Tidewater Sustainability Profile
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.
DitchCarbon Score
How does Tidewater'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
Tidewater's score of 19 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tidewater's reported carbon emissions
In 2023, Tidewater reported total carbon emissions of approximately 1,074,336,000 kg CO2e from Scope 1 and 3,364,000 kg CO2e from Scope 2 (market-based). This marks a significant increase in emissions compared to 2022, where Scope 1 emissions were about 860,559,000 kg CO2e and Scope 2 emissions (market-based) were approximately 2,779,000 kg CO2e. Tidewater's emissions data reflects a commitment to transparency, with disclosures covering Scope 1 and Scope 2 emissions, while Scope 3 emissions data is currently not available. The company has not set specific reduction targets or initiatives as part of its climate commitments, indicating a potential area for future development. The emissions data is not cascaded from any parent organisation, and all figures are directly reported by Tidewater Inc. As the company continues to navigate its environmental impact, it remains crucial for Tidewater to establish clear reduction strategies to align with industry standards and expectations.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 721,478,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 2 | 1,595,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is Tidewater's Industry?
How Carbon Intensive is Tidewater's Location?
Tidewater'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.
Tidewater has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
