Reach Subsea ASA
Reach Subsea's GHG Emissions Data Preview
In 2024, Reach Subsea 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).
Reach Subsea 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/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.  | 0000000 | Copy/Paste is a PRO feature. | 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 |
Verified Sources Behind Reach Subsea’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 Reach Subsea’s data sources below and access millions more through our Disclosure Search.
Insights into Reach Subsea's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Reach Subsea amounted to 46,783.58 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Reach Subsea decreased by 21.68%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Reach Subsea's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Reach Subsea's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Reach Subsea were 46,768 metric tons of CO₂ equivalent (tCO₂e).a
Has Reach Subsea reduced its Scope 1 emissions over time?
Since 2021, Reach Subsea's Scope 1 emissions have increased by 58.37%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Reach Subsea's Scope 1 emissions decreased by 21.68%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Reach Subsea's Scope 2 emissions?
In 2024, Reach Subsea reported Scope 2 greenhouse gas (GHG) emissions of 15.58 tCO₂e using the market-based method.a
Has Reach Subsea reduced its Scope 2 emissions over time?
Since 2021, Reach Subsea's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have increased by 886.08%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Reach Subsea's Scope 2 emissions (Market-Based) have remained relatively stable, indicating that Reach Subsea's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Reach Subsea use for Scope 2 reporting?
In 2024, Reach Subsea reported its Scope 2 emissions using the market-based method.a
Reach Subsea's Scope 2 Emissions Over Time
- Total Scope 2 Market-Based
Insights into Reach Subsea's Value Chain Emissions
In 2024, Reach Subsea reported 811 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 Reach Subsea includes a breakdown across 1 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
Reach Subsea's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Reach Subsea's Scope 3 emissions?
In 2024, Reach Subsea reported total Scope 3 emissions of 811 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
Compared to the previous year (2023), Reach Subsea's Scope 3 emissions increased by 23.63%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does Reach Subsea disclose?
In 2024, Reach Subsea 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 Reach Subsea's Scope 3 emissions?
In 2024, the largest contributors to Reach Subsea's Scope 3 emissions were:a
- Business Travel (Cat. 6): 811 tCO₂e (100%)
Reach Subsea's Scope 3 Emissions by Categories
Insights into Reach Subsea’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Reach Subsea reported Scope 1 greenhouse gas (GHG) emissions of 46,768 tCO₂e and total revenues of USD 240 millions. This translates into an emissions intensity of 195.17 tCO₂e per millions USD.a
Reach Subsea's Scope 1 Emissions Intensity Compared to Peers
How does Reach Subsea's GHG emissions intensity compare to its peers?
In 2024, Reach Subsea reported a Scope 1 emissions intensity of 195.17 tCO₂e per millions USD. Compared to the peer group median of 15.28, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Reach Subsea rank on GHG emissions intensity within its industry?
In 2024, Reach Subsea ranked 25 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Reach Subsea among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into Reach Subsea's Total Carbon Footprint
In 2024, Reach Subsea reported a total carbon footprint of 47,594.58 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 21.19% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Reach Subsea's total carbon footprint was Scope 1 emissions, accounting for 98.26% of the company's total carbon footprint, followed by Scope 3 emissions at 1.7%.a