Solstad Offshore ASA is a prominent Norwegian shipping company specializing in offshore service vessels. Its primary function is to provide maritime services to both the petroleum and renewable energy... Solstad Offshore ASA is a prominent Norwegian shipping company specializing in offshore service vessels. Its primary function is to provide maritime services to both the petroleum and renewable energy industries. The company operates a diverse fleet, including construction service vessels and anchor handling tug support vessels. Solstad Offshore ASA is deeply involved in various sectors, such as subsea support operations, renewable energy services, and oil and gas activities. With operations spanning the North Sea, Brazil, Southeast Asia, Australia, and Africa, the company plays a significant role in the global energy markets. Its commitment to environmental sustainability, through initiatives like the Solstad Green Operations program, further underscores its impact in reducing ecological footprints while serving the offshore energy sector.
In 2024, Solstad Offshore was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Solstad Offshore has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Solstad Offshore are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
Metric (tonnes)
2024
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2022
2021 - 2017
Total Taxonomy Aligned A1 Turnover
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Total Taxonomy Eligible A Turnover
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Total Taxonomy Non-Eligible B Turnover
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4.3 CCM/CCA - Electricity generation from wind power
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b
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4.9 CCM/CCA - Transmission and distribution of electricity
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5.5 CCM/CCA - Collection and transport of non-hazardous waste in source segregated fractions
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Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Opex
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c
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Total Taxonomy Eligible A Opex
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c
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Total Taxonomy Non-Eligible B Opex
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c
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4.3 CCM/CCA - Electricity generation from wind power
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b
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4.9 CCM/CCA - Transmission and distribution of electricity
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b
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5.5 CCM/CCA - Collection and transport of non-hazardous waste in source segregated fractions
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Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Capex
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Total Taxonomy Eligible A Capex
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c
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Total Taxonomy Non-Eligible B Capex
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c
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4.3 CCM/CCA - Electricity generation from wind power
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b
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0000000
4.9 CCM/CCA - Transmission and distribution of electricity
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b
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5.5 CCM/CCA - Collection and transport of non-hazardous waste in source segregated fractions
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b
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Limited Data Preview
You are viewing a limited preview of Solstad Offshore’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories (A1, A2, A, B, and A+B), at both aggregate and activity level, with historical coverage back to 2021.
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Verified Sources Behind Solstad Offshore’s EU Taxonomy 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 Solstad Offshore’s data sources below and access millions more through our Disclosure Search.
a. Solstad Offshore's Annual Report 2024
b. Solstad Offshore's Sustainability Report 2023
c. Solstad Offshore's ESG Report 2022
Insights into Solstad Offshore's Revenues from Sustainable Activities
In 2024, Solstad Offshore reported EU Taxonomy-eligible revenues of NOK 327.91 million, representing 11.75% of its total turnover. Of this amount, NOK 253.19 million of Solstad Offshore's revenues was classified as EU Taxonomy-aligned, indicating that 9.07% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Solstad Offshore's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Solstad Offshore's revenues become more sustainable over time?
Since 2021, Solstad Offshore's taxonomy-aligned revenues increased by 65.51%,reflecting a sustained upward trend in environmentally sustainable revenue generation.a, c
Compared to the previous year (2023), Solstad Offshore's taxonomy-aligned revenues decreased by 58.94%, suggesting that Solstad Offshore may have deprioritized sustainable activities, shifted focus away from green offerings, or reduced transparency in its EU Taxonomy reporting.a, b
How much of Solstad Offshore's revenue is eligible under the EU Taxonomy?
In 2024, Solstad Offshore reported that NOK 327.91 million of its revenue was eligible under the EU Taxonomy, representing 11.75% of the company's total turnover. Of this amount, NOK 253.19 million (9.07% of total revenue) was classified as Taxonomy-aligned. This means that 2.68% of Solstad Offshore's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.a
How much of Solstad Offshore's eligible revenue is aligned with the EU Taxonomy?
In 2024, Solstad Offshore reported that NOK 253.19 million of its revenue was aligned under the EU Taxonomy, representing 9.07% of its total turnover.a
This low alignment highlights either a limited focus on green activities or early-stage adoption of sustainability frameworks, underscoring opportunities for further alignment with EU climate objectives.
Solstad Offshore's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Solstad Offshore's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Solstad Offshore reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 9.07%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Solstad Offshore earn from selling climate-related solutions ?
In 2024, Solstad Offshore reported that NOK 253.12 million of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 9.07% of the company's total revenue,indicating that Solstad Offshorehas limited exposureon solutions that support climate action through its commercial activities.a
Insights into Solstad Offshore's CAPEX from Sustainable Activities
In 2024, Solstad Offshore reported EU Taxonomy-eligible CAPEX of NOK 0,representing 0% of its total CAPEX. Of this amount, NOK 0 of Solstad Offshore's CAPEX was classified as EU Taxonomy-aligned, indicating that 0% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Solstad Offshore's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have Solstad Offshore's increased its investment in sustainable activities over time?
Since 2021, Solstad Offshore's taxonomy-aligned capital expenditure (CAPEX)decreased by 100%,indicating a long-term decline in green capital deployment, potentially signaling shifting priorities or reduced focus on sustainability-linked investments.a, c
Compared to the previous year (2023), Solstad Offshore's taxonomy-aligned CAPEX decreased by 100%,suggesting that Solstad Offshore may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.a, b
Insights into Solstad Offshore's OPEX from Sustainable Activities
In 2024, Solstad Offshore reported EU Taxonomy-eligible OPEX of NOK 14.20 million,representing 7.69% of its total operating expenses (OPEX). Of this amount, NOK 9.72 million of Solstad Offshore's OPEX was classified as EU Taxonomy-aligned, indicating that 5.26% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Solstad Offshore's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have Solstad Offshore's increased its spending in sustainable activities over time?
Since 2021, Solstad Offshore's taxonomy-aligned operating expenditure (OPEX)increased by 9.81%,pointing to a long-term trend of increased spending on environmentally sustainable operations and services recognized under the EU Taxonomy.a, c
Compared to the previous year (2023), Solstad Offshore's taxonomy-aligned OPEX increased by 205.81%,highlighting Solstad Offshore's growing commitment to funding sustainable operations or improving how such expenses are classified and reported under the EU Taxonomy.a, b
How much of Solstad Offshore's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Solstad Offshore reported that NOK 14.20 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 7.69% of the company's total OPEX. Of this amount, NOK 9.72 million (5.26% of total OPEX) was classified as Taxonomy-aligned. This means that 2.43% of Solstad Offshore's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Solstad Offshore's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Solstad Offshore reported that NOK 9.72 million of its OPEX was aligned under the EU Taxonomy, representing 5.26% of its total operational expenditure.a
This low alignment reflects limited operational focus on green activities, suggesting that sustainability considerations have yet to be fully integrated into core operating processes.
Solstad Offshore's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Solstad Offshore's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Solstad Offshore reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 5.26%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much of Solstad Offshore's operational budget supports climate-related solutions?
In 2024, Solstad Offshore allocated NOK 9.72 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 5.26% of the company's total OPEX,indicating that Solstad Offshorehas only a limited share of operational expenditure aligned with climate goals, signaling early-stage or minimal integration of climate objectives into its routine activities.a
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