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 12 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Tidewater's reported carbon emissions
In 2023, Tidewater reported significant carbon emissions, with Scope 1 emissions totalling approximately 1,074,336,000 kg CO2e and Scope 2 emissions at about 3,364,000 kg CO2e. This marked an increase in emissions compared to previous years, reflecting the company's operational scale and revenue growth, which reached approximately USD 1,009,985,000. In 2022, Tidewater's emissions were approximately 860,594,000 kg CO2e for Scope 1 and about 2,779,000 kg CO2e for Scope 2. The trend indicates a rising trajectory in emissions, with Scope 1 emissions increasing from around 563,742,000 kg CO2e in 2021. Despite the lack of specific reduction targets or commitments disclosed, Tidewater operates within the mineral fuels and oils sector, which is under increasing scrutiny for its environmental impact. The company has not publicly committed to Science Based Targets Initiative (SBTi) reduction targets or other formal climate pledges, indicating a potential area for future development in their sustainability strategy. Overall, while Tidewater's emissions data reflects the challenges of managing carbon output in a growing industry, the absence of clear reduction initiatives suggests an opportunity for enhanced climate commitments moving forward.
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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 | - | - | - | - |
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 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.
