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 27 is higher than 97% 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, comprising Scope 1 emissions. This marks a significant reduction from previous years, with emissions in 2022 recorded at about 720,101,000 kg CO2e, which included both Scope 1 and Scope 3 emissions. From 2018 to 2023, the company has shown fluctuations in emissions, with Scope 1 emissions peaking at approximately 801,578,000 kg CO2e in 2019. The Scope 2 emissions have remained relatively low, with the highest recorded at about 214,000 kg CO2e in 2019. Despite these figures, Solstad Farstad has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to operate within the maritime industry, which is under increasing pressure to reduce carbon footprints and enhance sustainability practices. Overall, while Solstad Farstad has made strides in reducing its emissions, particularly in 2023, the lack of formal reduction commitments suggests a need for further action in addressing climate change.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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.
