Solstad Farstad
Solstad Farstad ASA, commonly referred to as Solstad, is a leading provider of offshore services headquartered in Norway. Established in 2017 through the merger of Solstad Offshore and Farstad Shipping, the company operates primarily in the North Sea, Brazil, and Australia, catering to the oil and gas, renewable energy, and subsea sectors. With a diverse fleet of advanced vessels, including platform supply vessels (PSVs) and anchor handling tug supply vessels (AHTS), Solstad is renowned for its commitment to safety, sustainability, and innovation. The company has achieved significant milestones, including a strong market position bolstered by strategic partnerships and a focus on environmentally friendly operations. Solstad Farstad continues to set industry standards, making it a key player in the global offshore services market.
DitchCarbon Score
How does Solstad Farstad'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
Solstad Farstad's score of 26 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Solstad Farstad's reported carbon emissions
In 2023, Solstad Farstad reported carbon emissions of approximately 582,280,000 kg CO2e, with emissions primarily from Scope 1 and Scope 3. This marks a significant reduction from previous years, where emissions were about 720,101,000 kg CO2e in 2022 and 711,552,000 kg CO2e in 2021. The company has shown a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. In 2022, the total emissions included 720,101,000 kg CO2e from Scope 1 and an equal amount from Scope 3, indicating a substantial reliance on upstream emissions. The emissions from Scope 2 were not reported in 2023, reflecting a shift in focus towards direct and upstream emissions. Despite the lack of formal reduction targets or climate pledges, Solstad Farstad's emissions data suggests a proactive approach to managing and reducing carbon emissions in the maritime industry. The company continues to monitor its carbon intensity, with reported figures indicating a focus on improving operational efficiency and sustainability.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 714,722,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 156,000 | 000,000 | 000,000 | 000,000 | 000,000 | - |
| Scope 3 | - | - | - | - | 000,000,000 | 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.
Solstad Farstad is not committed to any reduction initiatives 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.
