Subsea 7 SA
Subsea 7's GHG Emissions Data Preview
In 2023, Subsea 7 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).
Subsea 7 has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind Subsea 7’s Greenhouse Gas (GHG) Emissions Data
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Insights into Subsea 7's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Subsea 7 amounted to 658,941 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 2022, the total operational greenhouse gas (GHG) emissions of Subsea 7 increased by 6.43%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Subsea 7's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Subsea 7's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Subsea 7 were 656,624 metric tons of CO₂ equivalent (tCO₂e). a
Has Subsea 7 reduced its Scope 1 emissions over time?
Since 2021, Subsea 7's Scope 1 emissions have remained relatively, stable, indicating that Subsea 7's emissions have plateaued with no significant change in its operational footprint. a
Compared to the previous year (2022), Subsea 7's Scope 1 emissions increased by 6.37%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Subsea 7's Scope 2 emissions?
In 2023, Subsea 7 reported Scope 2 greenhouse gas (GHG) emissions of 2,317 tCO₂e using the location-based method. a
Has Subsea 7 reduced its Scope 2 emissions over time?
Since 2021, Subsea 7's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Subsea 7 's emissions have plateaued with no significant change in its energy consumption footprint. a
Compared to the previous year (2022), Subsea 7's Scope 2 emissions (Location-Based) rose by 29.15% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a
What methodology does Subsea 7 use for Scope 2 reporting?
In 2023, Subsea 7 reported its Scope 2 emissions using the location-based method. a
Subsea 7's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
Insights into Subsea 7's Value Chain Emissions
In 2023, Subsea 7 reported 49,552 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 2023 disclosure of Subsea 7 includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Subsea 7's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Subsea 7's Scope 3 emissions?
In 2023, Subsea 7 reported total Scope 3 emissions of 49,552 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
Has Subsea 7 reduced its Scope 3 emissions over time?
Since 2021, Subsea 7's Scope 3 emissions have increased by 68.15%, reflecting a rising long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2022), Subsea 7's Scope 3 emissions remained relatively stable, indicating that Subsea 7 's emissions have plateaued with no significant change in its value chain footprint. a
What categories of Scope 3 emissions does Subsea 7 disclose?
In 2023, Subsea 7 reported emissions for 1 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 Subsea 7's Scope 3 emissions?
In 2023, the largest contributors to Subsea 7's Scope 3 emissions were: a
- Business Travel (Cat. 6): 49,552 tCO₂e (100%)
Subsea 7's Scope 3 Emissions by Categories
Insights into Subsea 7’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Subsea 7 reported Scope 1 greenhouse gas (GHG) emissions of 656,624 tCO₂e and total revenues of USD 5,974 millions. This translates into an emissions intensity of 109.92 tCO₂e per millions USD. a
Subsea 7's Scope 1 Emissions Intensity Compared to Peers
How does Subsea 7's GHG emissions intensity compare to its peers?
In 2023, Subsea 7 reported a Scope 1 emissions intensity of 109.92 tCO₂e per millions USD. Compared to the peer group median of 44.33, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Subsea 7 rank on GHG emissions intensity within its industry?
In 2023, Subsea 7 ranked 14 out of 19 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Subsea 7 is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Subsea 7's Total Carbon Footprint
In 2023, Subsea 7 reported a total carbon footprint of 708,493 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.22% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Subsea 7's total carbon footprint was Scope 1 emissions, accounting for 92.68% of the company's total carbon footprint, followed by Scope 3 emissions at 6.99%. a