Siem Offshore

Siem Offshore's reported carbon emissions

In 2023, Siem Offshore reported total carbon emissions of approximately 270.6 million kg CO2e. This figure includes Scope 1 emissions of about 18.1 million kg CO2e, primarily from mobile combustion, and Scope 2 emissions of approximately 25 million kg CO2e. The company’s Scope 3 emissions were significantly higher, totalling around 271.1 billion kg CO2e, with major contributions from fuel and energy-related activities, which accounted for about 252.4 million kg CO2e. Comparatively, in 2022, Siem Offshore's total emissions were approximately 265 million kg CO2e, with Scope 1 emissions at about 26.5 million kg CO2e and Scope 3 emissions reaching around 2.6 billion kg CO2e. This indicates a slight increase in total emissions year-on-year. Despite the substantial emissions figures, Siem Offshore has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The emissions data is cascaded from Siem Offshore AS, reflecting the company's current subsidiary status within its corporate family. Overall, Siem Offshore's emissions profile highlights the significant challenges faced by the maritime industry in addressing carbon emissions, particularly in Scope 3 categories, which often represent the largest share of total emissions.