Teekay Corporation Ltd.
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.
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
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.
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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
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.
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.
