- Climate change poses physical, technological, regulatory and reputational risks
- Bribery and corruption risks in high-risk countries
- Human rights risks in shipbuilding, drydocking, and crew management
Golden Ocean Group Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Golden Ocean Group Limited disclosed greenhouse gas emissions of 2.0M t CO2e. By scope: Scope 1: 2.0M t CO2e; Scope 2: 1.57 t CO2e (market-based), 0.58 t CO2e (location-based); Scope 3: 18.1 t CO2e. 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
2.0M t CO2e
2023
Energy Use
26.1M GJ
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). | 2.0M t CO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.57 t CO2e (market-based), 0.58 t CO2e (location-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 18.1 t CO2e |
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 | 2.0M t CO2e |
| 2022 | 1.9M tCO2e |
| 2019 | 1.7M tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 13.3% reduction in CII compared to 2019 baseline
- Zero oil spills or other releases to the environment in 2023
- 100% of fleet implemented BWTS
🎯 Climate & Sustainability Targets
🔜 Short-term
- 15% CII reduction by 2026 compared to 2019
📅 Medium-term
- 30% CII reduction by 2030 compared to 2019
🔭 Long-term
- Net zero emissions by 2050
🌱 ESG Focus Areas
Lowering the carbon footprint of our fleetNature-related impactsCorruption riskHuman rightsRaising awareness of ESG issues among our staff and key business partnersEnsuring a safe working environment for our seafarers