In 2025, Solstad 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).
Solstad Offshore has also provided a category-level breakdown for 15 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2025 | 2024 |
|---|---|---|
Total Scope 1 | 156,564a | 159,103a |
Total Scope 2 | ||
Market-Based | 11a | 12a |
Location-Based | 13a | 12a |
Total Scope 3 | 185,299a | 185,213a |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 539.2251a | 607.3028a |
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In 2025, the total operational greenhouse gas (GHG) emissions of Solstad Offshore amounted to 156,577 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 2024, the total operational greenhouse gas (GHG) emissions of Solstad Offshore decreased by 1.6%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2025, the total Scope 1 emissions of Solstad Offshore were 156,564 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2024), Solstad Offshore's Scope 1 emissions decreased by 1.6%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2025, Solstad Offshore reported Scope 2 greenhouse gas (GHG) emissions of 11 tCO₂e using the market-based method and 13 tCO₂e using the location-based method.a
Compared to the previous year (2024), Solstad Offshore's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Solstad Offshore's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2025, Solstad Offshore reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2025, Solstad Offshore reported 185,299 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 2025 disclosure of Solstad Offshore includes a breakdown across 15 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2025, Solstad Offshore reported total Scope 3 emissions of 185,299 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 29.74% of these emissions originated from upstream activities such as purchased goods and capital goods, while 70.26% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2024), Solstad Offshore's Scope 3 emissions remained relatively stable, indicating that Solstad Offshore's emissions have plateaued with no significant change in its value chain footprint.a
In 2025, Solstad Offshore reported emissions for 15 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2025, the largest contributors to Solstad Offshore's Scope 3 emissions were:a
In 2025, Solstad Offshore reported Scope 1 greenhouse gas (GHG) emissions of 156,564 tCO₂e and total revenues of USD 290 millions. This translates into an emissions intensity of 539.23 tCO₂e per millions USD.a
In 2025, Solstad Offshore reported a Scope 1 emissions intensity of 539.23 tCO₂e per millions USD. Compared to the peer group median of 685.46, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2025, Solstad Offshore ranked 10 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Solstad Offshore is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2025, Solstad Offshore reported a total carbon footprint of 341,876 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.71% decrease compared to 2024, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Solstad Offshore's total carbon footprint was Scope 3 emissions, accounting for 54.2% of the company's total carbon footprint, followed by Scope 1 emissions at 45.8%.a