The Volvo Ocean Race
The Volvo Ocean Race, officially known as The Ocean Race, is a prestigious sailing competition headquartered in Italy. Founded in 1973, this iconic event has evolved into a global spectacle, attracting elite sailors and teams from around the world. The race primarily operates in major maritime regions, including the Atlantic, Pacific, and Indian Oceans, showcasing the challenges of offshore sailing. Renowned for its rigorous format and commitment to sustainability, The Ocean Race features state-of-the-art racing yachts that push the boundaries of design and technology. With a focus on adventure and teamwork, it has become a benchmark in the sailing industry, celebrating remarkable achievements such as the introduction of the Volvo Ocean 65 class. The race not only highlights the spirit of competition but also promotes ocean conservation, solidifying its position as a leader in the maritime sports arena.
DitchCarbon Score
How does The Volvo Ocean Race'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 Business Services 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
The Volvo Ocean Race's score of 3 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
The Volvo Ocean Race's reported carbon emissions
In 2021, The Volvo Ocean Race reported a total of approximately 168,910 kg CO2e in emissions, all of which fell under Scope 3, primarily from business travel (113,940 kg CO2e) and fuel and energy-related activities (13,250 kg CO2e). This marked a significant reduction from previous years, where emissions were considerably higher. For instance, in 2015, total emissions reached about 10,000,000 kg CO2e, with Scope 1 emissions at approximately 637,167 kg CO2e, Scope 2 at about 905,488 kg CO2e, and Scope 3 at around 9,191,080 kg CO2e. The data indicates a trend towards reducing carbon emissions, particularly in Scope 1 and 2, which were reported as zero in 2021, suggesting a shift in operational practices. However, there are currently no specific reduction targets or climate pledges documented, indicating a potential area for future commitment and improvement in their sustainability strategy. The Volvo Ocean Race's focus on reducing emissions aligns with industry standards for climate action, although further initiatives could enhance their environmental impact.
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Add to project| 2015 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Scope 1 | 637,166.65 | 000 | 000 | - |
| Scope 2 | 905,488.3 | 000,000 | 000,000 | - |
| Scope 3 | 9,191,080.05 | 000,000 | 000,000 | 000,000 |
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.
The Volvo Ocean Race is not committed to any reduction initiatives 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.
