Viking Line Abp

Country
Finland
Sector
Industrials
Industry
Marine Shipping
Employees
2,485
Ticker
VIK1V
Exchange
NASDAQ HELSINKI LTD
Description
Viking Line Abp is a Finnish shipping company specializing in passenger and cargo ship services in the Northern Baltic Sea. Established in 1959, Viking Line has become a vital player in regional marit...

Viking Line Abp's GHG Emissions Data Preview

In 2024, Viking Line Abp 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).

Viking Line Abp has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Viking Line Abp’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 Viking Line Abp’s data sources below and access millions more through our Disclosure Search.

a. Viking Line Abp's Annual Report 2024
a. Viking Line Abp's Annual Report 2024
b. Viking Line Abp's Sustainability Report 2023
b. Viking Line Abp's Sustainability Report 2023

Insights into Viking Line Abp's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Viking Line Abp amounted to 254,108 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 Viking Line Abp increased by 24.19%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b

Viking Line Abp's Scope 1 Emissions Over Time

2021202220232024070 k140 k210 k280 ktCO2e+24%-24%+23%
  • Total Scope 1
  • Year-over-Year Change

What are Viking Line Abp's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Viking Line Abp were 252,448 metric tons of CO₂ equivalent (tCO₂e). a

Has Viking Line Abp reduced its Scope 1 emissions over time?

Since 2021, Viking Line Abp's Scope 1 emissions have increased by 16.11%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Viking Line Abp's Scope 1 emissions increased by 23.37%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b

What are Viking Line Abp's Scope 2 emissions?

In 2024, Viking Line Abp reported Scope 2 greenhouse gas (GHG) emissions of 1,678 tCO₂e using the market-based method and 1,660 tCO₂e using the location-based method. a

What methodology does Viking Line Abp use for Scope 2 reporting?

In 2024, Viking Line Abp reported its Scope 2 emissions using the market-based method and using the location-based method. a

Viking Line Abp's Scope 2 Emissions Over Time

202404509001.35 k1.8 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Viking Line Abp's Value Chain Emissions

In 2024, Viking Line Abp reported 181,173 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 Viking Line Abp includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Viking Line Abp's Scope 3 Emissions Over Time

2024050 k100 k150 k200 ktCO2e
  • Total Scope 3
  • Year-over-Year Change

What are Viking Line Abp's Scope 3 emissions?

In 2024, Viking Line Abp reported total Scope 3 emissions of 181,173 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 78.99% of these emissions originated from upstream activities such as purchased goods and capital goods, while 21.01% came from downstream activities like product use, distribution, and end-of-life treatment. a

What categories of Scope 3 emissions does Viking Line Abp disclose?

In 2024, Viking Line Abp reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Viking Line Abp's Scope 3 emissions?

In 2024, the largest contributors to Viking Line Abp's Scope 3 emissions were: a

  • Fuel- and Energy-Related Services (Cat. 3): 71,222 tCO₂e (39.31%)
  • Purchased Goods and Services (Cat. 1): 62,089 tCO₂e (34.27%)
  • Investments (Cat. 15): 37,714 tCO₂e (20.82%)

Viking Line Abp's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(34.3%)Fuel- andEnergy-RelatedServices (Cat. 3)(39.3%)Investments(Cat. 15)(20.8%)

Insights into Viking Line Abp’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Viking Line Abp reported Scope 1 greenhouse gas (GHG) emissions of 252,448 tCO₂e and total revenues of USD 500 millions. This translates into an emissions intensity of 504.99 tCO₂e per millions USD. a

