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 32 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Modec's reported carbon emissions
In 2023, Modec reported total carbon emissions of approximately 5,618,385,000 kg CO2e. The emissions breakdown includes about 1,467,000 kg CO2e from Scope 2 (market-based) and approximately 5,615,299,000 kg CO2e from Scope 3 emissions. Notably, the majority of their emissions stem from downstream leased assets, contributing about 5,298,344,000 kg CO2e. Comparatively, in 2022, Modec's total emissions were around 5,204,867,000 kg CO2e, with Scope 2 emissions at approximately 1,503,000 kg CO2e and Scope 3 emissions at about 5,203,364,000 kg CO2e. This indicates a rise in total emissions from 2022 to 2023. Despite the significant emissions figures, Modec has not disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction strategies suggests a need for further transparency regarding their approach to mitigating climate impact.
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| 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 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.
