Fred. Olsen Renewables
Fred. Olsen Renewables, a prominent player in the renewable energy sector, is headquartered in Norway (NO) and operates extensively across the UK and Europe. Founded in 1998, the company has established itself as a leader in the development and operation of wind farms, contributing significantly to the transition towards sustainable energy solutions. Specialising in onshore and offshore wind energy, Fred. Olsen Renewables is recognised for its innovative approach and commitment to environmental stewardship. The company has achieved notable milestones, including the successful commissioning of several large-scale wind projects, which have bolstered its market position. With a focus on delivering clean energy and reducing carbon footprints, Fred. Olsen Renewables continues to play a vital role in the global shift towards renewable energy, making it a key player in the industry.
DitchCarbon Score
How does Fred. Olsen Renewables'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 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 Renewables's score of 19 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Fred. Olsen Renewables's reported carbon emissions
In 2023, Fred. Olsen Renewables reported total carbon emissions of approximately 5,000,000 kg CO2e, comprising 321,000 kg CO2e from Scope 1, 670,000 kg CO2e from Scope 2, and about 4,438,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions were primarily driven by capital goods, which accounted for approximately 4,350,000 kg CO2e. In 2022, the company recorded total emissions of about 1,387,000 kg CO2e, with Scope 1 emissions at 282,000 kg CO2e, Scope 2 at 454,000 kg CO2e, and Scope 3 emissions reaching approximately 651,000 kg CO2e. The previous year, 2021, saw a significant increase in emissions, with total emissions reported at about 1,300,000 kg CO2e, primarily from Scope 1 and Scope 2, which were 213,000 kg CO2e and 1,058,000 kg CO2e, respectively. Fred. Olsen Renewables has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company operates within a challenging industry context, where the transition to renewable energy sources is critical for reducing overall carbon footprints.
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Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 38,500 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 26,200 | 0,000,000 | 000,000 | 000,000 |
| Scope 3 | 800,000,000 | - | 000,000 | 0,000,000 |
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 Renewables is committed to some reduction initiatives 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.
