TGS ASA

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023, 2022, 2020

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.

💨
GHG Emissions
85.84 thousand metric tons of CO2e (Scope 1 & 2); 290.502 thousand metric tons of CO2e (Scope 3)
2023
⚡
Renewable Energy
869 MWh of 1.67 GWh (52%) in Houston HQ
of total energy
♻️
Waste
11.0K kg recycled
2023
⚙️
Energy Use
27.543 thousand MWh
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).76.102 thousand metric tons CO2e
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.9.738 thousand metric tons CO2e
Scope 3Other 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 periodHeadline emissions figure reported
202385.84 thousand metric tons of CO2e (Scope 1 & 2); 290.502 thousand metric tons of CO2e (Scope 3)
2022119.9K mt CO2e (Scope 3 operations)
2020153.6K 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

🎯 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).

🌱 ESG Focus Areas

Climate ChangeBiodiversity & EcosystemsResource UseHuman RightsHealth & SafetyBusiness Conduct

⚠️ Challenges & Risks +

  • 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.

📋 Report Information

Reporting Period: 2023
Frameworks: GRI Standards, EU Corporate Sustainability Reporting Directive (CSRD), European Sustainability Reporting Standards (ESRS), UN Global Compact
Assurance: KPMG (limited assurance)