Golden Ocean
Golden Ocean Group Limited, commonly referred to as Golden Ocean, is a prominent player in the shipping industry, headquartered in Bermuda (BM). Founded in 2004, the company has established itself as a leader in the dry bulk shipping sector, primarily operating in key markets across Asia, Europe, and North America. Specialising in the transportation of commodities such as iron ore and coal, Golden Ocean distinguishes itself through its modern fleet and commitment to operational efficiency. The company has achieved significant milestones, including a successful public listing and strategic fleet expansions, solidifying its market position. With a focus on sustainability and innovation, Golden Ocean continues to enhance its service offerings, making it a preferred choice for clients seeking reliable and environmentally responsible shipping solutions.
DitchCarbon Score
How does Golden Ocean's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Maritime Transport industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Golden Ocean's score of 25 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Golden Ocean's reported carbon emissions
In 2023, Golden Ocean, headquartered in Bermuda (BM), reported total carbon emissions of approximately 1,952,668,000 kg CO2e from Scope 1, which includes direct emissions from owned or controlled sources. The company also recorded about 1,570 kg CO2e from Scope 2 emissions, primarily related to purchased electricity, and approximately 18,100 kg CO2e from Scope 3 emissions, specifically from business travel. Comparatively, in 2022, Golden Ocean's emissions were about 1,867,760,000 kg CO2e for Scope 1, 1,800 kg CO2e for Scope 2, and 25,800 kg CO2e for Scope 3. This indicates a slight increase in Scope 1 emissions year-on-year, while Scope 2 emissions decreased marginally, and Scope 3 emissions saw a notable reduction. The company has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi (Science Based Targets initiative) commitments. However, they are actively reporting their emissions data through the CDP (formerly Carbon Disclosure Project), which reflects their engagement in climate-related transparency. Overall, Golden Ocean's emissions data highlights the ongoing challenges in managing carbon footprints within the shipping industry, while their lack of formal reduction commitments suggests an area for potential improvement in their climate strategy.
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| 2018 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,566,274,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | 00,000 | 00,000 | 0,000 | 0,000 |
| Scope 3 | - | - | - | 00,000 | 00,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Golden Ocean is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
