Odfjell SE
Odfjell's GHG Emissions Data Preview
In 2024, Odfjell 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).
Odfjell has also provided a category-level breakdown for 9 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/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  a | 0000000 |
Location-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  a | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 |
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aVerified Sources Behind Odfjell’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 Odfjell’s data sources below and access millions more through our Disclosure Search.
Insights into Odfjell's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Odfjell amounted to 1,189,455.7 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 2023, the total operational greenhouse gas (GHG) emissions of Odfjell increased by 0.62%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Odfjell's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Odfjell's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Odfjell were 1,189,279.1 metric tons of CO₂ equivalent (tCO₂e).a
Has Odfjell reduced its Scope 1 emissions over time?
Since 2021, Odfjell's Scope 1 emissions have decreased by 21.43%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Odfjell's Scope 1 emissions remained relatively stable, indicating that Odfjell's emissions have plateaued with no significant change in its operational footprint.a
What are Odfjell's Scope 2 emissions?
In 2024, Odfjell reported Scope 2 greenhouse gas (GHG) emissions of 170.7 tCO₂e using the market-based method and 176.6 tCO₂e using the location-based method.a
Has Odfjell reduced its Scope 2 emissions over time?
Since 2021, Odfjell's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 63.97%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Odfjell's Scope 2 emissions (Location-Based) rose by 20.46% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
What methodology does Odfjell use for Scope 2 reporting?
In 2024, Odfjell reported its Scope 2 emissions using the market-based method and using the location-based method.a
Odfjell's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Odfjell's Value Chain Emissions
In 2024, Odfjell reported 673,951.6 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 2024 disclosure of Odfjell includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Odfjell's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Odfjell's Scope 3 emissions?
In 2024, Odfjell reported total Scope 3 emissions of 673,951.6 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 96.14% of these emissions originated from upstream activities such as purchased goods and capital goods, while 3.86% came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Odfjell reduced its Scope 3 emissions over time?
Since 2021, Odfjell's Scope 3 emissions have decreased by 36.42%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Odfjell's Scope 3 emissions decreased by 23.77%, highlighting the company's efforts to lower indirect emissions from its value chain.a
What categories of Scope 3 emissions does Odfjell disclose?
In 2024, Odfjell reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Odfjell's Scope 3 emissions?
In 2024, the largest contributors to Odfjell's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 324,978.4 tCO₂e (48.22%)
- Fuel- and Energy-Related Services (Cat. 3): 307,232.9 tCO₂e (45.59%)
- Investments (Cat. 15): 25,996 tCO₂e (3.86%)
Odfjell's Scope 3 Emissions by Categories
Insights into Odfjell’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Odfjell reported Scope 1 greenhouse gas (GHG) emissions of 1,189,279.1 tCO₂e and total revenues of USD 12,784 millions. This translates into an emissions intensity of 93.03 tCO₂e per millions USD.a
Odfjell's Scope 1 Emissions Intensity Compared to Peers
How does Odfjell's GHG emissions intensity compare to its peers?
In 2024, Odfjell reported a Scope 1 emissions intensity of 93.03 tCO₂e per millions USD. Compared to the peer group median of 139.27, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Odfjell rank on GHG emissions intensity within its industry?
In 2024, Odfjell ranked 12 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Odfjell is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Odfjell's Total Carbon Footprint
In 2024, Odfjell reported a total carbon footprint of 1,863,407.3 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.82% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Odfjell's total carbon footprint was Scope 1 emissions, accounting for 63.82% of the company's total carbon footprint, followed by Scope 3 emissions at 36.17%.a