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.
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.
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.
Tidewater's score of 12 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Tidewater reported total carbon emissions of approximately 1,074,336,000 kg CO2e, with Scope 1 emissions accounting for about 1,074,336,000 kg CO2e and Scope 2 emissions at approximately 3,364,000 kg CO2e. This marks a significant increase in emissions compared to previous years, reflecting the company's operational scale and revenue growth, which reached about USD 1,009,985,000. In 2022, Tidewater's emissions were approximately 860,594,000 kg CO2e for Scope 1, with Scope 2 emissions being minimal. The trend shows a rise from 563,742,000 kg CO2e in Scope 1 and 97,763,000 kg CO2e in Scope 2 in 2021, indicating a growing environmental footprint. Despite these figures, Tidewater has not publicly disclosed specific reduction targets or initiatives aimed at mitigating their carbon emissions. The absence of documented reduction strategies suggests a need for enhanced climate commitments within the industry context, particularly as global pressure mounts for companies to adopt more aggressive climate action plans. Overall, while Tidewater's emissions data reflects substantial operational activity, the lack of defined reduction targets highlights an area for potential improvement in their climate strategy.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2017 | 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 | - | - | - | - | - | - | - |
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.