TGS ASA

Common Name
TGS
Country
Norway
Sector
Energy
Industry
Oil & Gas Equipment & Services
Employees
1,841
Ticker
TGS
Exchange
OSLO BORS
Description
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's GHG Emissions Data Preview

In 2023, TGS 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).

TGS 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)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind TGS’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 TGS’s data sources below and access millions more through our Disclosure Search.

a. TGS's Sustainability Report 2023
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Insights into TGS's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of TGS amounted to 85,840 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 TGS increased by 696.59%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

TGS's Scope 1 Emissions Over Time

2020202120222023020 k40 k60 k80 ktCO2e0%0%+7510%
  • Total Scope 1
  • Year-over-Year Change

What are TGS's Scope 1 emissions?

In 2023, the total Scope 1 emissions of TGS were 76,102 metric tons of CO₂ equivalent (tCO₂e). a

Has TGS reduced its Scope 1 emissions over time?

Since 2020, TGS's Scope 1 emissions have increased by 7,510.2%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), TGS's Scope 1 emissions increased by 7,510.2%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are TGS's Scope 2 emissions?

In 2023, TGS reported Scope 2 greenhouse gas (GHG) emissions of 9,738 tCO₂e using the location-based method. a

Has TGS reduced its Scope 2 emissions over time?

Since 2020, TGS's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 22.48%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), TGS's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that TGS 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does TGS use for Scope 2 reporting?

In 2023, TGS reported its Scope 2 emissions using the location-based method. a

TGS's Scope 2 Emissions Over Time

202020212022202303.5 k7 k10.5 k14 ktCO2e
  • Total Scope 2 Location-Based

Insights into TGS's Value Chain Emissions

In 2023, TGS reported 290,502 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 TGS 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

TGS's Scope 3 Emissions Over Time

2020202120222023075 k150 k225 k300 ktCO2e-9%-10%+142%
  • Total Scope 3
  • Year-over-Year Change

What are TGS's Scope 3 emissions?

In 2023, TGS reported total Scope 3 emissions of 290,502 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 TGS reduced its Scope 3 emissions over time?

Since 2020, TGS's Scope 3 emissions have increased by 97.25%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), TGS's Scope 3 emissions increased by 142.35%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does TGS disclose?

In 2023, TGS 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 TGS's Scope 3 emissions?

In 2023, the largest contributors to TGS's Scope 3 emissions were: a

  • Upstream Transportation and Distribution (Cat. 4): 290,502 tCO₂e (100%)

TGS's Scope 3 Emissions by Categories

UpstreamTransportation andDistribution(Cat. 4)(100.0%)

Insights into TGS’s GHG Emissions Intensity Compared to Industry Peers

In 2023, TGS reported Scope 1 greenhouse gas (GHG) emissions of 76,102 tCO₂e and total revenues of USD 794 millions. This translates into an emissions intensity of 95.81 tCO₂e per millions USD. a

TGS's Scope 1 Emissions Intensity Compared to Peers

5005,000100,0001,000,00020,000,000Scope 1 Emissions (tCO2e)1005005,00020,000100,000Revenues (Millions of USD)VCSTidewaterYear: 2023Scope 1: 1,074,336 tCO2eRevenue: $M 1,010Scope 1 Intensity: 1,063.71 tCO2e/$MYinson Holdings BerhadYear: 2023Scope 1: 44,116 tCO2eRevenue: $M 2,462Scope 1 Intensity: 17.92 tCO2e/$MDialog GroupYear: 2024Scope 1: 8,722 tCO2eRevenue: $M 668Scope 1 Intensity: 13.05 tCO2e/$MVVViridienYear: 2024Scope 1: 2,165 tCO2eRevenue: $M 1,040Scope 1 Intensity: 2.08 tCO2e/$MCCCIMC Enric HoldingsYear: 2023Scope 1: 31,353 tCO2eRevenue: $M 3,634Scope 1 Intensity: 8.63 tCO2e/$MArchrockYear: 2023Scope 1: 17,663 tCO2eRevenue: $M 990Scope 1 Intensity: 17.84 tCO2e/$MChina Oilfield ServicesYear: 2023Scope 1: 1,182,609 tCO2eRevenue: $M 6,206Scope 1 Intensity: 190.55 tCO2e/$MSubsea 7Year: 2023Scope 1: 656,624 tCO2eRevenue: $M 5,974Scope 1 Intensity: 109.92 tCO2e/$MLiberty EnergyYear: 2023Scope 1: 2,329,847 tCO2eRevenue: $M 4,748Scope 1 Intensity: 490.71 tCO2e/$MWeatherford InternationalYear: 2023Scope 1: 116,153 tCO2eRevenue: $M 5,135Scope 1 Intensity: 22.62 tCO2e/$MBumi ArmadaYear: 2023Scope 1: 1,850 tCO2eRevenue: $M 464Scope 1 Intensity: 3.99 tCO2e/$MWorleyYear: 2023Scope 1: 22,334 tCO2eRevenue: $M 7,546Scope 1 Intensity: 2.96 tCO2e/$MBaker HughesYear: 2023Scope 1: 383,096 tCO2eRevenue: $M 25,506Scope 1 Intensity: 15.02 tCO2e/$MSSSeatriumYear: 2023Scope 1: 74,941 tCO2eRevenue: $M 5,525Scope 1 Intensity: 13.56 tCO2e/$MSBOYear: 2023Scope 1: 4,041 tCO2eRevenue: $M 648Scope 1 Intensity: 6.23 tCO2e/$MNovYear: 2023Scope 1: 135,671 tCO2eRevenue: $M 8,583Scope 1 Intensity: 15.81 tCO2e/$MHalliburtonYear: 2023Scope 1: 3,443,174 tCO2eRevenue: $M 23,018Scope 1 Intensity: 149.59 tCO2e/$MKodiak Gas ServicesYear: 2023Scope 1: 20,951 tCO2eRevenue: $M 850Scope 1 Intensity: 24.64 tCO2e/$MSchlumbergerYear: 2023Scope 1: 1,469,000 tCO2eRevenue: $M 33,135Scope 1 Intensity: 44.33 tCO2e/$MTGSYear: 2023Scope 1: 76,102 tCO2eRevenue: $M 794Scope 1 Intensity: 95.81 tCO2e/$M

How does TGS's GHG emissions intensity compare to its peers?

In 2023, TGS reported a Scope 1 emissions intensity of 95.81 tCO₂e per millions USD. Compared to the peer group median of 17.84, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does TGS rank on GHG emissions intensity within its industry?

In 2023, TGS ranked 15 out of 19 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places TGS among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into TGS's Total Carbon Footprint

In 2023, TGS reported a total carbon footprint of 376,342 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 188.06% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to TGS's total carbon footprint was Scope 3 emissions, accounting for 77.19% of the company's total carbon footprint, followed by Scope 1 emissions at 20.22%. a

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