Euronav

Sustainability Report and Carbon Intensity Rankings

Is Euronav doing their part?

Their DitchCarbon score is 34

Euronav has a DitchCarbon Score of 34 out of 100, indicating a moderate level of sustainability in their operations. This score suggests that the company’s carbon intensity is relatively high, implying there is significant room for improvement in reducing emissions. A higher score would reflect better performance in lowering carbon intensity and advancing their sustainability efforts.

This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.

Industry emissions intensity

Very low

Low

Medium

High

Very high

Euronav operates within the transport services industry, which has a carbon intensity ranking of high. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.

Location emissions intensity

Very low

Low

Medium

High

Very high

Euronav, located in Belgium, benefits from the country’s very low carbon intensity rating. This favorable environmental context supports the company’s sustainability efforts by reducing its carbon footprint.
7.79%

...this company is doing 7.79% better in emissions than the industry average.

Founded in 1989 and headquartered in Antwerp, Belgium, Euronav is a leading player in the transport services industry, specializing in the ocean transportation and storage of crude oil. As the world’s largest independent quoted crude tanker platform, Euronav offers a range of services including operating a fleet of tankers on the spot and period markets, and providing Floating, Storage, and Offloading (FSO) vessel operations. With a presence in Europe and Asia, the company prides itself on high-quality fleet management and operations, leveraging its skilled seagoing and shore-based personnel.

Good news, Euronav has set solid SBTi climate commitments

Euronav has established Science Based Targets initiative (SBTi) commitments to significantly reduce their greenhouse gas emissions from company operations, which include direct emissions and indirect emissions from purchased energy. These targets align with the global effort to limit temperature rise to 1.5°C above pre-industrial levels.

There’s always room for improvement,

DitchCarbon recommends...

Euronav should consider enhancing their machinery and equipment to be cleaner and more efficient, which could potentially reduce their emissions by 15%.
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Our methodology

Read about our emission calculation methodologies, and what the DitchCarbon Score means.