Moreld

Moreld, a Norwegian company in the Gas/Diesel Oil industry, reported total carbon emissions of approximately 194.35 million kg CO2e in 2025. This includes Scope 1 emissions of approximately 43.62 million kg CO2e, Scope 2 emissions (market-based) of around 1.15 million kg CO2e, and Scope 3 emissions of roughly 150.43 million kg CO2e. Key contributors to Scope 3 emissions in 2025 were purchased goods and services (approximately 135.03 million kg CO2e), fuel and energy related activities (around 9.87 million kg CO2e), and upstream transportation and distribution (approximately 3.06 million kg CO2e).

Looking back, Moreld's total emissions were approximately 194.35 million kg CO2e in 2024, 5.36 million kg CO2e in 2021, 7.68 million kg CO2e in 2020, and 8.16 million kg CO2e in 2019. It should be noted that the Scope 3 emissions data for 2019, 2020, and 2021 did not include purchased goods and services.

Moreld has several climate commitments. The company aims for net-zero emissions by 2040-2050 across all scopes. In the near term, Moreld is targeting a 79.9% reduction in Scope 2 GHG emissions from fuel and energy-related activities (covering all electricity sold) per kWh by 2030, from a 2023 base year. Additionally, the company is committed to reducing absolute Scope 3 GHG emissions from the use of sold products for sold and distributed fossil fuels by 42% by 2030. Moreld also targets an 86.6% reduction in Scope 1 GHG emissions from electricity and heat generation per kWh by 2030, from a 2023 base year.

These reduction targets are cascaded from HitecVision, the ultimate parent through a corporate family relationship, which aims for all its portfolio companies to have set science-based emissions reduction targets for Scope 1 and Scope 2 by 2030.