- Transition risks related to the shift away from fossil fuels in the oil and gas industry.
- Physical risks related to extreme weather events.
- Maintaining a skilled workforce in a small corporate organization.
- Ensuring human rights and decent working conditions throughout the global supply chain.
Akastor ASA
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Akastor ASA disclosed greenhouse gas emissions of 41.5K tCO2e (Akastor's share of JVs included). By scope: Scope 1: 16.8K tCO2e (DDW Offshore) + 23975 tCO2e (50% share of HMH & AKOFS); Scope 2: 1 tCO2e (Akastor AS) + 797 tCO2e (50% share of HMH & AKOFS); Scope 3: 26.5K tCO2e (Akastor AS) + 1517 tCO2e (50% share of HMH & AKOFS). 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
41.5K tCO2e (Akastor's share of JVs included)
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). | 16.8K tCO2e (DDW Offshore) + 23975 tCO2e (50% share of HMH & AKOFS) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1 tCO2e (Akastor AS) + 797 tCO2e (50% share of HMH & AKOFS) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 26.5K tCO2e (Akastor AS) + 1517 tCO2e (50% share of HMH & AKOFS) |
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 | 41.5K tCO2e (Akastor's share of JVs included) |
| 2022 | 44.6K tCO2e (industrial portfolio including Akastor’s share of JVs) |
| 2021 | 64.2K tCO2e/year |
| 2020 | 74.9K tonnes CO2e/year |
| 2019 | 25.1K tCO2e/year (Scope 1: 3100 Scope 2: 1950) |
| 2018 | 75.6K tons |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- HMH reduced GHG emissions (Scope 1-3) by 4,890 tonnes.
- AKOFS Offshore reduced GHG emissions (Scope 1-3) by 2,426 tonnes.
- AKOFS Offshore implemented a battery pack on the AKOFS Seafarer, significantly reducing fuel consumption.
🌱 ESG Focus Areas
Climate ChangeGovernanceSocialHuman Rights