Torm
Torm A/S, commonly referred to as Torm, is a leading player in the global shipping industry, headquartered in Denmark (DK). Founded in 1889, Torm has established itself as a prominent operator of product tankers, specialising in the transportation of refined oil products and chemicals. With a strong operational presence in key regions including Europe, North America, and Asia, Torm has built a reputation for reliability and efficiency. The company’s fleet is distinguished by its modern, eco-friendly vessels, which are designed to meet stringent environmental regulations while optimising fuel efficiency. Torm's commitment to sustainability and safety has positioned it as a trusted partner in the maritime sector. Over the years, Torm has achieved significant milestones, reinforcing its status as a market leader in the product tanker segment.
DitchCarbon Score
How does Torm'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
Torm's score of 20 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Torm's reported carbon emissions
In 2023, Torm reported total carbon emissions of approximately 2,482,544,000 kg CO2e, with Scope 1 emissions accounting for about 1,558,254,000 kg CO2e and Scope 2 emissions at approximately 506,000 kg CO2e. The company also disclosed Scope 3 emissions, which totalled around 923,784,000 kg CO2e. Over the years, Torm has shown a trend in its emissions data. In 2022, total emissions were about 1,971,485,000 kg CO2e, with Scope 1 emissions at approximately 1,363,076,000 kg CO2e and Scope 2 at around 448,000 kg CO2e. The previous year, 2021, saw total emissions of about 2,319,991,000 kg CO2e, with significant Scope 3 emissions of approximately 1,238,479,000 kg CO2e. Despite these figures, Torm has not set specific reduction targets or initiatives as part of its climate commitments, indicating a potential area for future focus. The company operates within the maritime industry, which is under increasing pressure to reduce carbon emissions and enhance sustainability practices.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,374,835,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 525,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - | 0,000,000,000 | 000,000,000 | 000,000,000 |
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.
Torm is not participating in any 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.
