Tidewater Inc., commonly referred to as Tidewater, is a leading provider of marine support services headquartered in the United States. Established in 1956, the company has built a strong reputation in the offshore energy sector, primarily operating in regions such as the Gulf of Mexico, West Africa, and the North Sea.
Specialising in the provision of vessels and marine logistics, Tidewater offers a diverse fleet that includes platform supply vessels and anchor handling tug supply vessels, distinguished by their advanced technology and operational efficiency. The company has achieved significant milestones, including a robust market position as one of the largest operators in its field, catering to the needs of oil and gas companies worldwide. With a commitment to safety and sustainability, Tidewater continues to set industry standards while adapting to the evolving demands of the offshore energy market.
+4 vs industry average
Tidewater’s score of 12 is higher than 52% 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 increased its overall emissions by 30% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Tidewater's reported carbon emissions
In 2023, Tidewater reported total carbon emissions of approximately 1.1 billion kg CO2e, comprising 1,074,336,000 kg CO2e from Scope 1 and 3,364,000 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. Comparatively, in 2022, Tidewater's total emissions were approximately 863 million kg CO2e, with Scope 1 emissions at 860,559,000 kg CO2e and Scope 2 emissions at 2,779,000 kg CO2e. This indicates a significant increase in emissions from 2022 to 2023. Tidewater has not set specific reduction targets or initiatives as part of their climate commitments, nor have they participated in initiatives such as the Science Based Targets initiative (SBTi). The absence of documented reduction targets suggests a need for further development in their climate strategy. The emissions data is sourced directly from Tidewater Inc. and is not cascaded from any parent organisation. As the company continues to operate in a climate-conscious environment, it may benefit from establishing clear reduction goals to align with industry standards and expectations.
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Tidewater’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Tidewater yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Tidewater
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