OLT OFFSHORE LNG TOSCANA Sustainability Profile
OLT Offshore LNG Toscana, headquartered in Italy, is a prominent player in the liquefied natural gas (LNG) sector. Founded in 2007, the company operates primarily in the Mediterranean region, focusing on the regasification of LNG. OLT Offshore is renowned for its Floating Storage and Regasification Unit (FSRU), which uniquely combines storage and regasification capabilities, enhancing energy supply flexibility. With a commitment to sustainability and innovation, OLT Offshore has achieved significant milestones, including the successful commissioning of its FSRU in 2013. The company plays a vital role in Italy's energy landscape, contributing to energy security and diversification. OLT Offshore LNG Toscana continues to strengthen its market position through strategic partnerships and a focus on operational excellence, making it a key player in the European LNG market.
DitchCarbon Score
How does OLT OFFSHORE LNG TOSCANA'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
OLT OFFSHORE LNG TOSCANA's score of 7 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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OLT OFFSHORE LNG TOSCANA's reported carbon emissions
In 2022, OLT Offshore LNG Toscana reported total carbon emissions of approximately 88,572,000 kg CO2e, comprising 81,247,000 kg CO2e from Scope 1, 7,325,000 kg CO2e from Scope 2, and 88,572,000 kg CO2e from Scope 3 emissions. The company has not disclosed emissions data for 2023, but it has indicated a GHG emissions intensity rate of about 9.0e-06 kg CO2e per m³ across all scopes. Over the years, OLT Offshore LNG Toscana has shown a commitment to transparency in its emissions reporting, with data disclosed for all three scopes in 2022, 2021, and 2020. However, there are currently no specific reduction targets or climate pledges outlined in their sustainability initiatives. The absence of documented reduction targets suggests that while the company is actively monitoring its emissions, it has yet to establish formal commitments to reduce its carbon footprint. The emissions data is not cascaded from any parent organization, indicating that OLT Offshore LNG Toscana operates independently in its reporting and sustainability efforts.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 7,320,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 68,053,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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OLT OFFSHORE LNG TOSCANA's Scope 3 Categories Breakdown
OLT OFFSHORE LNG TOSCANA's Scope 3 emissions, which increased by 20% last year and increased by approximately 30% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 50% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 2% of Scope 3 emissions.
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OLT OFFSHORE LNG TOSCANA'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.
OLT OFFSHORE LNG TOSCANA 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.
