Torm
Torm A/S, commonly referred to as Torm, is a leading player in the global shipping industry, headquartered in Denmark (DK). Founded in 1889, Torm has established itself as a prominent operator of product tankers, specialising in the transportation of refined oil products and chemicals. With a strong operational presence in key regions including Europe, North America, and Asia, Torm has built a reputation for reliability and efficiency. The company’s fleet is distinguished by its modern, eco-friendly vessels, which are designed to meet stringent environmental regulations while optimising fuel efficiency. Torm's commitment to sustainability and safety has positioned it as a trusted partner in the maritime sector. Over the years, Torm has achieved significant milestones, reinforcing its status as a market leader in the product tanker segment.
DitchCarbon Score
How does Torm'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
Torm's score of 20 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Torm's reported carbon emissions
In 2023, Torm reported total carbon emissions of approximately 2,482,544,000 kg CO2e. This figure includes Scope 1 emissions of about 1,558,254,000 kg CO2e, Scope 2 emissions of approximately 506,000 kg CO2e, and Scope 3 emissions totalling around 923,784,000 kg CO2e. Comparatively, in 2022, Torm's total emissions were about 1,971,485,000 kg CO2e, with Scope 1 emissions at approximately 1,363,076,000 kg CO2e, Scope 2 at around 448,000 kg CO2e, and Scope 3 at about 607,961,000 kg CO2e. This indicates a significant increase in emissions from 2022 to 2023. Torm has not disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests that while the company is aware of its emissions, it may not yet have formalised strategies to reduce them. As a leading player in the maritime industry, Torm's emissions profile reflects the broader challenges faced by the sector in addressing climate change.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,374,835,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 525,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - | 0,000,000,000 | 000,000,000 | 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.
Torm 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.
