Transocean Sustainability Profile
Transocean Ltd., a leading offshore drilling contractor, is headquartered in Switzerland (CH) and operates primarily in deepwater and ultra-deepwater regions globally. Founded in 1953, the company has established itself as a key player in the oil and gas industry, focusing on high-specification drilling rigs and innovative technologies. Transocean's core services include the operation of advanced drilling rigs, catering to the needs of major oil companies. Its commitment to safety and efficiency sets it apart in a competitive market. With a strong portfolio of assets and a reputation for reliability, Transocean has achieved significant milestones, including numerous industry awards for operational excellence. As a prominent entity in the offshore drilling sector, Transocean continues to shape the future of energy exploration.
DitchCarbon Score
How does Transocean'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 Business Services 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
Transocean's score of 32 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Transocean's reported carbon emissions
In 2022, Transocean reported total carbon emissions of approximately 24,000,000 kg CO2e, with significant contributions from Scope 3 emissions, particularly from business travel, which accounted for about 24,215,000 kg CO2e. Scope 1 emissions were reported at 66,000 kg CO2e, while Scope 2 emissions totalled approximately 2,072,000 kg CO2e. The company has not disclosed specific reduction targets or initiatives as part of its climate commitments, and there are no SBTi (Science Based Targets initiative) reduction targets currently in place. Emissions data is sourced directly from Transocean Ltd. and is not cascaded from any parent organization. Historically, Transocean's emissions have fluctuated, with total emissions reaching approximately 891,951,000 kg CO2e in 2021 and 1,079,691,000 kg CO2e in 2020. The company has acknowledged the importance of addressing its carbon footprint but has yet to establish formal reduction targets or commitments. Overall, Transocean's emissions profile highlights the challenges faced by the offshore drilling industry in managing carbon emissions, particularly in relation to business travel and operational activities.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 1,419,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 00,000 |
| Scope 2 | - | 0,000,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 00,000,000 | - | - | 00,000,000 |
How Carbon Intensive is Transocean's Industry?
How Carbon Intensive is Transocean's Location?
Transocean's Scope 3 Categories Breakdown
Transocean's Scope 3 emissions, which decreased by 27% last year and decreased by approximately 27% since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Transocean'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.
Transocean 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.
