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