Torm Sustainability Profile
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 26 is higher than 61% 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 2024, Torm reported total carbon emissions of approximately 3.4 billion kg CO2e, comprising about 1.6 billion kg CO2e from Scope 1, 832,000 kg CO2e from Scope 2, and about 1.8 billion kg CO2e from Scope 3 emissions. This marks an increase from 2023, where total emissions were approximately 2.5 billion kg CO2e, with Scope 1 emissions at about 1.6 billion kg CO2e, Scope 2 at 506,000 kg CO2e, and Scope 3 at approximately 924 million kg CO2e. Torm has not set specific reduction targets or initiatives as part of their climate commitments, and there are no documented SBTi (Science Based Targets initiative) reduction targets. The company’s emissions data is sourced directly from Torm plc, with no cascading from a parent organization. Overall, Torm's emissions reflect the challenges faced by the shipping industry in reducing carbon footprints, highlighting the need for ongoing efforts in sustainability and emissions management.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,302,390,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 488,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | 0,000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
How Carbon Intensive is Torm's Industry?
How Carbon Intensive is Torm's Location?
Torm'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.
Torm has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
