- Increase in severity or frequency of severe weather may result in impacts to marine and onshore operations, such as delays.
- Increased environmental regulation, permitting requirements, or prohibitions on exploration activity may negatively impact projects or result in delays and cost impacts to projects.
- Potential disruption to marine environment if proper mitigation measures are not imposed or enforced.
- Non-compliance with environmental permits without proper due diligence and project management.
- Proper resource management of batteries used throughout TGS OBN operations is necessary when dealing with lithium batteries due to their potential ignitability, reactivity and impact on the environment.
- Potential for serious incidents and fatalities in operations if proper safeguards and procedures are not followed.
- Potential for disruption to local communities by operations or suppliers in the value chain.
TGS ASA
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, TGS ASA disclosed greenhouse gas emissions of 85.84 thousand metric tons of CO2e (Scope 1 & 2); 290.502 thousand metric tons of CO2e (Scope 3). By scope: Scope 1: 76.102 thousand metric tons CO2e; Scope 2: 9.738 thousand metric tons CO2e; Scope 3: 290.502 thousand metric tons 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.
📊 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). | 76.102 thousand metric tons CO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 9.738 thousand metric tons CO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 290.502 thousand metric tons 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 | 85.84 thousand metric tons of CO2e (Scope 1 & 2); 290.502 thousand metric tons of CO2e (Scope 3) |
| 2022 | 119.9K mt CO2e (Scope 3 operations) |
| 2020 | 153.6K mt CO2e (Scope 1+2+3) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 33% decrease in Scope 2 emissions since 2020
- Despite an 11% increase in on-prem compute in 2023, Kwh/Tflops decreased by 10% due to use of more energy-efficient equipment.
- Zero Reportable Quantity (RQ) spills to marine or land environments during seismic operations in 2023.
- Removed over 8.07 metric tons of discarded fishing gear and marine debris from the ocean during TGS operations in 2023.
- TGS Prediktor’s asset management software is deployed for over 9 GW of renewable assets.
- Expanded TGS innovative multi-client business model aimed at collecting wind and metocean data using self-powered floating LiDAR buoys. Launched five additional buoys in 2023.
- Recycled 7.8 metric tons of lithium metal batteries and 3.1 metric tons of lithium-ion batteries in 2023.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reassess emissions’ baselines and targets in 2024 due to significant growth.
📅 Medium-term
- Net zero in Scope 2 emissions by 2030 (goal set in 2021, to be reassessed in 2024).
🔭 Long-term
- Net zero in Scope 1 emissions by 2030 (goal set in 2021, to be reassessed in 2024).