Subsea 7 SA
Subsea 7's GHG Emissions Data Preview
In 2024, 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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy/Paste is a PRO feature.  b | Copy/Paste is a PRO feature.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  | 0000000 |
Location-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  b | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  b | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature.  b | Copy/Paste is a PRO feature.  b | 0000000 |
Verified Sources Behind Subsea 7’s Greenhouse Gas (GHG) Emissions 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 Subsea 7’s data sources below and access millions more through our Disclosure Search.
Insights into Subsea 7's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Subsea 7 amounted to 752,440 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 Subsea 7 increased by 14.19%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
Subsea 7's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Subsea 7's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Subsea 7 were 748,000 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 increased by 13.68%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Subsea 7's Scope 1 emissions increased by 13.92%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
What are Subsea 7's Scope 2 emissions?
In 2024, Subsea 7 reported Scope 2 greenhouse gas (GHG) emissions of 1,480 tCO₂e using the market-based method and 4,440 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 increased by 104.8%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Subsea 7's Scope 2 emissions (Location-Based) rose by 91.63% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
What methodology does Subsea 7 use for Scope 2 reporting?
In 2024, Subsea 7 reported its Scope 2 emissions using the market-based method and using the location-based method.a
Subsea 7's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Subsea 7's Value Chain Emissions
In 2024, Subsea 7 reported 56,000 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 Subsea 7 includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, 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 2024, Subsea 7 reported total Scope 3 emissions of 56,000 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 90.03%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Subsea 7's Scope 3 emissions increased by 13.01%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
What categories of Scope 3 emissions does Subsea 7 disclose?
In 2024, 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 2024, the largest contributors to Subsea 7's Scope 3 emissions were:a
- Business Travel (Cat. 6): 56,000 tCO₂e (100%)
Subsea 7's Scope 3 Emissions by Categories
Insights into Subsea 7’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Subsea 7 reported Scope 1 greenhouse gas (GHG) emissions of 748,000 tCO₂e and total revenues of USD 6,837 millions. This translates into an emissions intensity of 109.4 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 2024, Subsea 7 reported a Scope 1 emissions intensity of 109.4 tCO₂e per millions USD. Compared to the peer group median of 21.58, 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 2024, Subsea 7 ranked 19 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Subsea 7 among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into Subsea 7's Total Carbon Footprint
In 2024, Subsea 7 reported a total carbon footprint of 808,440 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 14.11% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Subsea 7's total carbon footprint was Scope 1 emissions, accounting for 92.52% of the company's total carbon footprint, followed by Scope 3 emissions at 6.93%.a