Golden Ocean
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 25 is higher than 62% 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 BM, reported total carbon emissions of approximately 1,952,668,000 kg CO2e from Scope 1, 2,050 kg CO2e from Scope 2 (market-based), and 36,950 kg CO2e from Scope 3 emissions. The Scope 1 emissions represent the majority of their carbon footprint, highlighting the significant impact of their operational activities. Comparatively, in 2022, the company recorded approximately 1,867,760,000 kg CO2e in Scope 1 emissions, 35,700 kg CO2e in Scope 2 (market-based), and 83,100 kg CO2e in Scope 3. This indicates a slight increase in Scope 1 emissions year-on-year, while Scope 2 emissions remained relatively stable. Golden Ocean's emissions data is cascaded from its parent company, Golden Ocean Group Limited, reflecting a corporate family relationship. However, the company has not set specific reduction targets or climate pledges, which may limit its accountability in addressing climate change. Overall, while Golden Ocean provides detailed emissions data across all three scopes, the absence of defined reduction initiatives suggests a need for enhanced climate commitments to align with industry standards and expectations.
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| 2018 | 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 |
| Scope 2 | - | 00,000 | 00,000 | 00,000 | 0,000 |
| Scope 3 | - | - | 0,000 | 00,000 | 00,000 |
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.
Golden Ocean 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.
