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SBM Offshore NV
SBM Offshore's GHG Emissions Data Preview
In 2024, SBM Offshore 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).
SBM Offshore has also provided a category-level breakdown for 3 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 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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bVerified Sources Behind SBM Offshore’s Greenhouse Gas (GHG) Emissions Data
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Insights into SBM Offshore's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofSBM Offshore amounted to2,230metric 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 SBM Offshoredecreased by 3.04%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
SBM Offshore's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are SBM Offshore's Scope 1 emissions?
In 2024, the total Scope 1 emissions of SBM Offshore were 169 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has SBM Offshore reduced its Scope 1 emissions over time?
Since 2021, SBM Offshore's Scope 1 emissions have decreased by 28.69%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year(2023), SBM Offshore's Scope 1 emissions decreased by 65.44%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are SBM Offshore's Scope 2 emissions?
In 2024, SBM Offshore reported Scope 2 greenhouse gas (GHG) emissions of 839 tCOâ‚‚e using the market-based method and 2,061 tCOâ‚‚e using the location-based method.a
Has SBM Offshore reduced its Scope 2 emissions over time?
Since 2021, SBM Offshore's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have remained relatively stable, indicating that SBM Offshore's emissions have plateaued with no significant change in its energy consumption footprint.ac
Compared to the previous year(2023), SBM Offshore's Scope 2 emissions(Location-Based) rose by 13.8% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
What methodology does SBM Offshore use for Scope 2 reporting?
In 2024, SBM Offshore reported its Scope 2 emissions using the market-based method and using the location-based method.a
SBM Offshore's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into SBM Offshore's Value Chain Emissions
In 2024, SBM Offshore reported 7,174,754 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of SBM Offshore includes a breakdown across 3of 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
SBM Offshore's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are SBM Offshore's Scope 3 emissions?
In 2024, SBM Offshore reported total Scope 3 emissions of 7,174,754 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 4.22%of these emissions originated from upstream activities such as purchased goods and capital goods, while 95.78%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has SBM Offshore reduced its Scope 3 emissions over time?
Since 2021, SBM Offshore's Scope 3 emissionshave increased by 27.48%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), SBM Offshore's Scope 3 emissions increased by 21.07%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does SBM Offshore disclose?
In 2024, SBM Offshore reported emissions for 3 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 SBM Offshore's Scope 3 emissions?
In 2024, the largest contributors to SBM Offshore's Scope 3 emissions were:a
- Downstream Leased Assets (Cat. 13): 6,872,061 tCOâ‚‚e(95.78%)
- Purchased Goods and Services (Cat. 1): 268,292 tCOâ‚‚e(3.74%)
- Business Travel (Cat. 6): 34,401 tCOâ‚‚e(0.48%)
SBM Offshore's Scope 3 Emissions by Categories
Insights into SBM Offshore’s GHG Emissions Intensity Compared to Industry Peers
In 2024, SBM Offshore reported Scope 1 greenhouse gas (GHG) emissions of 169 tCOâ‚‚e and total revenues of USD 4,092 millions. This translates into an emissions intensity of 0.04 tCOâ‚‚e per millions USD.a
SBM Offshore's Scope 1 Emissions Intensity Compared to Peers
How does SBM Offshore's GHG emissions intensity compare to its peers?
In 2024, SBM Offshore reported a Scope 1 emissions intensity of 0.04 tCOâ‚‚e per millions USD. Compared to the peer group median of 15.28, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does SBM Offshore rank on GHG emissions intensity within its industry?
In 2024, SBM Offshore ranked 1 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places SBM Offshore among the top performers, with one of the lowest emissions intensities relative to peers.a
Insights into SBM Offshore's Total Carbon Footprint
In 2024, SBM Offshore reported a total carbon footprint of 7,176,984 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 21.06% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to SBM Offshore's total carbon footprint was Scope 3 emissions, accounting for 99.97% of the company's total carbon footprint, followed by Scope 2 emissions at 0.03%.a