Euronav

Euronav, headquartered in Belgium, reported total emissions of approximately 3,016,762,000 kg CO2e in 2023 for its sea and coastal water transportation services. This includes Scope 1 emissions of around 2,226,796,000 kg CO2e and Scope 2 emissions of about 175,000 kg CO2e. Scope 3 emissions for 2023 were approximately 789,791 kg CO2e, with significant contributors including fuel and energy related activities (around 506,136,000 kg CO2e) and downstream leased assets (approximately 269,371,000 kg CO2e).

The company is committed to reducing its carbon footprint with several targets. It aims to reduce Scope 1 emissions by 10% by 2025 from a 2020 baseline and to achieve near-zero Scope 1 emissions by the middle of this decade. For Scope 2 emissions, Euronav targets a 27% reduction by 2025 from a 2020 baseline and also aims for near-zero Scope 2 emissions by the middle of this decade.

Furthermore, Euronav is working towards reducing carbon dioxide emissions per transport work across international shipping by at least 40% by 2030, striving for a 70% reduction by 2050, compared to 2008 levels. The company also has a long-term goal to reduce total annual greenhouse gas emissions by at least 50% by 2050 compared to 2008, with ongoing efforts to phase them out entirely.

Emissions data for Euronav is cascaded from Euronav MI II Inc.