Frontline Plc

Common Name
Frontline
Country
Cyprus
Sector
Energy
Industry
Oil & Gas Midstream
Employees
85
Ticker
FRO
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Frontline Plc is a leading global shipping company specializing in the transportation of crude oil and refined petroleum products. Primarily operating through its large fleet of tankers, Frontline's m...

Frontline's GHG Emissions Data Preview

In 2023, Frontline completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Frontline has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Frontline’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Frontline’s data sources below and access millions more through our Disclosure Search.

a. Frontline's ESG Report 2023
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Insights into Frontline's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Frontline amounted to 2,317,363.76 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Frontline increased by 9.79%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Frontline's Scope 1 Emissions Over Time

2021202220230600 k1.2 M1.8 M2.4 MtCO2e+1%+10%
  • Total Scope 1
  • Year-over-Year Change

What are Frontline's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Frontline were 2,317,363 metric tons of CO₂ equivalent (tCO₂e). a

Has Frontline reduced its Scope 1 emissions over time?

Since 2021, Frontline's Scope 1 emissions have increased by 11.33%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Frontline's Scope 1 emissions increased by 9.79%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Frontline's Scope 2 emissions?

In 2023, Frontline reported Scope 2 greenhouse gas (GHG) emissions of 2.05 tCO₂e using the market-based method and 0.76 tCO₂e using the location-based method. a

Has Frontline reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Frontline's Scope 2 emissions (Location-Based) rose by 52% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does Frontline use for Scope 2 reporting?

In 2023, Frontline reported its Scope 2 emissions using the market-based method and using the location-based method. a

Frontline's Scope 2 Emissions Over Time

202120222023020406080tCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Frontline's Value Chain Emissions

In 2023, Frontline reported 36.95 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of Frontline includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Frontline's Scope 3 Emissions Over Time

2021202220230255075100tCO2e+794%-56%
  • Total Scope 3
  • Year-over-Year Change

What are Frontline's Scope 3 emissions?

In 2023, Frontline reported total Scope 3 emissions of 36.95 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Frontline reduced its Scope 3 emissions over time?

Since 2021, Frontline's Scope 3 emissions have increased by 297.31%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Frontline's Scope 3 emissions decreased by 55.54%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does Frontline disclose?

In 2023, Frontline reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Frontline's Scope 3 emissions?

In 2023, the largest contributors to Frontline's Scope 3 emissions were: a

  • Business Travel (Cat. 6): 36.95 tCO₂e (100%)

Frontline's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(100.0%)

Insights into Frontline’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Frontline reported Scope 1 greenhouse gas (GHG) emissions of 2,317,363 tCO₂e and total revenues of USD 1,802 millions. This translates into an emissions intensity of 1,285.86 tCO₂e per millions USD. a

Frontline's Scope 1 Emissions Intensity Compared to Peers

2005,000200,0005,000,000100,000,000Scope 1 Emissions (tCO2e)5501,00010,000200,000Revenues (Millions of USD)HAntero MidstreamYear: 2022Scope 1: 1,961,172 tCO2eRevenue: $M 991Scope 1 Intensity: 1,979.67 tCO2e/$MDT MidstreamYear: 2023Scope 1: 1,714,654 tCO2eRevenue: $M 922Scope 1 Intensity: 1,859.71 tCO2e/$MKinetik HoldingsYear: 2023Scope 1: 2,020,587 tCO2eRevenue: $M 1,256Scope 1 Intensity: 1,608.22 tCO2e/$MBeach EnergyYear: 2023Scope 1: 538,977 tCO2eRevenue: $M 7Scope 1 Intensity: 81,171.23 tCO2e/$MSinopec Kantons HoldingsYear: 2023Scope 1: 1,201 tCO2eRevenue: $M 78Scope 1 Intensity: 15.38 tCO2e/$MWilliams CompaniesYear: 2023Scope 1: 13,640,000 tCO2eRevenue: $M 10,907Scope 1 Intensity: 1,250.57 tCO2e/$MHHHess MidstreamYear: 2023Scope 1: 486,869 tCO2eRevenue: $M 1,346Scope 1 Intensity: 361.69 tCO2e/$MCMB.TECHYear: 2023Scope 1: 2,226,796 tCO2eRevenue: $M 1,235Scope 1 Intensity: 1,802.89 tCO2e/$MCheniere EnergyYear: 2023Scope 1: 9,730,770 tCO2eRevenue: $M 20,394Scope 1 Intensity: 477.14 tCO2e/$MNew Fortress EnergyYear: 2020Scope 1: 967,889 tCO2eRevenue: $M 452Scope 1 Intensity: 2,143.01 tCO2e/$MEnterprise Products PartnersYear: 2022Scope 1: 12,000,000 tCO2eRevenue: $M 58,186Scope 1 Intensity: 206.24 tCO2e/$MExcelerate EnergyYear: 2023Scope 1: 596,397 tCO2eRevenue: $M 1,159Scope 1 Intensity: 514.60 tCO2e/$MWestern Midstream PartnersYear: 2023Scope 1: 4,690,000 tCO2eRevenue: $M 3,106Scope 1 Intensity: 1,509.75 tCO2e/$MKinder MorganYear: 2024Scope 1: 15,400,000 tCO2eRevenue: $M 15,100Scope 1 Intensity: 1,019.87 tCO2e/$MAltaGasYear: 2022Scope 1: 1,904,084 tCO2eRevenue: $M 10,408Scope 1 Intensity: 182.94 tCO2e/$MQatar Gas Transport Co Ltd (Nakilat) (QPSC)Year: 2023Scope 1: 5,328,583 tCO2eRevenue: $M 996Scope 1 Intensity: 5,349.81 tCO2e/$MTormYear: 2023Scope 1: 1,558,254 tCO2eRevenue: $M 10,501Scope 1 Intensity: 148.39 tCO2e/$MMPLXYear: 2023Scope 1: 5,400,000 tCO2eRevenue: $M 10,434Scope 1 Intensity: 517.54 tCO2e/$MGibson EnergyYear: 2023Scope 1: 115,192 tCO2eRevenue: $M 8,320Scope 1 Intensity: 13.85 tCO2e/$MTarga ResourcesYear: 2022Scope 1: 8,406,000 tCO2eRevenue: $M 20,930Scope 1 Intensity: 401.63 tCO2e/$MScorpio TankersYear: 2023Scope 1: 2,362,449 tCO2eRevenue: $M 1,341Scope 1 Intensity: 1,761.42 tCO2e/$MFrontlineYear: 2023Scope 1: 2,317,363 tCO2eRevenue: $M 1,802Scope 1 Intensity: 1,285.86 tCO2e/$M

How does Frontline's GHG emissions intensity compare to its peers?

In 2023, Frontline reported a Scope 1 emissions intensity of 1,285.86 tCO₂e per millions USD. Compared to the peer group median of 1,019.87, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Frontline rank on GHG emissions intensity within its industry?

In 2023, Frontline ranked 13 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Frontline is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Frontline's Total Carbon Footprint

In 2023, Frontline reported a total carbon footprint of 2,317,400.71 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.79% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Frontline's total carbon footprint was Scope 1 emissions, accounting for 100% of the company's total carbon footprint, followed by Scope 3 emissions at 0%. a

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