Tgs Sustainability Profile
TGS, or TGS-NOPEC Geophysical Company ASA, is a leading provider of geoscience data and services, headquartered in Norway. Established in 1981, TGS has grown to become a key player in the energy sector, particularly in the oil and gas industry, with significant operations across Europe, North America, and Asia. The company specialises in the acquisition, processing, and interpretation of geophysical data, offering unique products such as seismic surveys and geological data solutions. TGS is renowned for its innovative approach, leveraging advanced technology to deliver high-quality data that supports exploration and production activities. With a strong market position, TGS has achieved notable milestones, including extensive data libraries and strategic partnerships that enhance its service offerings. The company continues to set industry standards, making it a trusted partner for energy companies worldwide.
DitchCarbon Score
How does Tgs'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 Other Services 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
Tgs's score of 65 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tgs's reported carbon emissions
In 2024, TGS, headquartered in Norway, reported total carbon emissions of approximately 1,000,000 kg CO2e, all of which were classified under Scope 2 emissions. This figure reflects the company's commitment to transparency in its environmental impact, although it does not currently disclose Scope 1 or Scope 3 emissions data. TGS has set ambitious climate commitments, aiming for net-zero emissions in both Scope 1 and Scope 2 by 2030. This target was established in 2021, prior to the acquisition of Magseis Fairfield and the anticipated acquisition of PGS. The company has also set a short-term target to keep combined Scope 1 and 2 emissions below the baseline levels established in 2020, which was 12,355 metric tons CO2e. In 2021, TGS achieved a 10% reduction, reporting combined emissions of 11,208.91 metric tons CO2e. TGS's climate strategy is supported by its commitment to remain below established baseline levels and to achieve net-zero emissions across its operational scopes by the end of the decade. The company is actively working towards these goals, demonstrating a proactive approach to climate change mitigation.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 719,000,000 | 000,000,000 | - | - | - | 00,000,000 | 000,000,000 |
| Scope 2 | 10,770,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Tgs's Industry?
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Tgs's Scope 3 Categories Breakdown
Tgs's Scope 3 emissions, which decreased by 30% last year and increased by approximately 37% since 2020, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 43% of total emissions under the GHG Protocol, with "Upstream Transportation & Distribution" being the largest emissions source at 63% of Scope 3 emissions.
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Tgs'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.
Tgs 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.
