Subsea 7 SA

Common Name
Subsea 7
Country
United Kingdom
Sector
Energy
Industry
Oil & Gas Equipment & Services
Employees
14,876
Ticker
SUBC
Exchange
OSLO BORS
Description
Subsea 7 S.A. is a multinational engineering and construction company specializing in subsea services for the offshore energy industry. With core expertise in subsea engineering, construction, project...

Subsea 7's Climate Target Data Preview

As of 2024, Subsea 7 has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Subsea 7 ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2035

This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Subsea 7's Greenhouse Gas Emissions Pathways

As of 2024, Subsea 7 has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.

Does Subsea 7 have a target to reduce the emissions from its operations?

As of 2024, Subsea 7 has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

Subsea 7's most ambitious operational target is to reduce these emissions by 50% by 2035, compared to a baseline of 649,950 Metric Tonnes of CO2 equivalent (mtCO2e) in 2018.

Instead of reducing operational emissions, Subsea 7 has increased them, with 2024 levels exceeding those of the 2018 baseline, placing the company well behind its reduction target.

Subsea 7's Operational (Scope 1+2) Emissions Pathway

2018202420350200 k400 k600 k800 kBaselineCurrent (+15%)Target 2035 (-50%)
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