Ocean Yield Asa Sustainability Profile
Ocean Yield ASA, headquartered in Norway, is a prominent player in the maritime and shipping industry, specialising in the acquisition and operation of modern, high-quality vessels. Founded in 2012, the company has established a strong presence in key operational regions, including Europe and the Americas, focusing on sectors such as offshore support and renewable energy. With a diverse portfolio that includes advanced shipping assets, Ocean Yield ASA is recognised for its long-term charter agreements, which provide stable cash flows and mitigate market risks. The company’s commitment to sustainability and innovation sets it apart in a competitive landscape, positioning it as a leader in the maritime sector. Notable achievements include a robust fleet and strategic partnerships that enhance its market position, reflecting its dedication to growth and operational excellence.
DitchCarbon Score
How does Ocean Yield Asa'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
Ocean Yield Asa'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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Ocean Yield Asa's reported carbon emissions
In 2023, Ocean Yield ASA reported significant carbon emissions, with Scope 1 emissions totalling approximately 10,000,000,000 kg CO2e and Scope 3 emissions reaching about 1,160,000,000,000 kg CO2e. This data highlights the company's substantial carbon footprint, particularly in its upstream activities, as no Scope 2 emissions were disclosed. Over the past few years, Ocean Yield's Scope 3 emissions have shown a decreasing trend, from approximately 1,400,000,000,000 kg CO2e in 2021 to about 1,280,000,000,000 kg CO2e in 2022, before reaching the current figure in 2023. However, there are no specific reduction targets or initiatives outlined in their climate commitments, indicating a potential area for improvement in their sustainability strategy. The emissions data is not cascaded from any parent organisation, and Ocean Yield ASA operates independently in its reporting. The company has not established any Science-Based Targets Initiative (SBTi) reduction targets or other formal climate pledges, which may limit its ability to effectively address climate change impacts in the long term. Overall, while Ocean Yield ASA has made strides in tracking its emissions, the absence of reduction commitments suggests a need for enhanced climate action strategies to align with industry standards and expectations.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 10,000,000,000 | 00,000,000 | - | - | 00,000,000,000 |
| Scope 2 | - | - | - | - | - |
| Scope 3 | 1,210,000,000,000 | 0,000,000,000 | 0,000,000,000,000 | 0,000,000,000,000 | 0,000,000,000,000 |
How Carbon Intensive is Ocean Yield Asa's Industry?
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Ocean Yield Asa's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Ocean Yield Asa has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
