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Golden Ocean Group Limited, commonly referred to as Golden Ocean, is a prominent player in the sea and coastal water transportation services industry. Headquartered in Bermuda (BM), the company has established a significant operational presence across key global shipping routes. Founded in 1996, Golden Ocean has achieved notable milestones, including a robust fleet of modern bulk carriers that cater to the transportation of dry bulk commodities.
The company’s core services revolve around the efficient and reliable transportation of goods, setting it apart with its commitment to sustainability and operational excellence. With a strong market position, Golden Ocean is recognised for its innovative approach to shipping logistics and its ability to adapt to changing market demands. As a leader in the maritime sector, Golden Ocean continues to shape the future of bulk transportation on a global scale.
23
DitchCarbon score
+15 vs industry average
Golden Ocean’s score of 23 is higher than 59% 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
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 – 2027
20202021202220232024202520262027
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.
Golden Ocean's reported carbon emissions
Golden Ocean, headquartered in Bermuda and operating in sea and coastal water transportation services, is committed to reducing its carbon emissions.
In 2024, Golden Ocean's Scope 1 emissions were 2,176,400,000 kg CO2e, Scope 2 market-based emissions were 119,000 kg CO2e, and Scope 3 business travel emissions were 33,480 kg CO2e.
Looking back, in 2023, the company reported Scope 1 emissions of 1,952,668,000 kg CO2e, Scope 2 market-based emissions of 1,570 kg CO2e, and Scope 3 business travel emissions of 18,100 kg CO2e. For 2022, Scope 1 emissions stood at 1,867,760,000 kg CO2e, Scope 2 market-based emissions were 1,800 kg CO2e, and Scope 3 business travel emissions were 25,800 kg CO2e.
Golden Ocean has set ambitious climate commitments, aiming for a 15% reduction in its fleet's Carbon Intensity Indicator (CII) by 2026, and a 30% reduction by 2030, both relative to a 2019 baseline year. The company is also committed to achieving net-zero emissions by 2050. These targets apply across all scopes of emissions.
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Golden Ocean’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
1 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Golden Ocean12 days ago
23
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