In 2025, 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) | 2025 | 2024 | 2023 | 2022-2019 |
|---|---|---|---|---|
Total Scope 1 | 1,234,783a | 1,189,279.1a | 1,181,995a | |
Total Scope 2 | ||||
Market-Based | 178.1a | 170.7a | 137.8a | |
Location-Based | 284.6a | 176.6a | 146.6a | |
Total Scope 3 | 874,861.6a | 674,213.3a | 884,065.2a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1,107.0316a | 952.4901a | 989.963a |
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In 2025, the total operational greenhouse gas (GHG) emissions of Odfjell amounted to 1,235,067.6 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 2024, the total operational greenhouse gas (GHG) emissions of Odfjell increased by 3.83%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2025, the total Scope 1 emissions of Odfjell were 1,234,783 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Odfjell's Scope 1 emissions have decreased by 18.42%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2024), Odfjell's Scope 1 emissions increased by 3.83%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2025, Odfjell reported Scope 2 greenhouse gas (GHG) emissions of 178.1 tCO₂e using the market-based method and 284.6 tCO₂e using the location-based method.a
Since 2021, Odfjell's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 164.25%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2024), Odfjell's Scope 2 emissions (Location-Based) rose by 61.16% in 2025, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2025, Odfjell reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2025, Odfjell reported 874,861.6 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 2025 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 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2025, Odfjell reported total Scope 3 emissions of 874,861.6 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 97.13% of these emissions originated from upstream activities such as purchased goods and capital goods, while 2.87% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, Odfjell's Scope 3 emissions have decreased by 17.47%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2024), Odfjell's Scope 3 emissions increased by 29.76%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2025, 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.
In 2025, the largest contributors to Odfjell's Scope 3 emissions were:a
In 2025, Odfjell reported Scope 1 greenhouse gas (GHG) emissions of 1,234,783 tCO₂e and total revenues of USD 1,115 millions. This translates into an emissions intensity of 1,107.03 tCO₂e per millions USD.a
In 2025, Odfjell reported a Scope 1 emissions intensity of 1,107.03 tCO₂e per millions USD. Compared to the peer group median of 84.86, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2025, Odfjell ranked 26 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Odfjell among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2025, Odfjell reported a total carbon footprint of 2,109,929.2 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 13.21% increase compared to 2024, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Odfjell's total carbon footprint was Scope 1 emissions, accounting for 58.52% of the company's total carbon footprint, followed by Scope 3 emissions at 41.46%.a