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 17 is higher than 55% 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 2023, Fred. Olsen Ocean Ltd. reported total carbon emissions of approximately 210,000,000 kg CO2e. This figure includes Scope 1 emissions from stationary combustion, which accounted for about 196,931,000 kg CO2e, and Scope 2 emissions from purchased electricity, totalling approximately 456,000 kg CO2e. Additionally, Scope 3 emissions were significant, with business travel contributing about 10,387,000 kg CO2e, purchased goods and services at approximately 193,000 kg CO2e, and waste generated in operations amounting to about 671,000 kg CO2e. The company has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). Furthermore, emissions data for 2020 shows a total of approximately 11,540,500 kg CO2e, primarily from Scope 1 and 2 emissions, highlighting a significant increase in emissions over the three-year period. Fred. Olsen Ocean Ltd. is a current subsidiary of Bonheur ASA, which may influence its emissions reporting and climate commitments. However, no specific climate pledges or initiatives have been disclosed at this time.
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| 2020 | 2023 | |
|---|---|---|
| Scope 1 | - | 000,000,000 |
| Scope 2 | - | 000,000 |
| Scope 3 | - | 00,000,000 |
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.
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.
