Okea Asa Sustainability Profile
Okea ASA, headquartered in Norway, is a prominent player in the oil and gas industry, focusing on the exploration and production of hydrocarbons. Established in 2015, the company has rapidly expanded its operations across the Norwegian Continental Shelf, positioning itself as a key contributor to the region's energy sector. Okea ASA is renowned for its innovative approach to mature field development, offering unique solutions that enhance recovery rates and optimise production efficiency. The company’s portfolio includes a range of assets, with a strong emphasis on sustainability and environmental responsibility. With a commitment to operational excellence, Okea ASA has achieved significant milestones, including successful project completions and strategic partnerships. As a growing entity in the energy market, Okea ASA continues to strengthen its market position through its dedication to technological advancement and resource management.
DitchCarbon Score
How does Okea 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 Gas/Diesel Oil 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
Okea Asa's score of 24 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Okea Asa's reported carbon emissions
In 2023, Okea ASA reported total carbon emissions of approximately 1,312,000,000 kg CO2e, with significant contributions from Scope 1 emissions at about 46,000,000,000 kg CO2e, Scope 2 emissions at around 6,900,000,000 kg CO2e, and Scope 3 emissions reaching approximately 1,562,043,600,000 kg CO2e. In Norway, the company’s total emissions were about 571,000,000 kg CO2e, with Scope 1 emissions at approximately 69,000,000,000 kg CO2e, Scope 2 emissions at around 7,300,000,000 kg CO2e, and Scope 3 emissions at about 644,015,990,000 kg CO2e. Globally, Okea ASA's emissions data for 2023 also included Scope 1 emissions of approximately 394,163,000 kg CO2e, Scope 2 emissions of about 1,007,000 kg CO2e (market-based), and Scope 3 emissions totalling approximately 4,631,201,000 kg CO2e. The company has not set specific reduction targets or initiatives as part of its climate commitments, and there are no documented SBTi (Science Based Targets initiative) reduction targets. Okea ASA's emissions data is not cascaded from any parent organization, indicating that the figures are independently reported. The company continues to monitor and disclose its emissions across all scopes, reflecting its commitment to transparency in environmental impact reporting.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 193,754,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 00,000,000 | 00,000,000 | 0,000,000,000 |
How Carbon Intensive is Okea Asa's Industry?
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Okea Asa's Scope 3 Categories Breakdown
Okea Asa's Scope 3 emissions, which increased significantly last year and increased significantly since 2021, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 83% of Scope 3 emissions.
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Okea Asa's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Okea Asa has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
