- Ongoing geopolitical issues and armed conflicts
- Potential violation of sanctions
- Bribery and corruption risks
- Climate change poses physical, technological, regulatory and reputational risks
Frontline plc
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Frontline plc disclosed greenhouse gas emissions of 2.3M tCO2e. By scope: Scope 1: 2.3M tCO2e; Scope 2: 2.05 tCO2e (market-based), 0.76 tCO2e (location-based); Scope 3: 36.95 tCO2e. 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
2.3M tCO2e
2023
Energy Use
30.3M 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). | 2.3M tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 2.05 tCO2e (market-based), 0.76 tCO2e (location-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 36.95 tCO2e |
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 | 2.3M tCO2e |
| 2022 | 2.1M tCO2e |
| 2019 | 1.3M t CO₂-e |
| 2018 | 1.3M tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Outperformed the IMO and Poseidon Principles emission trajectories by 20% and 10%, respectively
- Achieved a weighted average CII rating of "A"
- Annual reduction of over 100,000 tonnes in CO2 emissions across our VLCC fleet following fleet renewal
- 99% of fleet are ECO vessels following fleet renewal
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce waste by 3% in 2025, relative to 2024 baseline
- Continue to outperform the IMO and the Poseidon Principles emission trajectories and achieve a weighted average fleet CII rating of "A"
🔭 Long-term
- Support IMO’s targets to reach net-zero by or around 2050
🌱 ESG Focus Areas
DecarbonisationWaste reductionSeafarer safety and wellbeingHuman rightsEthical business conduct