Seatrium Limited

Common Name
Seatrium
Country
Singapore
Sector
Energy
Industry
Oil & Gas Equipment & Services
Employees
23,000
Ticker
5E2
Exchange
SINGAPORE EXCHANGE
Description
Seatrium Ltd. is a prominent maritime engineering and construction company. It primarily functions in the design, construction, and repair of ships, rigs, and marine structures. Seatrium is a key play...

Seatrium's GHG Emissions Data Preview

In 2024, Seatrium 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).

Seatrium has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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0000000
Location-Based
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Total Scope 3
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b
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Seatrium’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 Seatrium’s data sources below and access millions more through our Disclosure Search.

a. Seatrium's Sustainability Report 2024
a. Seatrium's Sustainability Report 2024
b. Seatrium's Sustainability Report 2023
b. Seatrium's Sustainability Report 2023

Insights into Seatrium's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Seatrium amounted to 178,382 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 Seatrium decreased by 1.31%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b

Seatrium's Scope 1 Emissions Over Time

2021202220232024020 k40 k60 k80 ktCO2e-13%+33%+6%
  • Total Scope 1
  • Year-over-Year Change

What are Seatrium's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Seatrium were 76,013 metric tons of CO₂ equivalent (tCO₂e). a

Has Seatrium reduced its Scope 1 emissions over time?

Since 2021, Seatrium's Scope 1 emissions have increased by 22.78%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Seatrium's Scope 1 emissions increased by 6.12%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Seatrium's Scope 2 emissions?

In 2024, Seatrium reported Scope 2 greenhouse gas (GHG) emissions of 100,864 tCO₂e using the market-based method and 102,369 tCO₂e using the location-based method. a

Has Seatrium reduced its Scope 2 emissions over time?

Compared to the previous year (2023), Seatrium's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Seatrium 's emissions have plateaued with no significant change in its energy consumption footprint. a b

What methodology does Seatrium use for Scope 2 reporting?

In 2024, Seatrium reported its Scope 2 emissions using the market-based method and using the location-based method. a

Seatrium's Scope 2 Emissions Over Time

2021202220232024030 k60 k90 k120 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Seatrium's Value Chain Emissions

In 2024, Seatrium reported 657,965 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 Seatrium includes a breakdown across 4 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 chain a

Seatrium's Scope 3 Emissions Over Time

202320240200 k400 k600 k800 ktCO2e+1%
  • Total Scope 3
  • Year-over-Year Change

What are Seatrium's Scope 3 emissions?

In 2024, Seatrium reported total Scope 3 emissions of 657,965 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), Seatrium's Scope 3 emissions remained relatively stable, indicating that Seatrium 's emissions have plateaued with no significant change in its value chain footprint. a b

What categories of Scope 3 emissions does Seatrium disclose?

In 2024, Seatrium reported emissions for 4 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 Seatrium's Scope 3 emissions?

In 2024, the largest contributors to Seatrium's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 501,646 tCO₂e (77.36%)
  • Fuel- and Energy-Related Services (Cat. 3): 97,894 tCO₂e (15.1%)
  • Upstream Transportation and Distribution (Cat. 4): 40,978 tCO₂e (6.32%)

Seatrium's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(77.4%)Fuel- andEnergy-RelatedServices (Cat. 3)(15.1%)UpstreamTransportation andDistribution(Cat. 4)(6.3%)

Insights into Seatrium’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Seatrium reported Scope 1 greenhouse gas (GHG) emissions of 76,013 tCO₂e and total revenues of USD 6,772 millions. This translates into an emissions intensity of 11.23 tCO₂e per millions USD. a

