Shearwater Sustainability Profile
Shearwater GeoServices Holding AS, commonly known as Shearwater, is a leading provider of geophysical services headquartered in Norway. Founded in 2017, the company has rapidly established itself in the marine geophysical industry, focusing on advanced seismic data acquisition and processing. With a strong operational presence in key regions such as the North Sea and the Asia-Pacific, Shearwater serves a diverse clientele in the oil and gas sector. The company offers a range of core services, including 2D and 3D seismic surveys, which are distinguished by their cutting-edge technology and commitment to data quality. Shearwater's innovative approach has positioned it as a trusted partner in the energy sector, contributing to significant milestones in environmental sustainability and operational efficiency. With a reputation for excellence, Shearwater continues to shape the future of geophysical exploration.
DitchCarbon Score
How does Shearwater'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 Medical Device Manufacturing 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
Shearwater's score of 38 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shearwater's reported carbon emissions
In 2024, Shearwater Geoservices Holding AS reported total carbon emissions of approximately 263,004,100 kg CO2e for Scope 1 and about 3,489,020 kg CO2e for Scope 2. This marks a reduction from 2023, where emissions were approximately 348,087,020 kg CO2e for Scope 1 and about 3,856,320 kg CO2e for Scope 2. The company has not disclosed any Scope 3 emissions data for 2024, but in 2022, it reported approximately 92,676,130 kg CO2e in Scope 3 emissions, primarily from business travel and upstream transportation. Shearwater's emissions data is cascaded from its parent company, Shearwater Geoservices Holding AS, indicating a corporate family relationship. Despite the significant emissions figures, there are currently no publicly stated reduction targets or climate pledges from Shearwater, which may reflect a broader industry context where many companies are still developing comprehensive climate strategies. Overall, Shearwater's commitment to reducing its carbon footprint remains unclear, as it has not set specific reduction targets or initiatives to date.
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| 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 122,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | - | 0,000,000 | - | 0,000,000 | 0,000,000 |
| Scope 3 | 28,700,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | - | - |
How Carbon Intensive is Shearwater's Industry?
How Carbon Intensive is Shearwater's Location?
Shearwater's Scope 3 Categories Breakdown
Shearwater's Scope 3 emissions, which increased significantly last year and increased by approximately 223% since 2017, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 2% of total emissions under the GHG Protocol, with "Upstream Transportation & Distribution" being the largest emissions source at 2% of Scope 3 emissions.
Top Scope 3 Categories
Shearwater'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.
Shearwater 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.
