Solstad Farstad

Solstad Farstad, a Norwegian sea and coastal water transportation services company, reported total emissions of approximately 341,874,000 kg CO2e in 2025. This includes Scope 1 emissions of approximately 156,564,000 kg CO2e, Scope 2 emissions of about 11,000 kg CO2e (market-based), and Scope 3 emissions of approximately 315,456,000 kg CO2e. Key contributors to Scope 3 emissions in 2025 were fuel and energy related activities (approximately 36,352,000 kg CO2e) and purchased goods and services (about 16,904,000 kg CO2e).

In 2024, Solstad Farstad's total emissions were approximately 344,328,000 kg CO2e, comprising Scope 1 emissions of about 159,103,000 kg CO2e, Scope 2 emissions of roughly 12,000 kg CO2e (market-based), and Scope 3 emissions of approximately 185,213,000 kg CO2e.

Looking back to 2023, the company's total emissions were around 778,253,000 kg CO2e, with Scope 1 emissions at approximately 582,280,000 kg CO2e and Scope 2 (purchased electricity) at about 191,000 kg CO2e. Scope 3 emissions for 2023 were approximately 900,000,000 kg CO2e, with significant categories including purchased goods and services (approximately 77,292,000 kg CO2e) and business travel (about 17,940,000 kg CO2e). The average CO2 emissions per vessel in operation were approximately 3,000 tonnes in 2023.

In 2022, Solstad Farstad reported Scope 1 emissions of approximately 720,101,000 kg CO2e, Scope 2 emissions (purchased electricity) of about 177,000 kg CO2e, and Scope 3 emissions of approximately 1,000,000,000 kg CO2e. The average tonnes of CO2 per vessel per day in operation was approximately 38,100 tonnes in 2022.

The company has disclosed Scope 1, 2, and 3 emissions for 2022, 2023, 2024 and 2025. For 2021, Solstad Farstad reported Scope 1 emissions of approximately 85,387,000 kg CO2e and Scope 2 (purchased electricity) of about 171,000 kg CO2e, but did not disclose Scope 3 emissions. Similarly, for 2020, Scope 1 emissions were approximately 801,578,000 kg CO2e and Scope 2 (purchased electricity) were about 214,000 kg CO2e. In 2019, Scope 1 emissions were around 801,578,000 kg CO2e and Scope 2 (purchased electricity) approximately 156,000 kg CO2e. In 2018, Scope 1 emissions were about 714,722,000 kg CO2e and Scope 2 (purchased electricity) approximately 156,000 kg CO2e. Solstad Farstad has not set any specific, publicly available reduction targets, nor has it made commitments to initiatives such as the Science Based Targets initiative (SBTi) or The Climate Pledge.