As of 2024, SBM Offshore has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 intensity-based target, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into SBM Offshore's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Intensity-based Target | Scope 3 - Downstream Leased Assets (Cat. 13) | Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Oil and Gas Produced | -50%a | 2030 |
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As of 2024, SBM Offshore has set greenhouse gas (GHG) emissions reduction targets that cover its value chain emissions (Scope 3), without dedicated targets for its operational emissions. This indicates a focus on upstream and downstream climate impacts rather than internal operations.a
As of 2024, SBM Offshore has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
SBM Offshore's most ambitious value chain target is to reduce these emissions by 50% by 2030, compared to a baseline of 0.202 Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Oil and Gas Produced in 2016.a
As of 2024, SBM Offshore is ahead of schedule on its value chain emissions reduction target, having achieved 83.1% of the planned reduction.a