Grand Ocean Advanced Resources Sustainability Profile
Grand Ocean Advanced Resources, commonly referred to as Grand Ocean, is a leading player in the marine and offshore industry, headquartered in Hong Kong. Established in 2001, the company has made significant strides in providing innovative solutions for marine engineering, offshore construction, and environmental protection. With a strong operational presence across Asia and beyond, Grand Ocean is renowned for its core services, including underwater engineering, marine logistics, and project management. Their commitment to sustainability and advanced technology sets them apart in a competitive market. Recognised for their expertise, Grand Ocean has achieved notable milestones, positioning itself as a trusted partner in the industry. Their dedication to quality and safety has earned them a solid reputation, making them a preferred choice for clients seeking reliable marine solutions.
DitchCarbon Score
How does Grand Ocean Advanced Resources'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 Business Services 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
Grand Ocean Advanced Resources's score of 29 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Grand Ocean Advanced Resources's reported carbon emissions
In 2023, Grand Ocean Advanced Resources, headquartered in Hong Kong, reported total carbon emissions of approximately 9,159,300 kg CO2e. This figure includes 835,600 kg CO2e from Scope 1 emissions, 8,265,700 kg CO2e from Scope 2 emissions, and 58,000 kg CO2e from Scope 3 emissions. The previous year, 2022, the company recorded total emissions of about 7,956,600 kg CO2e, with Scope 1 at 757,800 kg CO2e, Scope 2 at 7,148,700 kg CO2e, and Scope 3 at 50,100 kg CO2e. Over the past two years, Grand Ocean has seen an increase in total emissions, rising from 7,956,600 kg CO2e in 2022 to 9,159,300 kg CO2e in 2023. This increase is primarily attributed to higher Scope 2 emissions, which rose from 7,148,700 kg CO2e to 8,265,700 kg CO2e. Despite these figures, Grand Ocean has not set specific reduction targets or initiatives as part of their climate commitments, nor do they participate in initiatives such as the Science Based Targets initiative (SBTi). The company has not disclosed any climate pledges or reduction targets, indicating a potential area for future improvement in their sustainability strategy. Overall, while Grand Ocean Advanced Resources has made strides in emissions reporting, the lack of defined reduction targets suggests an opportunity for enhanced climate action moving forward.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,810,900 | 0,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 48,840,700 | 000,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 677,640 | 000,000 | 00,000 | 00,000 | 00,000 |
How Carbon Intensive is Grand Ocean Advanced Resources's Industry?
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Grand Ocean Advanced Resources'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.
Grand Ocean Advanced Resources 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.
