Public Profile

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.

29

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.

22

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.

83%

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 marks a slight increase in emissions compared to previous years, where total emissions were approximately 617,309,000 kg CO2e in 2022 and 657,987,000 kg CO2e in 2021. 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 plans to address climate change. Subsea 7's emissions intensity, measured as Scope 1 GHG emissions per million dollars of revenue, has shown a decreasing trend, with a value of 0.11 in 2023, down from 0.12 in 2022. 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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201820192020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Subsea 7's primary industry is Other services (93), which is low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Subsea 7 is headquartered in GB, which has a rank of low, indicating low grid carbon 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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