Tidewater
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 58% 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, comprising 1,074,336,000 kg CO2e from Scope 1 and about 3,364,000 kg CO2e from Scope 2 (market-based). This marks a significant increase from 2022, where emissions were approximately 860,559,000 kg CO2e for Scope 1 and about 2,779,000 kg CO2e for Scope 2 (market-based). Tidewater's emissions data is not cascaded from any parent company, and the organisation has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other climate pledges. The company has disclosed emissions data for Scope 1 and Scope 2 but does not currently report on Scope 3 emissions. The emissions figures indicate a trend of increasing carbon output, which may necessitate future commitments to sustainability and emissions reduction strategies. As of now, Tidewater's climate commitments remain unspecified, highlighting an opportunity for the company to enhance its environmental initiatives in line with industry standards.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 402,043,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 2 | 88,420,000 | 000,000,000 | 000,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | - |
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.
Tidewater is participating in some of the initiatives that 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.
