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Maritime Transport
BM
updated a month ago

Teekay Corporation Ltd.

Company website

Teekay Corporation Ltd., commonly referred to as Teekay, is a leading provider of marine services and transportation solutions, headquartered in Bermuda (BM). Founded in 1973, the company has established a strong presence in the global shipping industry, particularly in the transportation of liquefied natural gas (LNG) and crude oil. Teekay operates across key regions, including North America, Europe, and Asia, offering a diverse range of services such as ship management, offshore production, and marine logistics. Renowned for its innovative approach, Teekay's fleet includes advanced shuttle tankers and floating production storage and offloading units (FPSOs), setting it apart in a competitive market. With a commitment to safety and sustainability, Teekay has achieved significant milestones, solidifying its position as a trusted partner in the energy sector.

DitchCarbon Score

How does Teekay Corporation Ltd.'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.

5

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.

7

Industry Benchmark

Teekay Corporation Ltd.'s score of 5 is lower than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.

27%

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Teekay Corporation Ltd.'s reported carbon emissions

In 2019, Teekay Corporation Ltd. reported total carbon emissions of approximately 5,225,313,000 kg CO2e. This figure represents the company's global emissions, with no specific breakdown provided for Scope 1, 2, or 3 emissions. The previous year's emissions in 2018 were about 5,279,233,000 kg CO2e, indicating a slight reduction. In 2017, emissions were approximately 5,054,714,000 kg CO2e, and in 2016, they were around 4,766,904,000 kg CO2e, showing a general trend of increasing emissions over the years. Teekay has not disclosed any specific reduction targets or initiatives as part of its climate commitments. There are no emissions data cascaded from a parent organization, and the company does not appear to have set Science-Based Targets Initiative (SBTi) reduction targets. The absence of detailed emissions data and reduction strategies suggests that Teekay Corporation Ltd. may need to enhance its climate action framework to align with industry standards and expectations.

Industry emissions intensity

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Very high
Some industries are more carbon intensive than others. Teekay Corporation Ltd.'s primary industry is Sea and coastal water transportation services, which is high in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
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Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Teekay Corporation Ltd. is in BM, which we do not have grid emissions data for.

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.

Teekay Corporation Ltd. is not participating in any of the initiatives that 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
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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