TGS ASA is a multinational geophysical company specializing in acquiring, processing, and interpreting seismic data for the oil and gas industry. Primarily focused on providing detailed subsurface ima... TGS ASA is a multinational geophysical company specializing in acquiring, processing, and interpreting seismic data for the oil and gas industry. Primarily focused on providing detailed subsurface imaging, TGS serves as a vital resource for energy companies looking to explore and develop hydrocarbon resources. The company's offerings include multi-client geophysical data and associated services, which are critical in reducing exploration risk and cost for its clients. TGS operates extensively across various geographic regions, covering prolific hydrocarbon basins and frontier areas to offer high-quality seismic data sets. Additionally, the company is known for its vast data library, which is one of the largest in the industry, containing 2D and 3D seismic data, as well as geological data products. TGS, with its headquarters in Oslo, Norway, plays a crucial role in the energy sector by enabling more efficient and informed decision-making processes for exploration companies, thereby supporting the global energy supply chain.
In 2024, TGS 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.
TGS has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of TGS are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
Metric (tonnes)
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned A1 Turnover
Portion of total company turnover generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.
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Total Taxonomy Eligible A Turnover
Total turnover of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.
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Total Taxonomy Non-Eligible B Turnover
Total turnover of the company associated with activities that are not listed as eligible under the EU Taxonomy.
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5.12 CCM/CCA - Underground permanent geological storage of CO2
5.12 CCM/CCA - Underground permanent geological storage of CO2
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9.2 CCA - Close to market research, development and innovation
9.2 CCA - Close to market research, development and innovation
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Metric (tonnes)
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned A1 Opex
Portion of total company OPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.
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Total Taxonomy Eligible A Opex
Total OPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.
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Total Taxonomy Non-Eligible B Opex
Total OPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.
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5.12 CCM/CCA - Underground permanent geological storage of CO2
5.12 CCM/CCA - Underground permanent geological storage of CO2
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9.2 CCA - Close to market research, development and innovation
9.2 CCA - Close to market research, development and innovation
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Metric (tonnes)
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned A1 Capex
Portion of total company CAPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.
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Total Taxonomy Eligible A Capex
Total CAPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.
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Total Taxonomy Non-Eligible B Capex
Total CAPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.
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9.2 CCA - Close to market research, development and innovation
9.2 CCA - Close to market research, development and innovation
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Verified Sources Behind TGS’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 TGS’s data sources below and access millions more through our Disclosure Search.
Insights into TGS's Revenues from Sustainable Activities
In 2024, TGS reported EU Taxonomy-eligible revenues of USD 35.05 million, representing 3% of its total turnover. Of this amount, USD 35.05 million of TGS's revenues was classified as EU Taxonomy-aligned, indicating that 3% 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
TGS's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have TGS's revenues become more sustainable over time?
Compared to the previous year (2023), TGS's taxonomy-aligned revenues increased by 50%,highlighting TGS's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.a, b
How much of TGS's revenue is eligible under the EU Taxonomy?
In 2024, TGS reported that USD 35.05 million of its revenue was eligible under the EU Taxonomy, representing 3% of the company's total turnover. Of this amount, USD 35.05 million (3% of total revenue) was classified as Taxonomy-aligned. This means that 0% of TGS'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 TGS's eligible revenue is aligned with the EU Taxonomy?
In 2024, TGS reported that USD 35.05 million of its revenue was aligned under the EU Taxonomy, representing 3% 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.
TGS's Eligibility & Alignment Overview
TGS's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is TGS's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, TGS reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0%
Climate Change Adaptation: 2%
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 TGS earn from selling climate-related solutions ?
In 2024, TGS reported that USD 26.36 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 2% of the company's total revenue,indicating that TGShas limited exposureon solutions that support climate action through its commercial activities.a
Insights into TGS's CAPEX from Sustainable Activities
In 2024, TGS reported EU Taxonomy-eligible CAPEX of USD 7.11 million,representing 1% of its total CAPEX. Of this amount, USD 7.11 million of TGS's CAPEX was classified as EU Taxonomy-aligned, indicating that 1% 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
TGS's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have TGS's increased its investment in sustainable activities over time?
Compared to the previous year (2023), TGS's taxonomy-aligned CAPEX decreased by 50%,suggesting that TGS may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.a, b
How much of TGS's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, TGS reported that USD 7.11 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 1% of the company's total CAPEX. Of this amount, USD 7.11 million (1% of total CAPEX) was classified as Taxonomy-aligned. This means that 0% of TGS's CAPEX is eligible but not aligned, indicating that these investments 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 TGS's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, TGS reported that USD 7.11 million of its CAPEX was aligned under the EU Taxonomy, representing 1% of its total capital investment.a
This low alignment reflects that TGS is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
TGS's Eligibility & Alignment Overview
TGS's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is TGS's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, TGS reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0%
Climate Change Adaptation: 1%
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 TGS is investing in climate-related solutions?
In 2024, TGS allocated USD 20.03 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 1% of the company's total capital expenditure,indicating that TGShas only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.a
Insights into TGS's OPEX from Sustainable Activities
In 2024, TGS reported EU Taxonomy-eligible OPEX of USD 1,000,representing 1% of its total operating expenses (OPEX). Of this amount, USD 1,000 of TGS's OPEX was classified as EU Taxonomy-aligned, indicating that 1% 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
TGS's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have TGS's increased its spending in sustainable activities over time?
Compared to the previous year (2023), TGS's taxonomy-aligned OPEX decreased by 50%, suggesting that TGS may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.a, b
How much of TGS's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, TGS reported that USD 1,000 of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 1% of the company's total OPEX. Of this amount, USD 1,000 (1% of total OPEX) was classified as Taxonomy-aligned. This means that 0% of TGS'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 TGS's eligible OPEX is aligned with the EU Taxonomy?
In 2024, TGS reported that USD 1,000 of its OPEX was aligned under the EU Taxonomy, representing 1% 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.
TGS's Eligibility & Alignment Overview
TGS's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is TGS's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, TGS reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0%
Climate Change Adaptation: 1%
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 TGS's operational budget supports climate-related solutions?
In 2024, TGS allocated USD 1.94 billion of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 1% of the company's total OPEX,indicating that TGShas 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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