Transocean Sustainability Profile
Transocean Ltd., a leading offshore drilling contractor, is headquartered in Switzerland (CH) and operates primarily in deepwater and ultra-deepwater regions globally. Founded in 1953, the company has established itself as a key player in the oil and gas industry, focusing on high-specification drilling rigs and innovative technologies. Transocean's core services include the operation of advanced drilling rigs, catering to the needs of major oil companies. Its commitment to safety and efficiency sets it apart in a competitive market. With a strong portfolio of assets and a reputation for reliability, Transocean has achieved significant milestones, including numerous industry awards for operational excellence. As a prominent entity in the offshore drilling sector, Transocean continues to shape the future of energy exploration.
DitchCarbon Score
How does Transocean'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 Business 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
Transocean's score of 32 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Transocean's reported carbon emissions
In 2022, Transocean reported total carbon emissions of approximately 24,000,000 kg CO2e, with emissions distributed across various scopes: 66,000 kg CO2e (Scope 1), 2,072,000 kg CO2e (Scope 2), and 24,215,000 kg CO2e attributed to business travel (Scope 3). This data reflects a significant focus on transparency in emissions reporting, as the company disclosed emissions across all three scopes. In previous years, emissions were notably higher, with 2021 figures showing a total of about 891,951,000 kg CO2e, primarily from Scope 1 (approximately 889,663,000 kg CO2e) and Scope 2 (about 2,288,000 kg CO2e). The 2020 emissions were similarly high, at approximately 1,079,691,000 kg CO2e, with Scope 1 emissions at about 1,076,410,000 kg CO2e. Despite the substantial emissions figures, Transocean has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. The company’s climate strategy appears to be in the early stages, with no significant pledges or initiatives reported to date. Transocean's headquarters is located in Switzerland (CH), and the emissions data is sourced directly from Transocean Ltd., with no cascading from a parent organization. The company continues to navigate the complexities of carbon emissions in the offshore drilling sector, where operational intensity and emissions management are critical for sustainability.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 1,419,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 00,000 |
| Scope 2 | - | 0,000,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 00,000,000 | - | - | 00,000,000 |
How Carbon Intensive is Transocean's Industry?
How Carbon Intensive is Transocean's Location?
Transocean's Scope 3 Categories Breakdown
Transocean's Scope 3 emissions, which decreased by 27% last year and decreased by approximately 27% since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Transocean'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.
Transocean 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.
