Subsea 7
Subsea 7, a leading global contractor in the offshore energy sector, is headquartered in the United Kingdom. Founded in 2002, the company has established a strong presence in key operational regions, including Europe, Africa, and the Americas. Specialising in subsea engineering, construction, and services, Subsea 7 is renowned for its innovative solutions that enhance the efficiency and safety of offshore projects. The company offers a diverse range of core services, including subsea installation, inspection, and maintenance, distinguished by its advanced technology and commitment to sustainability. With a robust market position, Subsea 7 has achieved numerous milestones, including significant contracts in renewable energy and oil and gas sectors, solidifying its reputation as a trusted partner in the industry.
DitchCarbon Score
How does Subsea 7'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 Other Services 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
Subsea 7's score of 29 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Subsea 7's reported carbon emissions
In 2023, Subsea 7 reported total carbon emissions of approximately 656,624,000 kg CO2e, with emissions distributed across various scopes: 656,624,000 kg CO2e from Scope 1, 2,317,000 kg CO2e from Scope 2, and 49,552,000 kg CO2e from Scope 3. This reflects a slight increase in emissions compared to previous years, where total emissions were about 420,564,000 kg CO2e in 2020 and 439,700,000 kg CO2e in 2019. The company has disclosed emissions data across all three scopes, indicating a comprehensive approach to tracking its carbon footprint. However, there are currently no specific reduction targets or initiatives outlined in their climate commitments. This lack of defined reduction strategies may reflect the broader industry context, where many companies are still developing robust frameworks for emissions reduction. Subsea 7's emissions intensity, measured as Scope 1 GHG emissions per million USD of revenue, has shown a decreasing trend, with a value of 0.11 in 2023, down from 0.131 in 2021. This suggests an effort to improve efficiency relative to revenue generation, although absolute emissions have not yet seen a corresponding reduction. Overall, while Subsea 7 is actively monitoring its emissions, the absence of formal reduction targets highlights an area for potential growth in their sustainability strategy.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 631,630,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 6,951,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 22,698,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Subsea 7 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.
