Subsea 7 Sustainability Profile
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 57 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Subsea 7's reported carbon emissions
In 2024, Subsea 7 reported total carbon emissions of approximately 806,000,000 kg CO2e, comprising 748,000,000 kg CO2e from Scope 1, 1,480,000 kg CO2e from Scope 2, and 56,000,000 kg CO2e from Scope 3 emissions. This marks a significant increase in emissions compared to 2023, where total emissions were about 697,000,000 kg CO2e, with Scope 1 at 656,624,000 kg CO2e, Scope 2 at 2,317,000 kg CO2e, and Scope 3 at 49,552,000 kg CO2e. Subsea 7 has set ambitious climate commitments, aiming for a 50% reduction in Scope 1 and 2 emissions by 2035, using 2018 as a baseline. Additionally, the company is targeting Net Zero emissions for both Scope 1 and 2 by 2050. Notably, a successful trial of biofuels on the vessel Seven Oceanic resulted in an estimated CO2 saving of around 30%, contributing to their near-term reduction goals. The emissions data is sourced directly from Subsea 7 S.A., with no cascaded data from parent organizations. The company is actively working towards its climate targets while navigating the complexities of emissions across all scopes.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 643,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 6,950,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 22,700,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Subsea 7's Industry?
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Subsea 7's Scope 3 Categories Breakdown
Subsea 7's Scope 3 emissions, which increased by 13% last year and increased by approximately 147% since 2018, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 7% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Subsea 7'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.
Subsea 7 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.
