Ocean Yield Asa
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 19 is higher than 56% 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 supply chain and operational activities. The company has set ambitious climate commitments, aiming for a 50% reduction in emissions by 2030 compared to a 2008 baseline for both Scope 1 and Scope 2 emissions. Additionally, Ocean Yield ASA is currently revising its overarching net zero target in alignment with the Science Based Targets Initiative (SBTi), with a completion date expected in 2024. Historically, the company has shown a consistent pattern in its emissions reporting, with Scope 3 emissions recorded at approximately 1,280,000,000,000 kg CO2e in 2022 and 1,400,000,000,000 kg CO2e in 2021. The absence of Scope 2 emissions data indicates a potential area for improvement in their reporting and reduction strategies. Overall, Ocean Yield ASA's climate commitments reflect a proactive approach to addressing its carbon emissions, with clear targets and a focus on aligning with industry standards.
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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 |
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.
Ocean Yield Asa 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.
