In 2024, Orient Overseas (International) 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).
Orient Overseas (International) 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 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 6,922,800a | 6,277,700a | 5,815,100b | |
Total Scope 2 | ||||
Location-Based | 17,840a | 20,800a | 15,020b | |
Total Scope 3 | 7,159,870a | 2,688,830a | 1,270,590b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 646.8732a | 752.3739a | 37.7039b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Orient Overseas (International) amounted to 6,940,640 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 Orient Overseas (International) increased by 10.2%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Orient Overseas (International) were 6,922,800 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Orient Overseas (International)'s Scope 1 emissions have increased by 24.87%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Orient Overseas (International)'s Scope 1 emissions increased by 10.28%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Orient Overseas (International) reported Scope 2 greenhouse gas (GHG) emissions of 17,840 tCO₂e using the location-based method.a
Since 2021, Orient Overseas (International)'s Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 50.04%, reflecting a rising long-term trend in Scope 2 emissions over time.ac
Compared to the previous year (2023), Orient Overseas (International)'s Scope 2 emissions (Location-Based) fell by 14.23% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Orient Overseas (International) reported its Scope 2 emissions using the location-based method.a
In 2024, Orient Overseas (International) reported 7,159,870 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 Orient Overseas (International) includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Orient Overseas (International) reported total Scope 3 emissions of 7,159,870 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 82.97% of these emissions originated from upstream activities such as purchased goods and capital goods, while 17.03% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, Orient Overseas (International)'s Scope 3 emissions have increased by 3,955,629.28%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Orient Overseas (International)'s Scope 3 emissions increased by 166.28%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Orient Overseas (International) 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 2024, the largest contributors to Orient Overseas (International)'s Scope 3 emissions were:a
In 2024, Orient Overseas (International) reported Scope 1 greenhouse gas (GHG) emissions of 6,922,800 tCO₂e and total revenues of USD 10,702 millions. This translates into an emissions intensity of 646.87 tCO₂e per millions USD.a
In 2024, Orient Overseas (International) reported a Scope 1 emissions intensity of 646.87 tCO₂e per millions USD. Compared to the peer group median of 556.38, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Orient Overseas (International) ranked 16 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Orient Overseas (International) is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Orient Overseas (International) reported a total carbon footprint of 14,100,510 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 56.89% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Orient Overseas (International)'s total carbon footprint was Scope 3 emissions, accounting for 50.78% of the company's total carbon footprint, followed by Scope 1 emissions at 49.1%.a