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Gulf Marine Services PLC, commonly known as GMS, is a leading provider of sea and coastal water transportation services, headquartered in Abu Dhabi, United Arab Emirates. Established in 1977, GMS has built a strong reputation in the offshore support sector, particularly in the oil and gas industry, with a focus on providing innovative and efficient marine solutions.
The company operates primarily in the Middle East and North Africa, offering a diverse range of services, including the provision of self-elevating support vessels and accommodation barges. GMS distinguishes itself through its commitment to safety, operational excellence, and sustainability, positioning itself as a trusted partner in marine logistics. With a robust fleet and a track record of successful projects, Gulf Marine Services continues to solidify its market position as a key player in the maritime industry.
+5 vs industry average
Gulf Marine Services’s score of 13 is lower than 49% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Maritime Transport is among the most carbon-intensive industries
The Maritime Transport industry has reduced its overall emissions by 28% since 2018
Scope 3 accounts for ••• of total emissions.
Gulf Marine Services, headquartered in the UAE and operating in sea and coastal water transportation services, reported total carbon emissions of approximately 77.4 million kg CO2e in 2023. This includes about 54.4 million kg CO2e from Scope 1 emissions, 26,000 kg CO2e from Scope 2 emissions, and approximately 23 million kg CO2e from Scope 3 emissions.
In 2022, their total carbon emissions were approximately 78.1 million kg CO2e, comprising about 51.9 million kg CO2e from Scope 1, 28,000 kg CO2e from Scope 2, and approximately 26.2 million kg CO2e from Scope 3. Looking back to 2021, total emissions were approximately 81.1 million kg CO2e, with about 47.2 million kg CO2e from Scope 1, 31,000 kg CO2e from Scope 2, and approximately 33.8 million kg CO2e from Scope 3.
Gulf Marine Services aims for net-zero Scope 1 and 2 emissions across all markets by 2040, with a target of 2030 for the UAE. The company is committed to achieving a 43% absolute reduction in Scope 1 and 2 emissions by 2030, using a 2022 baseline, a target that has been validated by the Science Based Targets initiative (SBTi). Furthermore, Gulf Marine Services plans to achieve net-zero Scope 1, 2, and 3 emissions across all its markets by 2050.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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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