- Decarbonization of operations remains a challenge due to the lack of readily available green technologies and fuels
- Setting realistic emission reduction targets in the short and medium term is challenging without access to low-carbon fuels and new vessels
- Dependence on collaboration with customers to realize emission targets
- Lack of industry-wide recognized standard for proactive hull cleaning
- High risk for Solstad related to negative reputation, media exposure, legal issues and/or operational issues due to use of external Crewing companies and Shipyards
Solstad Offshore ASA
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Solstad Offshore ASA disclosed greenhouse gas emissions of 778.3K tCO2e/year. By scope: Scope 1: 25.0K tCO2e/year; Scope 2: 191 tCO2e/year; Scope 3: 753.1K 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
778.3K tCO2e/year
2023
Renewable Energy
90%
of total energy
Water Usage
1.7M litres/year
2023
Waste
1.7K tons/year
2023
Energy Use
100.1K MWh/year
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). | 25.0K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 191 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 753.1K 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 | 778.3K tCO2e/year |
| 2022 | 720.1K tCO2e/year |
| 2021 | 711.6K tCO2e/year |
| 2020 | 696.9K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 25% of total revenue came from non-oil and gas activities
- Strategic divestment of the PSV segment (37 vessels), increasing share of revenue from sustainable activities
- Reduced total fleet direct vessel CO2 emissions by 19% in 2023 to 582,280 tons compared to 720,101 tons in 2022
- Direct Scope 1 emissions reduced by 56% from 2022 to 2023 due to vessel sale and increased fuel efficiency
- Average fleet CO2 emissions per operational vessel day reduced by 3% in 2023 compared to 2022, even with higher activity
- Achieved KPI of 20 SGOs per day per vessel in 2023 (20.2 with 24,964 SGOs done)
- Reduced single-use water bottles by about 100,000 from 2022 to 2023
- In 2023, revenue from taxonomy-aligned activities was 22%
- In 2023, revenue for non-oil and gas-related activities was 25%
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase KPI number of Solstad Green Operations
📅 Medium-term
- 10% share of female seafarers
- 30% onshore female managers
- Net zero emissions by 2050
🔭 Long-term
- Net zero emissions by 2050
🌱 ESG Focus Areas
Climate ChangeWorkforceGovernance