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.
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.
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
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.