Teekay Tankers Sustainability Profile
Teekay Tankers Ltd., a prominent player in the maritime industry, is headquartered in Hamilton, Bermuda, with significant operational activities across key regions including the North Sea, the Mediterranean, and the Americas. Founded in 2007, Teekay Tankers has established itself as a leader in the transportation of crude oil and refined petroleum products, boasting a modern fleet of double-hulled tankers that prioritise safety and environmental sustainability. The company’s core services include spot and time chartering, providing flexible shipping solutions tailored to client needs. Teekay Tankers is recognised for its commitment to operational excellence and has achieved notable milestones, including a strong market position within the global tanker fleet. With a focus on innovation and efficiency, Teekay Tankers continues to set industry standards in maritime transportation.
DitchCarbon Score
How does Teekay Tankers'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 Tankers's score of 8 is lower than 77% 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 Tankers's reported carbon emissions
In 2023, Teekay Tankers reported total carbon emissions of approximately 1,176,254,000 kg CO2e. This figure reflects a slight increase from 2022, when emissions were about 1,166,344,000 kg CO2e. Over the past few years, the company has seen a significant reduction in emissions from 2021, which recorded approximately 4,779,487,000 kg CO2e. Teekay Tankers has not disclosed specific Scope 1, 2, or 3 emissions data, nor have they set formal reduction targets through initiatives such as the Science Based Targets initiative (SBTi). The company has not reported any climate pledges or documented reduction initiatives, indicating a potential area for improvement in their climate strategy. The Energy Efficiency Operational Indicators (EEOI) for their Aframax and Suezmax tankers are reported at 0.00956 and 0.00302 respectively, showcasing their commitment to operational efficiency, although these figures do not directly translate to overall emissions reductions. Overall, while Teekay Tankers has made strides in reducing emissions over the years, the lack of formal targets and detailed scope emissions data suggests that further commitments and transparency could enhance their climate action efforts.
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Teekay Tankers'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 Tankers 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.
