In 2024, Transocean 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).
Transocean 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 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 89,209a | 124,514a | N/A | |
Total Scope 2 | ||||
Location-Based | 1,849a | 1,914a | 2,072b | |
Total Scope 3 | 930,109a | 870,079a | 24,215b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 25.3147a | 43.9668a | N/A |
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In 2024, the total operational greenhouse gas (GHG) emissions of Transocean amounted to 91,058 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 Transocean decreased by 27.98%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Transocean were 89,209 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Transocean's Scope 1 emissions have decreased by 92.2%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Transocean's Scope 1 emissions decreased by 28.35%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Transocean reported Scope 2 greenhouse gas (GHG) emissions of 1,849 tCO₂e using the location-based method.a
Compared to the previous year (2023), Transocean's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Transocean's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Transocean reported its Scope 2 emissions using the location-based method.a
In 2024, Transocean reported 930,109 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 Transocean 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
In 2024, Transocean reported total Scope 3 emissions of 930,109 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
Since 2019, Transocean's Scope 3 emissions have increased by 2,721.42%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Transocean's Scope 3 emissions remained relatively stable, indicating that Transocean's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Transocean 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.
In 2024, the largest contributors to Transocean's Scope 3 emissions were:a
In 2024, Transocean reported Scope 1 greenhouse gas (GHG) emissions of 89,209 tCO₂e and total revenues of USD 3,524 millions. This translates into an emissions intensity of 25.31 tCO₂e per millions USD.a
In 2024, Transocean reported a Scope 1 emissions intensity of 25.31 tCO₂e per millions USD. Compared to the peer group median of 19.02, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Transocean ranked 15 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Transocean is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Transocean reported a total carbon footprint of 1,021,167 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.47% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Transocean's total carbon footprint was Scope 3 emissions, accounting for 91.08% of the company's total carbon footprint, followed by Scope 1 emissions at 8.74%.a