Teekay Corporation Ltd. Sustainability Profile
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 93% 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 reflects the company's global operations and does not specify emissions by scope (Scope 1, 2, or 3). 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 decreasing emissions over these years. Teekay has not disclosed specific reduction targets or initiatives, nor does it appear to have set Science-Based Targets Initiative (SBTi) commitments. The company has not provided detailed data on Scope 1, 2, or 3 emissions, nor has it reported any significant climate pledges or initiatives aimed at reducing its carbon footprint. Overall, while Teekay Corporation Ltd. has shown a gradual decrease in emissions over the years, the absence of formal reduction targets or commitments highlights an area for potential improvement in its climate strategy.
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Teekay Corporation Ltd.'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.
Teekay Corporation Ltd. 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.
