Siem Offshore Sustainability Profile
Siem Offshore Inc., headquartered in Norway, is a prominent player in the offshore support vessel industry. Founded in 2005, the company has established a strong presence in key operational regions, including the North Sea, Brazil, and West Africa. Siem Offshore is renowned for its diverse fleet of advanced vessels, specialising in offshore oil and gas support, subsea operations, and renewable energy projects. With a commitment to innovation and sustainability, Siem Offshore offers unique services such as dynamic positioning and integrated marine solutions, setting it apart from competitors. The company has achieved notable milestones, including successful partnerships with major energy firms, reinforcing its market position as a reliable service provider. Siem Offshore continues to lead in the offshore sector, driven by a focus on safety, efficiency, and environmental responsibility.
DitchCarbon Score
How does Siem Offshore'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 Hazardous Waste Incineration 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
Siem Offshore's score of 21 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Siem Offshore's reported carbon emissions
In 2023, Siem Offshore reported total carbon emissions of approximately 270,561,000 kg CO2e. This figure includes 18,123,000 kg CO2e from Scope 1 emissions, primarily from mobile combustion, and 25,000,000 kg CO2e from Scope 2 emissions. Notably, the company’s Scope 3 emissions were significantly higher, amounting to about 271,140,000,000 kg CO2e, with major contributions from fuel and energy-related activities (approximately 252,438,000 kg CO2e) and purchased goods and services (about 10,557,000 kg CO2e). Comparatively, in 2022, Siem Offshore's total emissions were around 264,965,000 kg CO2e, with Scope 1 emissions at 264,965,000 kg CO2e and Scope 2 emissions at 20,000,000 kg CO2e. The Scope 3 emissions for that year were approximately 2,609,000,000 kg CO2e. Despite the substantial emissions figures, Siem Offshore has not disclosed specific reduction targets or initiatives as part of their climate commitments. The emissions data is cascaded from Siem Offshore AS, indicating a corporate family relationship that influences their reporting. Overall, Siem Offshore's emissions profile highlights the significant challenges faced by the offshore industry in reducing carbon footprints, particularly in Scope 3 emissions, which often represent the largest share of total emissions.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 229,131,000 | 000,000,000 | 00,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 |
| Scope 3 | - | 0,000,000,000 | 000,000,000,000 |
How Carbon Intensive is Siem Offshore's Industry?
How Carbon Intensive is Siem Offshore's Location?
Siem Offshore's Scope 3 Categories Breakdown
Siem Offshore's Scope 3 emissions, which increased significantly last year and increased significantly since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with detailed category breakdown helping identify key emission sources across their value chain.
Top Scope 3 Categories
Siem Offshore'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.
Siem Offshore 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.
