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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 (BM) and operating in Sea and coastal water transportation services, reported Scope 1 emissions of 2,176,400,000 kg CO2e in 2024. Scope 2 market-based emissions were 119,000 kg CO2e, while location-based Scope 2 emissions were 7,100 kg CO2e for the same year. Scope 3 emissions from business travel were 33,480 kg CO2e.
In 2023, Golden Ocean's Scope 1 emissions were 1,952,668,000 kg CO2e. Scope 2 market-based emissions were 1,570 kg CO2e and location-based Scope 2 emissions were 580 kg CO2e. Scope 3 business travel emissions amounted to 18,100 kg CO2e.
For 2022, the company reported Scope 1 emissions of 1,867,760,000 kg CO2e. Scope 2 market-based emissions were 1,800 kg CO2e, and location-based Scope 2 emissions were 600 kg CO2e. Scope 3 business travel emissions were 25,800 kg CO2e.
Golden Ocean aims to reduce its fleet's Carbon Intensity Indicator (CII) by 15% by 2026 and by 30% by 2030, both against a 2019 baseline. The company has also set a long-term goal to achieve net-zero emissions across all scopes by 2050. These reduction targets are cascaded from Golden Ocean Group Limited.
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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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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Golden Ocean26 days ago
23
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