Viking Line Abp's Scope 1 Emissions Intensity Compared to Peers

50010,000200,0005,000,000100,000,000Scope 1 Emissions (tCO2e)202001,00010,000100,000Revenues (Millions of USD)HQCYU-Ming Marine TransportYear: 2023Scope 1: 490,629 tCO2eRevenue: $M 469Scope 1 Intensity: 1,046.99 tCO2e/$MSincere NavigationYear: 2023Scope 1: 287,919 tCO2eRevenue: $M 138Scope 1 Intensity: 2,088.12 tCO2e/$MHutchison Port Holdings TrustYear: 2023Scope 1: 252,151 tCO2eRevenue: $M 169Scope 1 Intensity: 1,494.08 tCO2e/$MSociedad Matriz SAAMYear: 2023Scope 1: 176,556 tCO2eRevenue: $M 540Scope 1 Intensity: 326.90 tCO2e/$MHafniaYear: 2024Scope 1: 2,200,393 tCO2eRevenue: $M 29,201Scope 1 Intensity: 75.35 tCO2e/$MZIMYear: 2024Scope 1: 6,518,780 tCO2eRevenue: $M 8,427Scope 1 Intensity: 773.52 tCO2e/$MBahriYear: 2023Scope 1: 2,794 tCO2eRevenue: $M 2,341Scope 1 Intensity: 1.19 tCO2e/$MPan OceanYear: 2023Scope 1: 2,678,713 tCO2eRevenue: $M 3,413Scope 1 Intensity: 784.91 tCO2e/$MHHHD Hyundai MipoYear: 2024Scope 1: 57,110 tCO2eRevenue: $M 3,155Scope 1 Intensity: 18.10 tCO2e/$MDanaosYear: 2023Scope 1: 3,119,979 tCO2eRevenue: $M 974Scope 1 Intensity: 3,204.64 tCO2e/$MQQQingdao Port InternationalYear: 2024Scope 1: 134,823 tCO2eRevenue: $M 2,595Scope 1 Intensity: 51.95 tCO2e/$MCCChina Merchants Port HoldingsYear: 2024Scope 1: 63,676 tCO2eRevenue: $M 1,525Scope 1 Intensity: 41.76 tCO2e/$MHavila ShippingYear: 2024Scope 1: 55,690 tCO2eRevenue: $M 49Scope 1 Intensity: 1,145.00 tCO2e/$MWestports HoldingsYear: 2024Scope 1: 134,181 tCO2eRevenue: $M 524Scope 1 Intensity: 255.95 tCO2e/$MBW LPGYear: 2023Scope 1: 1,413,980 tCO2eRevenue: $M 2,947Scope 1 Intensity: 479.75 tCO2e/$MWisdom Marine LinesYear: 2023Scope 1: 27,638 tCO2eRevenue: $M 546Scope 1 Intensity: 50.66 tCO2e/$MYYYang Ming Marine TransportYear: 2023Scope 1: 4,214,595 tCO2eRevenue: $M 4,584Scope 1 Intensity: 919.41 tCO2e/$MTallink GruppYear: 2024Scope 1: 422,115 tCO2eRevenue: $M 818Scope 1 Intensity: 516.20 tCO2e/$MLog-in Logistica IntermodalYear: 2022Scope 1: 142,985 tCO2eRevenue: $M 391Scope 1 Intensity: 365.55 tCO2e/$MKawasaki Kisen KaishaYear: 2023Scope 1: 6,550,995 tCO2eRevenue: $M 7,077Scope 1 Intensity: 925.73 tCO2e/$MTranscoal PacificYear: 2023Scope 1: 2,323,331 tCO2eRevenue: $M 118Scope 1 Intensity: 19,630.64 tCO2e/$MCOSCO Shipping HoldingsYear: 2024Scope 1: 21,964,626 tCO2eRevenue: $M 32,044Scope 1 Intensity: 685.46 tCO2e/$MViking Line AbpYear: 2024Scope 1: 252,448 tCO2eRevenue: $M 500Scope 1 Intensity: 504.99 tCO2e/$M

How does Viking Line Abp's GHG emissions intensity compare to its peers?

In 2024, Viking Line Abp reported a Scope 1 emissions intensity of 504.99 tCO₂e per millions USD. Compared to the peer group median of 600.83 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Viking Line Abp rank on GHG emissions intensity within its industry?

In 2024, Viking Line Abp ranked 11 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Viking Line Abp is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Viking Line Abp's Total Carbon Footprint

In 2024, Viking Line Abp reported a total carbon footprint of 435,281 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 112.73% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b

The largest contributor to Viking Line Abp's total carbon footprint was Scope 1 emissions, accounting for 58% of the company's total carbon footprint, followed by Scope 3 emissions at 41.62%. a

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