Van Oord

Van Oord's reported carbon emissions

Van Oord, a construction work company headquartered in NL, has demonstrated a commitment to reducing its carbon emissions. In 2024, the company reported total emissions of approximately 2.23 billion kg CO2e. This figure is comprised of approximately 712.4 million kg CO2e for Scope 1 emissions, about 1.4 million kg CO2e for Scope 2 emissions (market-based), and approximately 1.52 billion kg CO2e for Scope 3 emissions. Key Scope 3 categories for Van Oord in 2024 included purchased goods and services at about 1.3 billion kg CO2e, and fuel and energy-related activities at approximately 164 million kg CO2e. Looking at previous years, total emissions in 2023 were approximately 2.37 billion kg CO2e, with Scope 1 at about 602.6 million kg CO2e and Scope 3 at approximately 1.77 billion kg CO2e. In 2022, total emissions stood at approximately 1.58 billion kg CO2e, including Scope 1 emissions of about 475.3 million kg CO2e and Scope 3 emissions of around 1.1 billion kg CO2e. For 2021, total emissions were approximately 1.58 billion kg CO2e, with Scope 1 emissions at about 390.1 million kg CO2e and Scope 3 emissions at roughly 1.19 billion kg CO2e. Van Oord has established ambitious climate targets, which are cascaded from Van Oord NV. The company commits to reducing absolute well-to-wake Scope 1 and 3 GHG emissions from offshore operations by 35% by 2030, using 2023 as a base year. Additionally, 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 baseline. Further long-term goals include a commitment to reduce absolute well-to-wake Scope 1 and 3 GHG emissions from offshore operations by 96% by 2040 from a 2023 base year. The company also aims for a significant reduction in its broader Scope 3 emissions, targeting a 90% decrease by 2050 from the 2023 baseline. Van Oord has set a net-zero target for greenhouse gas emissions across its entire value chain by 2050. In terms of renewable energy, Van Oord is committed to increasing its active annual sourcing of renewable electricity, aiming for 80% by 2025 and reaching 100% by 2030. This includes an interim goal of sourcing 66% renewable electricity in 2023.