McDermott
McDermott International, Inc., commonly known as McDermott, is a leading global provider of integrated engineering, procurement, construction, and installation (EPCI) services for the energy sector. Headquartered in the United States, the company operates extensively across key regions, including North America, the Middle East, and Asia-Pacific. Founded in 1923, McDermott has achieved significant milestones, including the successful execution of major offshore and onshore projects. The company is renowned for its innovative solutions in subsea, offshore, and onshore facilities, setting it apart in a competitive market. With a strong focus on safety and sustainability, McDermott has established itself as a trusted partner in the energy industry, consistently delivering high-quality services that meet the evolving needs of its clients.
DitchCarbon Score
How does McDermott'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 Construction Work 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
McDermott's score of 30 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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McDermott's reported carbon emissions
In 2024, McDermott reported total carbon emissions of approximately 200,301,000 kg CO2e, comprising 187,720,000 kg CO2e from Scope 1 and about 12,581,000 kg CO2e from Scope 2 (market-based). This marks a slight increase from 2023, where emissions totalled around 194,538,000 kg CO2e, with Scope 1 emissions at 183,301,000 kg CO2e and Scope 2 emissions at approximately 11,237,000 kg CO2e (market-based). McDermott has set ambitious climate commitments, aiming for a 50% reduction in Scope 1 and 2 emissions by 2030, using 2020 as the baseline. Additionally, the company is committed to achieving net zero emissions by 2050. To motivate action towards these targets, McDermott has implemented short-term incentive goals tied to executive compensation, aiming for a 5% reduction in emissions intensity across fabrication, construction, and marine operations in 2021 compared to 2020 levels. Overall, McDermott's climate strategy reflects a proactive approach to reducing its carbon footprint and addressing climate change, aligning with industry standards for sustainability and emissions reduction.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 183,523,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 69,286,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 60,529,000 | - | - | - | - |
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.
McDermott 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.
