- Meeting ambitious decarbonization targets.
- Maintaining profitability in a volatile tanker market.
- Attracting and retaining skilled seafarers.
- Compliance with evolving ESG regulations and investor expectations.
- Cybersecurity threats.
- Geopolitical risks and sanctions.
- Managing counterparty risks.
Euronav NV
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Euronav NV disclosed greenhouse gas emissions of 3.0M tCO₂e/year. By scope: Scope 1: 2.2M tCO2e/year; Scope 2: 175 tCO2e/year; Scope 3: 789.8K tCO2e/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
3.0M tCO₂e/year
2023
Water Usage
0 m3/year
2023
Energy Use
27.6M GJ (excluding TC out consumption)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 2.2M tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 175 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 789.8K tCO2e/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 period | Headline emissions figure reported |
|---|---|
| 2023 | 3.0M tCO₂e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Received a Silver Environment Award at the ESG Shipping Awards.
- Improved CDP Climate Change score to 'B'.
- Reduced Energy Efficiency Operational Index (EEOI) from 4.7 gCO2/TNM in 2022 to 4.4 gCO2/TNM in 2023.
- Implemented 11 dry-dock programs in 2023 for fuel and emissions savings.
- 82 green retrofit projects scheduled for 2022-2027.
- Implemented FAST project, resulting in estimated savings of 86,000 MT CO2 per year.
🎯 Climate & Sustainability Targets
📅 Medium-term
- Achieve CII rating of A or B.
🔭 Long-term
- Net-zero GHG emissions by 2050.
🌱 ESG Focus Areas
DecarbonisationDiversificationOptimisationClimate ChangeBiodiversityWorkforce DiversitySafetyEthical BehaviourCorporate Governance