Van Oord

Van Oord's reported carbon emissions

Van Oord, headquartered in the Netherlands (NL), has demonstrated a commitment to reducing its environmental impact through specific carbon emission reduction targets. **Emissions Data:** For the reporting year 2024, Van Oord reported a total of approximately 2.23 billion kg CO2e. This comprises: * **Scope 1:** Approximately 712.4 million kg CO2e. * **Scope 2:** Approximately 1.4 million kg CO2e (market-based). * **Scope 3:** Approximately 1.52 billion kg CO2e, with the largest contributions from purchased goods and services (approximately 1.30 billion kg CO2e) and fuel and energy-related activities (approximately 164 million kg CO2e). In the preceding year, 2023, total emissions were approximately 2.37 billion kg CO2e. This included Scope 1 emissions of about 602.6 million kg CO2e and Scope 3 emissions of approximately 1.77 billion kg CO2e. Looking back to 2022, total emissions were around 1.58 billion kg CO2e, with Scope 1 at approximately 475.3 million kg CO2e and Scope 3 at about 1.10 billion kg CO2e. **Climate Commitments and Reduction Targets:** Van Oord has established ambitious climate goals aligned with the Science Based Targets initiative (SBTi). Key commitments include: * **Net-Zero Goal:** To achieve net-zero greenhouse gas emissions across the entire value chain by 2050. * **Near-Term Scope 1 & 3 Reduction:** A commitment to reduce absolute well-to-wake Scope 1 and 3 GHG emissions from offshore operations by 35% by 2030, using 2023 as a baseline year. * **Near-Term Scope 3 Reduction:** 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 baseline. * **Renewable Electricity Sourcing:** An objective to increase the active annual sourcing of renewable electricity from 66% in 2023 to 80% by 2025 and to 100% by 2030. * **Long-Term Scope 1 & 3 Reduction:** To reduce absolute well-to-wake Scope 1 and 3 GHG emissions from offshore operations by 96% by 2040, against a 2023 base year. * **Long-Term Scope 3 Reduction:** To reduce absolute Scope 3 GHG emissions from purchased goods and services, capital goods, upstream transportation and distribution, business travel, and employee commuting by 90% by 2050, from a 2023 baseline. The company's SBTi targets and emissions data are sourced directly from Van Oord NV.