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Public Profile
Maritime Transport
BM
updated 7 days ago

Golden Ocean

Company website

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.

25

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.

9

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.

62%

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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, with an additional 1,570 kg CO2e from Scope 2, and 18,100 kg CO2e from Scope 3 emissions related to business travel. This represents a slight increase in Scope 1 emissions compared to 2022, which recorded about 1,867,760,000 kg CO2e, while Scope 2 emissions decreased from 1,800 kg CO2e and Scope 3 emissions decreased from 25,800 kg CO2e. Golden Ocean has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The company’s emissions data is sourced directly from Golden Ocean Group Limited, with no cascaded data from a parent organization. The company continues to monitor its emissions and is committed to transparency in its reporting, as evidenced by its annual ESG reports.

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20182020202120222023
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
0,000
0,000
Scope 3
-
-
-
00,000
00,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Golden Ocean's primary industry is Sea and coastal water transportation services, which is high in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Golden Ocean is in BM, which we do not have grid emissions data for.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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