. Olsen Ocean Ltd. Sustainability Profile
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 6 is lower than 77% 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., headquartered in Norway, currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of Bonheur ASA, which may influence its climate commitments and emissions reporting. As of now, there are no documented reduction targets or climate pledges from Fred. Olsen Ocean Ltd. However, emissions data and performance metrics may be inherited from its parent company, Bonheur ASA, at a cascade level of 1. This means that any climate initiatives or emissions reductions reported by Bonheur ASA could reflect on Fred. Olsen Ocean Ltd.'s overall environmental strategy. In the absence of specific emissions figures, it is essential to note that the company is part of an industry increasingly focused on sustainability and reducing carbon footprints. The maritime sector is under pressure to align with global climate goals, and companies like Fred. Olsen Ocean Ltd. are expected to develop and implement robust strategies to address climate change. For further insights into their climate commitments, stakeholders may need to refer to Bonheur ASA's sustainability reports or initiatives, as these may provide a clearer picture of the environmental performance and targets that could impact Fred. Olsen Ocean Ltd.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 95,797,000 | 000,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,783,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 1,900,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Fred. Olsen Ocean Ltd.'s Industry?
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Fred. Olsen Ocean Ltd.'s Scope 3 Categories Breakdown
Fred. Olsen Ocean Ltd.'s Scope 3 emissions, which decreased by 81% last year and increased by approximately 859% since 2021, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 56% of Scope 3 emissions.
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Fred. Olsen Ocean Ltd.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Fred. Olsen Ocean Ltd. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
