Modec
Modec, officially known as Modec, Inc., is a leading provider of innovative marine solutions headquartered in Japan. Established in 2004, the company has made significant strides in the offshore oil and gas industry, particularly in the design and construction of floating production storage and offloading (FPSO) units. With operational regions spanning Asia, Africa, and South America, Modec has positioned itself as a key player in the global market. The company’s core offerings include FPSOs, floating storage units, and other marine assets, distinguished by their advanced technology and commitment to safety and environmental sustainability. Modec's notable achievements include successful project completions in challenging environments, reinforcing its reputation for reliability and excellence. As a trusted partner in the energy sector, Modec continues to drive innovation and efficiency in offshore operations.
DitchCarbon Score
How does Modec'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
Modec's score of 10 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Modec's reported carbon emissions
In 2023, Modec reported total carbon emissions of approximately 5,618,385,000 kg CO2e, with significant contributions from Scope 2 and Scope 3 emissions. Specifically, Scope 2 emissions accounted for about 1,619,000 kg CO2e, while Scope 3 emissions were approximately 5,615,299,000 kg CO2e, primarily driven by downstream leased assets and purchased goods and services. In 2022, Modec's total emissions were about 5,204,867,000 kg CO2e, with Scope 2 emissions at approximately 1,503,000 kg CO2e and Scope 3 emissions around 5,203,364,000 kg CO2e. The trend shows an increase in total emissions from 2021, where they reported approximately 3,786,201,000 kg CO2e, with Scope 2 emissions at about 1,309,000 kg CO2e and Scope 3 emissions at approximately 3,784,892,000 kg CO2e. Despite these figures, Modec has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company operates within a challenging industry context, where emissions are often substantial due to the nature of its operations. As such, Modec's ongoing efforts to address its carbon footprint remain crucial for aligning with global climate commitments.
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Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - |
| Scope 2 | 1,721,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Modec is not committed to any reduction initiatives 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.
