- Higher carbon taxes and reduced demand for traditional offshore drilling platforms and vessels due to the transition to renewable energy.
- Severe oceanic weather conditions affecting equipment reliability and installation.
- Potential negative environmental impacts from supply chain and operations.
Mooreast Holdings Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Mooreast Holdings Ltd. disclosed greenhouse gas emissions of 320 tCO2e/year (Scope 2). By scope: Scope 2: 320 tCO2e/year; Scope 3: Information unavailable. 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
320 tCO2e/year (Scope 2)
2023
Renewable Energy
Approximately 50% (potential from solar panels)
of total energy
Water Usage
2.29 megalitres/year
2023
Waste
377 tons/year
2023
Energy Use
798 MWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 320 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | Information unavailable |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Successfully installed and begun utilizing electricity from solar panels within our operations, potentially generating enough energy to supply an estimated 50% of the Group’s energy requirements.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase the usage of renewable energy to reduce energy drawn from the electrical grid
- Continue to monitor and improve the Group’s proportion of reusable waste
- Maintain our ISO14001 and ISO45001 certifications
- Provide 100% of eligible employees with performance reviews
- To achieve zero workplace fatalities
📅 Medium-term
- To increase minimum number of training hours per employee to upgrade employees’ professional competency
- To quantify Scope 3 GHG emissions in FY2026
🔭 Long-term
- To provide at least average 12 hours training per employee by FY2028
- To provide at least 14 hours training for each employee from FY2030 onwards
🌱 ESG Focus Areas
Upholding Governance and EthicsBuilding Climate ResilienceProtecting Our EnvironmentPursuing Quality and InnovationSafeguarding Health and SafetyStrengthening Our People and Community