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.

A figure showing GHG Emissions.

Annually, we report on our greenhouse gas emissions (GHG) in our Annual Report. For 2022, we calculated these emissions using methodologies consistent with the Greenhouse Gas (GHG) Protocol. The disclosures meet the GRI Disclosures 305-1, 305-2 and 305-3 and align with the Task Force on Climate-related Financial Disclosures (TCFD) recommendation of disclosing Scope 1, 2 and 3 if appropriate.

What we account for

At GMG, we take responsibility for all scope 1 and 2 emissions resulting from our operations. We only report on areas where we have the power to introduce, propose, or implement operating policies. However, it’s essential to understand that having operational control doesn’t give us the power to make all decisions concerning an operation. We strive to align our financial accounting with our GHG accounting as much as possible.

We account for and report the below emissions when applicable, and we report on tonnes of CO₂ equivalent

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


We follow the Norwegian Shipowners Association recommendations when reporting on other emissions not included above, such as sulfur oxides (SOx).

You may find an overview of Grieg Maritime Group scopes and emissions across our value chain in our Annual Report.

GHG Emissions

Emissions Category
Total Emissions (tCO₂ equivalent)
Scope 1
Total Emissions (tCO₂ equivalent)
539 222
Scope 2
Scope 2 Location-based emissions
Scope 2 Market-based emissions
Total Scope 1 + Scope 2 Location based
539 414
Total Scope 1 + Scope 2 Market based
539 419
Scope 3
Purchased goods and services
11 995
Fuel and energy related activities
122 200
Upstream transportation and distribution
Waste in operations
Business Travel
2 922
Employee Commuting
Upstream leased assets
19 226
Scope 3 upstream
157 356
180 453
Scope 3 downstream
180 453
Scope 3
337 809
Grand total (scope 1, 2 location-based and scope 3)
877 224
Grand total (scope 1, 2 market-based and scope 3)
877 229