- Ongoing geopolitical issues and armed conflicts
- Inclusion of the shipping industry in the EU Emissions Trading Scheme (EU ETS)
- Planned well-to-wake regulations
- Climate-related risks (physical, technological, regulatory, and reputational)
- Human rights risks in shipbuilding, ship repairs, dry-docking, sale of ships, and ship recycling
- Corruption and bribery risks
SFL Corporation Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, SFL Corporation Ltd. disclosed greenhouse gas emissions of 2.2M tCO2e/year (Scope 1). By scope: Scope 1: 2.2M tCO2e/year; Scope 2: 0.69 tCO2e/year; Scope 3: 11.94 tCO2e/year. 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
2.2M tCO2e/year (Scope 1)
2023
Water Usage
0.06 m3/year
2023
Energy Use
27.7M GJ/year
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). | 2.2M tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 0.69 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 11.94 tCO2e/year |
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 | 2.2M tCO2e/year (Scope 1) |
| 2019 | 4.0M tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 2.54% year-on-year improvement in Annual Efficiency Ratio (AER) for fleet average CO2 emissions
- Zero spills (excluding two minor spills on jack-up drilling rig Linus)
- 98.3% of vessels had ballast water treatment systems installed
- Reduced particulate matter pollution by 2.6% compared to 2022
🎯 Climate & Sustainability Targets
🔜 Short-term
- Continue to outperform IMO and Poseidon Principles emission trajectories
- Reduce waste by 3% in 2025 compared to 2024 baseline
📅 Medium-term
- Achieve IMO 2030 emission reduction targets as a minimum threshold
🔭 Long-term
- Achieve net-zero emissions by or around 2050 (in line with IMO targets)
🌱 ESG Focus Areas
Greenhouse gas emissionsLow carbon energy sourcesHealth and safety involving crewCorruption riskHuman rightsSpills and releasesTraining – compliance training and training onboard (e-based)