Golden Ocean Sustainability Profile
Golden Ocean Group Limited, commonly referred to as Golden Ocean, is a prominent player in the shipping industry, headquartered in Bermuda (BM). Founded in 2004, the company has established itself as a leader in the dry bulk shipping sector, primarily operating in key markets across Asia, Europe, and North America. Specialising in the transportation of commodities such as iron ore and coal, Golden Ocean distinguishes itself through its modern fleet and commitment to operational efficiency. The company has achieved significant milestones, including a successful public listing and strategic fleet expansions, solidifying its market position. With a focus on sustainability and innovation, Golden Ocean continues to enhance its service offerings, making it a preferred choice for clients seeking reliable and environmentally responsible shipping solutions.
DitchCarbon Score
How does Golden Ocean'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
Golden Ocean's score of 30 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Golden Ocean's reported carbon emissions
In 2023, Golden Ocean, headquartered in Bermuda (BM), reported total carbon emissions of approximately 1,952,668,000 kg CO2e from Scope 1, 1,570 kg CO2e from Scope 2 (market-based), and 18,100 kg CO2e from Scope 3 (business travel). This reflects a slight increase in Scope 1 emissions compared to 2022, which recorded about 1,867,760,000 kg CO2e in Scope 1, 1,800 kg CO2e in Scope 2 (market-based), and 25,800 kg CO2e in Scope 3. Golden Ocean has set ambitious long-term climate commitments, aiming for a 15% reduction in Carbon Intensity Indicator (CII) by 2026 and a 30% reduction by 2030, both compared to 2019 levels. The company is also committed to achieving net zero emissions by 2050. These targets are part of their broader strategy to enhance sustainability across all scopes of emissions. The emissions data is cascaded from their parent company, Golden Ocean Group Limited, reflecting the company's commitment to transparency and accountability in its climate initiatives.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,566,274,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | 00,000 | 00,000 | 0,000 | 0,000 |
| Scope 3 | - | - | - | - | 00,000 | 00,000 |
How Carbon Intensive is Golden Ocean's Industry?
How Carbon Intensive is Golden Ocean's Location?
Golden Ocean's Scope 3 Categories Breakdown
Golden Ocean's Scope 3 emissions, which decreased by 30% last year and decreased by approximately 30% since 2022, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Golden Ocean'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.
Golden Ocean 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.
