Curious to see the emissions of the organizations you buy from or invest in?
Book a demo for a pilot project
Euronav NV, commonly referred to as Euronav, is a leading player in the sea and coastal water transportation services industry. Headquartered in Belgium, the company specialises in the transportation of crude oil and petroleum products across major global shipping routes. Since its founding in 2005, Euronav has established a strong market presence, recognised for its modern fleet and operational efficiency.
The company’s core offerings include the ownership and operation of large crude oil tankers, with a focus on safety and environmental standards that set it apart in the industry. Euronav’s strategic position as one of the largest independent tanker operators has earned it notable recognition within the maritime sector. Its commitment to reliable, specialised shipping services continues to underpin its reputation as a key player in global maritime logistics.
21
DitchCarbon score
+13 vs industry average
Euronav’s score of 21 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Part of the Sustainability team at Euronav?
- Control how your company's emission story is told
- Respond to customers efficiently
- See who's viewing your profile
Industry Intensity
Very High
Maritime Transport is among the most carbon-intensive industries
Industry performance
1.042
20182025
The Maritime Transport industry has reduced its overall emissions by 28% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Euronav's reported carbon emissions
Euronav reported total carbon emissions of approximately 3.02 billion kg CO2e in 2023. This includes about 2.23 billion kg CO2e from Scope 1, 175,000 kg CO2e from Scope 2, and 789,791 kg CO2e from Scope 3. For Scope 3, business travel accounted for approximately 12.76 million kg CO2e, downstream leased assets for roughly 269.37 million kg CO2e, and fuel and energy-related activities for about 506.14 million kg CO2e.
Looking back, their total emissions were approximately 2.81 billion kg CO2e in 2022 and 3.20 billion kg CO2e in 2021.
Euronav is committed to reducing its environmental impact within the sea and coastal water transportation services industry. The company aims to reduce carbon dioxide emissions per transport work, as an average across international shipping, by at least 40% by 2030, and further by 70% by 2050, compared to 2008 emission levels. Additionally, Euronav intends to reduce its total annual greenhouse gas emissions by at least 50% by 2050 compared to 2008, with efforts towards phasing them out entirely.
More near-term targets include reducing Scope 1 emissions by 10% by 2025 from a 2020 baseline and Scope 2 emissions by 27% by 2025 from a 2020 baseline. The company also aims for near-zero Scope 1 and Scope 2 emissions by the middle of this decade.
Emissions data for Euronav is cascaded from its related organization, Euronav MI II Inc.
Assessing Euronav as a supplier or portfolio company?
- See verified emissions data for over 2 million organizations
- View emissions forecasts for Euronav and the organizations you buy from or invest in
- Get PCAF data quality (DQ) scores, including for private organizations
Euronav’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
Already have an account? Sign in now
Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
Inherited from Cmb.Tech NVSee details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Euronav28 days ago
21
Need this data for financed emissions?
PCAF scored Scope 1, 2 and 3 for 2M+ organizations, including private ones.
Usage policy
You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.
Where does DitchCarbondata come from?
Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers
Learn more