Golden Ocean Group Ltd
Golden Ocean Group's GHG Emissions Data Preview
In 2023, Golden Ocean Group 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).
Golden Ocean Group 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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Unspecified Calculation Method | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Golden Ocean Group's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Golden Ocean Group amounted to 1,952,668.58 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).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Golden Ocean Group increased by 4.55%, suggesting that the company faced challenges in reducing its emissions from its core operations.
Golden Ocean Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Golden Ocean Group's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Golden Ocean Group were 1,952,668 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Golden Ocean Group reduced its Scope 1 emissions over time?
Since 2021, Golden Ocean Group's Scope 1 emissions have remained relatively, stable, indicating that Golden Ocean Group's emissions have plateaued with no significant change in its operational footprint.
Compared to the previous year (2022), Golden Ocean Group's Scope 1 emissions increased by 4.55%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.
What are Golden Ocean Group's Scope 2 emissions?
In 2023, Golden Ocean Group reported Scope 2 greenhouse gas (GHG) emissions of 1.57 tCOâ‚‚e using the market-based method, and 0.58 tCOâ‚‚e using the location-based method.
Has Golden Ocean Group reduced its Scope 2 emissions over time?
Compared to the previous year (2022), Golden Ocean Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Golden Ocean Group 's emissions have plateaued with no significant change in its energy consumption footprint.
What methodology does Golden Ocean Group use for Scope 2 reporting?
In 2023, Golden Ocean Group reported its Scope 2 emissions using the market-based method and using the location-based method.
Golden Ocean Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Golden Ocean Group's Value Chain Emissions
In 2023, Golden Ocean Group reported 18.1 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of Golden Ocean Group 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.
Golden Ocean Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Golden Ocean Group's Scope 3 emissions?
In 2023, Golden Ocean Group reported total Scope 3 emissions of 18.1 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
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.
Compared to the previous year (2022), Golden Ocean Group's Scope 3 emissions decreased by 29.84%, highlighting the company's efforts to lower indirect emissions from its value chain.
What categories of Scope 3 emissions does Golden Ocean Group disclose?
In 2023, Golden Ocean Group reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Golden Ocean Group's Scope 3 emissions?
In 2023, the largest contributors to Golden Ocean Group's Scope 3 emissions were:
- Business Travel (Cat. 6): 18.1 tCOâ‚‚e (100%)
Golden Ocean Group's Scope 3 Emissions by Categories
Insights into Golden Ocean Group's Total Carbon Footprint
In 2023, Golden Ocean Group reported a total carbon footprint of 1,952,686.68 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.55% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to Golden Ocean Group'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%.