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.
+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.
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Industry Intensity
Maritime Transport is among the most carbon-intensive industries
Industry performance
The Maritime Transport industry has reduced its overall emissions by 28% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Euronav's reported carbon emissions
Euronav, a company providing sea and coastal water transportation services headquartered in Belgium, has reported its carbon emissions for recent years. In 2023, the company's total emissions were approximately 3.02 billion kg CO2e. This comprised Scope 1 emissions of about 2.23 billion kg CO2e, Scope 2 emissions of approximately 175,000 kg CO2e, and Scope 3 emissions of about 789,791 kg CO2e. Key contributors within Scope 3 for 2023 included fuel and energy-related activities at approximately 506.14 million kg CO2e and downstream leased assets at about 269.37 million kg CO2e.
In 2022, Euronav reported total emissions of approximately 2.81 billion kg CO2e, with Scope 1 emissions at about 2.16 billion kg CO2e and Scope 2 emissions at approximately 157,000 kg CO2e. Scope 3 emissions for that year totalled around 653,262 kg CO2e, with fuel and energy-related activities contributing approximately 484.14 million kg CO2e.
Euronav is committed to reducing its environmental impact, with several reduction targets in place. The company aims to reduce carbon dioxide emissions per transport work by at least 40% by 2030 and pursue efforts towards a 70% reduction by 2050, both compared to 2008 emission levels. Furthermore, Euronav has set a long-term target to reduce total annual greenhouse gas emissions by at least 50% by 2050, also compared to 2008 levels, while pursuing efforts towards phasing them out entirely.
More near-term targets include reducing Scope 1 emissions by 10% by 2025 from a 2020 baseline. Additionally, Euronav aims to reduce its Scope 2 emissions by 27% by 2025 from a 2020 baseline, and has set an objective to reduce Scope 2 emissions to near zero by the middle of this decade. The company also has a near-term goal to reduce Scope 1 emissions to near zero by the middle of this decade.
Euronav's emissions data is cascaded from Euronav MI II Inc., with the cascade level at 3 and a relationship type of 'current_subsidiary'. The company's performance data is sourced from Euronav MI II Inc. at cascade level 0.
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Euronav’s Climate Goals (2030 & 2050)
8 goals2050
50% reduction in Scope 1
reducing the total annual greenhouse emissions by at least 50% by 2050 compared to 2008 while pursuing efforts towards phasing them out enti…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Euronav
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