Torm PLC
Torm's Climate Target Data Preview
As of 2024, Torm has disclosed 5 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 3 absolute reduction targets and 2 intensity-based target targets, 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 Torm ’s climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Absolute-based Target | Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Absolute-based Target | Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Intensity-based Target | Scope 1 - Mobile Combustion | Metric Tonnes of CO2 equivalent (mtCO2e) per Deadweight Tonnage Nautical Miles | Copy restricted. Please purchase to unlock this data.  a | 2025 |
Intensity-based Target | Scope 1 - Mobile Combustion | Metric Tonnes of CO2 equivalent (mtCO2e) per Deadweight Tonnage Nautical Miles | Copy restricted. Please purchase to unlock this data.  a | 2030 |
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Insights into Torm's Greenhouse Gas Emissions Pathways
As of 2024, Torm has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a
Does Torm have a target to reduce the emissions from its operations?
As of 2024, Torm has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a
Torm's most ambitious operational target is to reduce these emissions by 45% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Deadweight Tonnage Nautical Miles in 2008. a
As of 2024, Torm is ahead of schedule on its operational emissions reduction target, having achieved 88.89% of the planned reduction. a
Torm's Operational (Scope 1+2) Emissions Pathway
Does Torm have a target to reduce the emissions from its value chain?
As of 2024, Torm has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a
Torm's most ambitious value chain target is to reduce these emissions by 3.11% by 2030, compared to a baseline of 1,238,479 Metric Tonnes of CO2 equivalent (mtCO2e) in 2021. a
Instead of reducing value chain emissions, Torm has increased them, with 2024 levels exceeding those of the 2021 baseline, placing the company well behind its reduction target. a