Ocean Yield Asa
Ocean Yield ASA, headquartered in Norway, is a prominent player in the maritime and shipping industry, specialising in the acquisition and operation of modern, high-quality vessels. Founded in 2012, the company has established a strong presence in key operational regions, including Europe and the Americas, focusing on sectors such as offshore support and renewable energy. With a diverse portfolio that includes advanced shipping assets, Ocean Yield ASA is recognised for its long-term charter agreements, which provide stable cash flows and mitigate market risks. The company’s commitment to sustainability and innovation sets it apart in a competitive landscape, positioning it as a leader in the maritime sector. Notable achievements include a robust fleet and strategic partnerships that enhance its market position, reflecting its dedication to growth and operational excellence.
DitchCarbon Score
How does Ocean Yield Asa'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 Maritime Transport 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
Ocean Yield Asa's score of 16 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ocean Yield Asa's reported carbon emissions
In 2021, Ocean Yield ASA reported significant carbon emissions, with Scope 3 emissions amounting to approximately 1,400,000,000 kg CO2e globally. Notably, the company did not report any Scope 1 or Scope 2 emissions for that year. In Norway, the reported Scope 3 emissions were even higher, at about 1,400,000,000,000 kg CO2e, indicating a substantial carbon footprint primarily from indirect sources. Comparatively, in 2020, Ocean Yield ASA's global emissions included about 20,000,000 kg CO2e in Scope 1 and approximately 1,210,000,000 kg CO2e in Scope 3. In Norway for the same year, Scope 1 emissions were reported at about 20,000,000,000 kg CO2e, alongside Scope 3 emissions of approximately 1,210,000,000,000 kg CO2e. This data highlights a trend of high Scope 3 emissions, which are often the most challenging to manage. Ocean Yield ASA has set ambitious reduction targets, aiming for a 50% reduction in both Scope 1 and Scope 2 emissions by 2030, using a 2008 baseline. This commitment reflects the company's proactive approach to addressing its carbon footprint and aligns with industry standards for climate action. The emissions data is not cascaded from any parent organization, indicating that Ocean Yield ASA is independently reporting its carbon emissions and climate commitments. The company continues to focus on enhancing its sustainability practices and reducing its environmental impact in the maritime sector.
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| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 10,000,000,000 | 00,000,000 | - |
| Scope 2 | - | - | - |
| Scope 3 | 1,210,000,000,000 | 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.
Ocean Yield Asa 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.