Seatrium's Scope 1 Emissions Intensity Compared to Peers

501,00020,000500,00010,000,000Scope 1 Emissions (tCO2e)1005002,00010,000100,000Revenues (Millions of USD)OVCSValarisYear: 2024Scope 1: 766,180 tCO2eRevenue: $M 2,363Scope 1 Intensity: 324.30 tCO2e/$MSaipemYear: 2024Scope 1: 1,103,000 tCO2eRevenue: $M 15,140Scope 1 Intensity: 72.85 tCO2e/$MSBM OffshoreYear: 2024Scope 1: 169 tCO2eRevenue: $M 4,092Scope 1 Intensity: 0.04 tCO2e/$MOOOffshore Oil EngineeringYear: 2023Scope 1: 312,714 tCO2eRevenue: $M 4,327Scope 1 Intensity: 72.27 tCO2e/$MTidewaterYear: 2023Scope 1: 1,074,336 tCO2eRevenue: $M 1,010Scope 1 Intensity: 1,063.71 tCO2e/$MVVViridienYear: 2024Scope 1: 2,165 tCO2eRevenue: $M 1,040Scope 1 Intensity: 2.08 tCO2e/$MCCCIMC Enric HoldingsYear: 2024Scope 1: 30,605 tCO2eRevenue: $M 3,708Scope 1 Intensity: 8.25 tCO2e/$MOil States InternationalYear: 2024Scope 1: 18,094 tCO2eRevenue: $M 693Scope 1 Intensity: 26.13 tCO2e/$MArchrockYear: 2023Scope 1: 17,663 tCO2eRevenue: $M 990Scope 1 Intensity: 17.84 tCO2e/$MChina Oilfield ServicesYear: 2023Scope 1: 1,182,609 tCO2eRevenue: $M 6,206Scope 1 Intensity: 190.55 tCO2e/$MFugroYear: 2024Scope 1: 210,000 tCO2eRevenue: $M 2,368Scope 1 Intensity: 88.69 tCO2e/$MSubsea 7Year: 2024Scope 1: 748,000 tCO2eRevenue: $M 6,837Scope 1 Intensity: 109.40 tCO2e/$MLiberty EnergyYear: 2023Scope 1: 2,329,847 tCO2eRevenue: $M 4,748Scope 1 Intensity: 490.71 tCO2e/$MWeatherford InternationalYear: 2023Scope 1: 116,153 tCO2eRevenue: $M 5,135Scope 1 Intensity: 22.62 tCO2e/$MBumi ArmadaYear: 2023Scope 1: 1,850 tCO2eRevenue: $M 464Scope 1 Intensity: 3.99 tCO2e/$MGaztransport et TechnigazYear: 2024Scope 1: 323 tCO2eRevenue: $M 667Scope 1 Intensity: 0.48 tCO2e/$MWorleyYear: 2024Scope 1: 23,963 tCO2eRevenue: $M 7,863Scope 1 Intensity: 3.05 tCO2e/$MBaker HughesYear: 2024Scope 1: 386,367 tCO2eRevenue: $M 27,829Scope 1 Intensity: 13.88 tCO2e/$MExmarYear: 2024Scope 1: 4,073 tCO2eRevenue: $M 297Scope 1 Intensity: 13.70 tCO2e/$MAker SolutionsYear: 2024Scope 1: 11,163 tCO2eRevenue: $M 4,622Scope 1 Intensity: 2.42 tCO2e/$MMRC GlobalYear: 2023Scope 1: 13,802 tCO2eRevenue: $M 3,412Scope 1 Intensity: 4.05 tCO2e/$MNovYear: 2024Scope 1: 135,554 tCO2eRevenue: $M 8,870Scope 1 Intensity: 15.28 tCO2e/$MKodiak Gas ServicesYear: 2023Scope 1: 20,951 tCO2eRevenue: $M 850Scope 1 Intensity: 24.64 tCO2e/$MSSSeatriumYear: 2024Scope 1: 76,013 tCO2eRevenue: $M 6,772Scope 1 Intensity: 11.23 tCO2e/$M

How does Seatrium's GHG emissions intensity compare to its peers?

In 2024, Seatrium reported a Scope 1 emissions intensity of 11.23 tCO₂e per millions USD. Compared to the peer group median of 17.84 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Seatrium rank on GHG emissions intensity within its industry?

In 2024, Seatrium ranked 9 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Seatrium is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Seatrium's Total Carbon Footprint

In 2024, Seatrium reported a total carbon footprint of 836,347 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.89% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b

The largest contributor to Seatrium's total carbon footprint was Scope 3 emissions, accounting for 78.67% of the company's total carbon footprint, followed by Scope 2 emissions at 12.24%. a

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