Teekay Corporation Ltd., commonly referred to as Teekay, is a prominent player in the sea and coastal water transportation services industry, headquartered in the British Virgin Islands (BM). Founded in 1973, Teekay has established itself as a leader in the maritime sector, specialising in the transportation of oil, gas, and other bulk liquids.
With a strong operational presence in key regions such as North America, Europe, and Asia, Teekay offers a diverse range of services, including tanker operations and floating production storage and offloading (FPSO) units. The company is recognised for its innovative approach to marine transportation, which enhances efficiency and safety in the industry. Teekay's commitment to sustainability and operational excellence has solidified its market position, making it a trusted partner in global shipping and logistics.
-8 vs industry average
Teekay Corporation Ltd.’s score of 0 is lower than 0% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Maritime Transport is among the most carbon-intensive industries
Industry performance
The Maritime Transport industry has reduced its overall emissions by 28% since 2018
Emissions trajectory 2020 – 2021
Reported emissions
Scope 3 accounts for ••• of total emissions.
Teekay Corporation Ltd.'s reported carbon emissions
Teekay Corporation Ltd., headquartered in BM and operating in sea and coastal water transportation services, reported total greenhouse gas emissions of approximately 4.78 billion kg CO2e for the year 2021. This represents a decrease from approximately 4.93 billion kg CO2e in 2020 and approximately 5.23 billion kg CO2e in 2019.
While specific Scope 1, 2, and 3 emissions data are not detailed, the company's sustainability reports indicate a focus on operational efficiency. For instance, emission factors for Average Annual Efficiency Ratio (AER) of Oil Tankers and Energy Efficiency Operational Indicator (EEOI) for Suezmax Tankers are provided for 2021 and 2020, suggesting an approach to monitor and potentially reduce the carbon intensity of their operations.
Teekay Corporation Ltd. has not disclosed specific reduction targets or joined initiatives such as the Science Based Targets initiative (SBTi) or the Climate Pledge based on the provided information. The company's climate commitments and specific reduction strategies are not elaborated upon in the available data.
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Teekay Corporation Ltd.’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Teekay Corporation Ltd. yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Teekay Corporation Ltd.
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