Golden Ocean Group Limited, commonly referred to as Golden Ocean, is a prominent player in the sea and coastal water transportation services industry. Headquartered in Bermuda (BM), the company has established a significant operational presence across key global shipping routes. Founded in 1996, Golden Ocean has achieved notable milestones, including a robust fleet of modern bulk carriers that cater to the transportation of dry bulk commodities.
The company’s core services revolve around the efficient and reliable transportation of goods, setting it apart with its commitment to sustainability and operational excellence. With a strong market position, Golden Ocean is recognised for its innovative approach to shipping logistics and its ability to adapt to changing market demands. As a leader in the maritime sector, Golden Ocean continues to shape the future of bulk transportation on a global scale.
+15 vs industry average
Golden Ocean’s score of 23 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Maritime Transport is among the most carbon-intensive industries
Industry performance
The Maritime Transport industry has increased its overall emissions by 30% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Golden Ocean's reported carbon emissions
Golden Ocean, a sea and coastal water transportation services provider headquartered in Bermuda (BM), is committed to reducing its environmental impact. The company's latest disclosed emissions data for 2024 shows a total of approximately 2.176 billion kg CO2e for Scope 1 emissions and about 119,000 kg CO2e for Scope 2 (market-based). Scope 3 emissions for business travel in 2024 amounted to approximately 33,480 kg CO2e. For the preceding year, 2023, Golden Ocean reported approximately 1.953 billion kg CO2e for Scope 1 and about 1,570 kg CO2e for Scope 2 (market-based). Scope 3 business travel emissions were approximately 18,100 kg CO2e. Golden Ocean has set ambitious climate targets, aiming for a 15% reduction in its Carbon Intensity Indicator (CII) by 2026 and a 30% reduction by 2030, both compared to a 2019 baseline. The company's long-term vision includes achieving net-zero emissions by 2050. These targets are cascaded from Golden Ocean Group Limited, the ultimate parent company.
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Golden Ocean’s Climate Goals (2030 & 2050)
3 goals2050
15% reduction in all scopes
The Company aims to reduce its fleet's CII by 15% in 2026 and by 30% in 2030 relative to our 2019 baseline year, and to reach net-zero by 20…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Golden Ocean
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