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Siem Offshore, headquartered in Norway, is a prominent player in the oil and hazardous waste treatment industry, specialising in incineration services. Founded in 2005, the company has established a strong presence in key operational regions, including Europe and the North Sea, focusing on environmentally responsible waste management solutions.
The firm offers a range of core services, including the safe incineration of hazardous waste, which sets it apart through its commitment to sustainability and compliance with stringent environmental regulations. Siem Offshore has achieved notable milestones, reinforcing its market position as a leader in waste treatment solutions. With a reputation for reliability and innovation, the company continues to contribute significantly to the industry's evolution, ensuring safe and efficient waste disposal practices.
+7 vs industry average
Siem Offshore’s score of 18 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hazardous Waste Incineration is among the most carbon-intensive industries
The Hazardous Waste Incineration industry has reduced its overall emissions by 39% since 2018
Scope 3 accounts for ••• of total emissions.
Siem Offshore, a Norwegian company in the oil/hazardous waste treatment industry, reported total carbon emissions of approximately 271.4 billion kg CO2e in 2023. This includes Scope 1 emissions of approximately 18.1 million kg CO2e, Scope 2 emissions of about 25 million kg CO2e, and Scope 3 emissions of roughly 271.1 billion kg CO2e. For 2022, the company's total emissions were approximately 2.9 billion kg CO2e.
While specific reduction targets for Siem Offshore are not explicitly stated, some climate commitments are inherited from related organizations. For instance, a document indicates that DOF (likely referring to a related entity or the ultimate parent through corporate family relationship) is committed to a 40% reduction in Scope 1 emissions by 2030 compared to 2008 levels. It's important to note that Siem Offshore's CDP data is cascaded from its ultimate parent, Sea1 Offshore Inc.
In 2021, Siem Offshore's Scope 1 emissions were approximately 229.1 million kg CO2e. In 2020, Scope 1 emissions totalled about 211.8 million kg CO2e. No Scope 2 or Scope 3 data were disclosed for these earlier years.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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.
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