Ocean Yield ASA, headquartered in Norway, is a prominent player in the sea and coastal water transportation services industry. Founded in 2012, the company has established itself as a leader in providing long-term financing solutions for maritime assets, particularly in the shipping and offshore sectors.
With a focus on high-quality, modern vessels, Ocean Yield ASA offers unique services that cater to the evolving needs of the maritime market. The company’s portfolio includes a diverse range of assets, from crude oil tankers to offshore support vessels, positioning it strategically within the industry.
Recognised for its robust financial performance and commitment to sustainability, Ocean Yield ASA continues to expand its operational footprint, serving clients across key maritime regions globally. Its dedication to innovation and efficiency has solidified its reputation as a trusted partner in the maritime finance landscape.
+5 vs industry average
Ocean Yield Asa’s score of 13 is higher than 50% 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
Maritime Transport is among the most carbon-intensive industries
Industry performance
The Maritime Transport industry has increased its overall emissions by 30% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Ocean Yield Asa's reported carbon emissions
Ocean Yield ASA, headquartered in Norway and operating in the sea and coastal water transportation services industry, has set a long-term goal to achieve net-zero emissions by 2050, aligning with the International Maritime Organization's (IMO) revised strategy.
For the reporting year 2024, Ocean Yield's disclosed emissions include approximately 110 billion kg CO2e for Scope 1 and approximately 900 billion kg CO2e for Scope 3.
In 2023, the company reported Scope 1 emissions of approximately 10 billion kg CO2e and Scope 3 emissions of approximately 1.16 trillion kg CO2e.
Emissions for previous years are as follows:
- 2022: Scope 1 emissions were 0.0 kg CO2e, with Scope 3 emissions at approximately 1.28 trillion kg CO2e.
- 2021: Scope 1 emissions were 0.0 kg CO2e, with Scope 3 emissions at approximately 1.40 trillion kg CO2e.
- 2020: Scope 1 emissions were approximately 20 billion kg CO2e, and Scope 3 emissions were approximately 1.21 trillion kg CO2e.
- 2019: Scope 1 emissions were approximately 10 billion kg CO2e, Scope 2 emissions were 0.0 kg CO2e, and Scope 3 emissions were approximately 1.21 trillion kg CO2e.
While Scope 2 emissions data is not consistently available across all reported years, Ocean Yield has actively disclosed Scope 1 and Scope 3 emissions. The company's commitment to a net-zero future by 2050 demonstrates a strategic focus on decarbonising its operations within the maritime sector.
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Ocean Yield Asa’s Climate Goals (2030 & 2050)
1 goal2050
Ocean Yield aims to be a net-zero emissions company by 2050,…
Ocean Yield aims to be a net-zero emissions company by 2050, in line with the 2023 revised strategy from the IMO.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 1 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Ocean Yield Asa
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