Van Oord

Van Oord's Climate Commitments and Emissions Overview

Van Oord, an NL-based construction work company, is actively working to reduce its carbon footprint. In 2024, the company reported total global emissions of approximately 2.23 billion kg CO2e. This comprised roughly 712.4 million kg CO2e from Scope 1 emissions and approximately 1.52 billion kg CO2e from Scope 3 emissions. Scope 2 emissions for the same year were around 1.4 million kg CO2e (market-based).

Looking at previous years, Van Oord reported total emissions of approximately 2.37 billion kg CO2e in 2023, with Scope 1 at about 602.6 million kg CO2e and Scope 3 at approximately 1.77 billion kg CO2e. In 2022, total emissions were around 1.58 billion kg CO2e, with Scope 1 emissions at approximately 475.3 million kg CO2e and Scope 3 emissions at about 1.1 billion kg CO2e. Prior to that, in 2021, total emissions stood at approximately 1.58 billion kg CO2e, with Scope 1 emissions around 390.1 million kg CO2e and Scope 3 emissions at approximately 1.19 billion kg CO2e. In 2020, total emissions were about 1.62 billion kg CO2e, with Scope 1 at approximately 472.2 million kg CO2e and Scope 3 at roughly 1.15 billion kg CO2e. The company reported total emissions of approximately 1.86 billion kg CO2e in 2019, including Scope 1 at about 534.3 million kg CO2e and Scope 3 at approximately 1.19 billion kg CO2e.

Van Oord has set ambitious climate targets aligned with the Science Based Targets initiative (SBTi). By 2030, the company commits to reducing absolute well-to-wake Scope 1 and Scope 3 (offshore operations) greenhouse gas (GHG) emissions by 35% from a 2023 baseline. Furthermore, Van Oord aims to reduce absolute Scope 3 GHG emissions from purchased goods and services, capital goods, upstream transportation and distribution, business travel, and employee commuting by 25% by 2030, also from a 2023 base year.

Looking towards longer-term goals, Van Oord is committed to achieving net-zero GHG emissions across its entire value chain by 2050. To support this, they have established a goal to reduce absolute well-to-wake Scope 1 and 3 GHG emissions from offshore operations by 96% by 2040 from a 2023 base year. Additionally, Scope 3 emissions from purchased goods and services, capital goods, upstream transportation and distribution, business travel, and employee commuting are targeted for a 90% reduction by 2050, again from a 2023 baseline.

In terms of renewable energy, Van Oord is increasing its active annual sourcing of renewable electricity from 66% in 2023 to 80% by 2025 and aims for 100% by 2030. The company's climate commitments are cascaded from Van Oord NV.