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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 76,013a | 71,631a | 53,902a | |
Total Scope 2 | ||||
Market-Based | 100,864a | 107,714a | 62,453a | |
Location-Based | 102,369a | 109,117b | N/A | |
Total Scope 3 | 657,965a | 648,257b | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 11.2253a | 12.9645a | 37.0822a |
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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.ab
In 2024, the total Scope 1 emissions of Seatrium were 76,013 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Seatrium's Scope 1 emissions have increased by 22.78%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
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
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
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.ab
In 2024, Seatrium reported its Scope 2 emissions using the market-based method and using the location-based method.a
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 chaina
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.ab
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.
In 2024, the largest contributors to Seatrium's Scope 3 emissions were:a
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
In 2024, Seatrium reported a Scope 1 emissions intensity of 11.23 tCO₂e per millions USD. Compared to the peer group median of 18.95, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Seatrium ranked 6 out of 24 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
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.ab
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