Torm PLC
Torm's GHG Emissions Data Preview
In 2023, Torm 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).
However, Torm has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| 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 | ||||
Unspecified Calculation Method | 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 Torm’s Greenhouse Gas (GHG) Emissions Data
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Insights into Torm's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Torm amounted to 1,559,069 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 Torm increased by 14.34%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Torm's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Torm's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Torm were 1,558,254 metric tons of CO₂ equivalent (tCO₂e). a
Has Torm reduced its Scope 1 emissions over time?
Since 2021, Torm's Scope 1 emissions have increased by 44.15%, reflecting a rising long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2022), Torm's Scope 1 emissions increased by 14.32%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Torm's Scope 2 emissions?
In 2023, Torm reported Scope 2 greenhouse gas (GHG) emissions of 815 tCO₂e without specifying the calculation method. a
Has Torm reduced its Scope 2 emissions over time?
Since 2021, Torm's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 67.7%, reflecting a rising long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2022), Torm's Scope 2 emissions (Unspecified Calculation Method) rose by 81.92% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a
What methodology does Torm use for Scope 2 reporting?
In 2023, Torm reported its Scope 2 emissions using an unspecified methodology. a
Torm's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Torm's Value Chain Emissions
In 2023, Torm reported 923,784 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 Torm includes a breakdown across 0 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
Torm's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Torm's Scope 3 emissions?
In 2023, Torm reported total Scope 3 emissions of 923,784 metric tons of CO₂ equivalent (tCO₂e). a
Has Torm reduced its Scope 3 emissions over time?
Since 2021, Torm's Scope 3 emissions have decreased by 25.41%, reflecting a declining long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2022), Torm's Scope 3 emissions increased by 51.95%, suggesting that the company faced challenges in reducing emissions across its value chain. a
Insights into Torm’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Torm reported Scope 1 greenhouse gas (GHG) emissions of 1,558,254 tCO₂e and total revenues of USD 10,501 millions. This translates into an emissions intensity of 148.39 tCO₂e per millions USD. a
Torm's Scope 1 Emissions Intensity Compared to Peers
How does Torm's GHG emissions intensity compare to its peers?
In 2023, Torm reported a Scope 1 emissions intensity of 148.39 tCO₂e per millions USD. Compared to the peer group median of 768.7, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Torm rank on GHG emissions intensity within its industry?
In 2023, Torm ranked 3 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Torm among the top performers, with one of the lowest emissions intensities relative to peers. a
Insights into Torm's Total Carbon Footprint
In 2023, Torm reported a total carbon footprint of 2,482,853 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 25.94% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Torm's total carbon footprint was Scope 1 emissions, accounting for 62.76% of the company's total carbon footprint, followed by Scope 3 emissions at 37.21%. a