- Higher activity under existing oil and gas frame agreements prevented achieving the 50% target for activity within the non-Oil & Gas segment.
- One work-related injury occurred in the second quarter of 2022.
- Increased activity levels resulted in a total increase in emissions from 2021 to 2022 despite reduction in emissions per available vessel day.
- Expected changes in weather conditions and increase in sea level may impact project cycles and operations.
- Regulatory changes may have financial impacts.
- Shifts in demand for hydrocarbons may affect future investment levels and increase competition.
Reach Subsea ASA
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Reach Subsea ASA disclosed greenhouse gas emissions of 42.5K tCO2e/year. By scope: Scope 1: 42.5K 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
42.5K tCO2e/year
2022
Renewable Energy
18%
of total energy
Energy Use
425.8K GJ/year
2022
📊 Emissions by Scope (2022)
| 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). | 42.5K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Achieved zero major spills of hazardous materials to the sea.
- Reduced CO2 emissions per sold vessel day to 27.86 tons of CO2 equivalents from 31.88 in 2021.
- Participated in an Ocean Cleanup campaign.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase activity within non-O&G segment.
- Reduce fuel emission of CO2 compared to activity levels.
- Successfully bring two USVs to market in 2023/24.
- Increase use of autonomous and/or remote operations.
- Zero major spills of hazardous materials to the sea.
📅 Medium-term
- By 2030, aim to have a fleet consisting of zero-emission vessels.
🔭 Long-term
- Zero impact on the environment.
🌱 ESG Focus Areas
EnvironmentSocialGovernance