Golden Ocean
Golden Ocean Group Limited, commonly referred to as Golden Ocean, is a prominent player in the shipping industry, headquartered in Bermuda (BM). Founded in 2004, the company has established itself as a leader in the dry bulk shipping sector, primarily operating in key markets across Asia, Europe, and North America. Specialising in the transportation of commodities such as iron ore and coal, Golden Ocean distinguishes itself through its modern fleet and commitment to operational efficiency. The company has achieved significant milestones, including a successful public listing and strategic fleet expansions, solidifying its market position. With a focus on sustainability and innovation, Golden Ocean continues to enhance its service offerings, making it a preferred choice for clients seeking reliable and environmentally responsible shipping solutions.
DitchCarbon Score
How does Golden Ocean's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Maritime Transport industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Golden Ocean's score of 18 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Golden Ocean's reported carbon emissions
In 2024, Golden Ocean, headquartered in Bermuda (BM), reported a carbon intensity indicator (CII) of approximately 0.00427 tonnes CO2e per vessel segment under Scope 1 emissions. This follows a CII of about 0.00416 tonnes CO2e in 2023. The company has set ambitious climate commitments, aiming for a 15% reduction in CII by 2026 and a 30% reduction by 2030, both compared to 2019 levels. Furthermore, Golden Ocean has pledged to achieve net zero emissions by 2050. In previous years, Golden Ocean's emissions data revealed significant figures: in 2022, the company reported Scope 1 emissions of approximately 1,867,760,000 kg CO2e, Scope 2 emissions of about 29,200 kg CO2e, and Scope 3 emissions from business travel at approximately 25,800 kg CO2e. The company has demonstrated a commitment to reducing its carbon footprint, achieving a 6% reduction in its fleet's carbon emissions from 2018 to 2019. Golden Ocean's emissions data is cascaded from its parent company, Golden Ocean Group Limited, reflecting a corporate family relationship. The company continues to focus on enhancing its sustainability practices and reducing its overall environmental impact in the shipping industry.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 4,500,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - | - | - | - | - | 00,000 | 00,000 | 00,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | 00,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Golden Ocean is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
