BW Offshore Limited

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023, 2022

In its 2023 reporting, BW Offshore Limited disclosed greenhouse gas emissions of 900 thousand tonnes CO2e (Scope 3). By scope: Scope 1: 9.4 thousand tonnes CO2e/year; Scope 2: 20.4 thousand tonnes CO2e/year; Scope 3: 900 thousand tonnes CO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

💨
GHG Emissions
900 thousand tonnes CO2e (Scope 3)
2023
⚡
Renewable Energy
1.2% of total energy use
of total energy
♻️
Waste
6.5 thousand tonnes/year
2023
⚙️
Energy Use
83.3K MWh/year
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).9.4 thousand tonnes CO2e/year
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.20.4 thousand tonnes CO2e/year
Scope 3Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.).900 thousand tonnes CO2e/year

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

📈 Emissions by Report Period

Report periodHeadline emissions figure reported
2023900 thousand tonnes CO2e (Scope 3)
202213.3 + 0.3 + 1398 = 1411.6 thousand tonnes CO2e

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Introduce an Environmental Policy in 2024
  • Continue to explore material sustainability matters related to climate change mitigation and adaptation

📅 Medium-term

  • Diversify asset portfolio to include energy transition fuels and renewable technologies
  • Maturing and fully developing one or two new business segments within low-emission energy production

🔭 Long-term

  • Transition to a low-carbon and renewable energy service company

🌱 ESG Focus Areas

Climate ChangePollutionResource Use and Circular EconomyOwn workforceWorkers in the value chainAffected CommunitiesCyber SecurityBusiness conduct

⚠️ Challenges & Risks +

  • Accident in the yard where BW Opal was under construction resulting in a fatality
  • Persistent cost inflation impacting project economics
  • Heightened risk of cyber-attacks
  • Access to, and cost of, capital
  • Lack of circularity principles in asset design
  • Potential harassment and assault in the value chain
  • Protection of whistleblowers
  • Negative impacts to societies due to acts of bribery and corruption

📋 Report Information

Reporting Period: 2023
Frameworks: CSRD, ESRS, GRI, TCFD