GHG Emissions

Shipping, the most climate-friendly way of transporting goods, represents approximately 3% of global greenhouse gas emissions. To know how to reduce our emissions, we need to know where they come from and how big they are.

This page presents the Greenhouse Gas emissions (GHG) from Grieg Maritime Group during 2024. The document describes the boundaries considered for the accounting and reporting, the calculation methodologies used, the sources of data, assumptions and exclusions made. The following supporting documentation, in addition to the European Sustainability Reporting Standards, has been used for reporting the Group’s emissions:

  • The Greenhouse Gas (GHG) Protocol: A Corporate Accounting and Reporting Standard
  • Scope 2 Guidance: An amendment to the GHG Protocol
  • Corporate Value Chain (Scope 3) Accounting and Reporting Standards. Supplement to the GHG Protocol, a Corporate Accounting and Reporting Standard
  • Technical Guidance for Calculating Scope 3 Emissions
  • Organisational Boundaries

 

Grieg Maritime Group follows the financial control approach, which involves having financial control over an operation if it is considered a group company or subsidiary for financial consolidation, thereby aligning our GHG accounting with our financial accounting. We account for and report the emissions below when applicable, and we report on tones of CO2 equivalent:

  • Carbon dioxide (CO2);
  • Methane (CH4);
  • Nitrous oxide (N2O);
  • Hydrofluorocarbons (HFCs);
  • Perfluorocarbons (PFCs);
  • Sulphur hexafluoride (SF6); and
  • Nitrogen Trifluoride (NF3)

 

Other emissions not included above, such as sulphur oxides (SOx) emissions, are reported under the Pollution chapter of the Annual Report.

Above is an overview of Grieg Maritime Group scopes and emissions across our value chain. Details can be found in our Annual Report, page 45.

GHG Emissions

Emissions Category
Total Emissions (tCO₂ equivalent)
Scope 1
Total Emissions (tCO₂ equivalent)
705,666
×

Direct emissions come from sources that the company owns or controls.

Scope 2
Scope 2 Location-based emissions
293
Scope 2 Market-based emissions
338
×

Scope 2 includes the emissions from the generation of purchased electricity, steam, heat or cooling consumed by GMG. It includes the emissions from the acquired electricity for Norway offices and Manila Office, as well as the Company property in Norway and the electricity purchased during drydocking.

Scope 3
Purchased goods and services
11,557
Capital goods
NA
Fuel and energy related activities
162,170 
Upstream transportation and distribution
436
Waste generated in operations
1,375 
Business Travel
3,067 
Employee Commuting
49
Upstream leased assets
NA
Downstream transportation
NA
Processing of sold products
NA
Use of sold products
NA
End-of-life treatment of sold products
NA
Downstream leased assets
NA
Franchises
NA
Investments
237
Scope 3
177,516
×

Scope 3 emissions are a consequence of the activities of Grieg Maritime Group, that occur from sources not directly controlled by the company. GMG follows the 15 categories from The Scope 3 Standard for accounting and reporting emissions.

Total GHG emissions (location-based)
883,475
Total GHG emissions (marked-based)
883,519