Teekay Tankers Ltd., a prominent player in the sea and coastal water transportation services industry, is headquartered in Great Britain. Founded in 2001, the company has established itself as a leader in the transportation of crude oil and refined petroleum products, operating a modern fleet across key regions including the North Sea, Mediterranean, and the Americas.
Teekay Tankers is renowned for its commitment to safety and efficiency, offering a range of services that include ship management and logistics support. The company’s innovative approach to vessel operation and maintenance has positioned it favourably in a competitive market. With a strong focus on sustainability and environmental responsibility, Teekay Tankers continues to achieve significant milestones, reinforcing its status as a trusted partner in maritime transportation.
+1 vs industry average
Teekay Tankers’s score of 9 is lower than 45% 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 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Teekay Tankers's reported carbon emissions
Teekay Tankers, a leader in sea and coastal water transportation services headquartered in Great Britain, is actively engaged in reducing its carbon footprint. For 2024, the company reported Scope 2 emissions totalling approximately 459,000 kg CO2e. While Scope 1 and Scope 3 data are not detailed for this year, Teekay Tankers is committed to ambitious climate targets.
The company aims to achieve net zero emissions by 2050. As part of its near-term strategy, Teekay Tankers has set a target to reduce its Scope 1 emissions by 30% from a 2020 baseline by 2030. Similarly, Scope 2 emissions are also targeted for a 30% reduction from the same 2020 baseline by 2030.
Historical emissions data shows:
- 2023: Total emissions were approximately 1,176,254,000 kg CO2e.
- 2022: Total emissions were approximately 1,166,344,000 kg CO2e.
- 2021: Total emissions were approximately 4,779,487,000 kg CO2e.
- 2020: Total emissions were approximately 4,931,052,000 kg CO2e.
- 2015: Total emissions were approximately 4,315,787,000 kg CO2e.
- 2014: Total emissions were approximately 4,501,311,000 kg CO2e.
- 2013: Total emissions were approximately 5,086,750,000 kg CO2e.
The company's sustainability reports also highlight operational efficiency indicators such as the Average Annual Efficiency Ratio (AER) and the Energy Efficiency Operational Indicator (EEOI) for its Aframax and Suezmax tankers, reflecting ongoing efforts to minimise environmental impact.
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Teekay Tankers’s Climate Goals (2030 & 2050)
4 goals2030
30% reduction in Scope 1
We will reduce our Scope 1 emissions by 30% from 2020 baseline by 2030.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Teekay Tankers
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