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 63% 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. This figure includes Scope 1 emissions of about 1,952,668,000 kg CO2e, Scope 2 emissions from purchased electricity at approximately 1,570 kg CO2e, and Scope 3 emissions related to business travel amounting to about 18,100 kg CO2e. Comparatively, in 2022, the company recorded total emissions of approximately 1,867,760,000 kg CO2e, with Scope 1 emissions at about 1,867,760,000 kg CO2e, Scope 2 emissions of approximately 1,800 kg CO2e, and Scope 3 emissions from business travel at around 25,800 kg CO2e. This indicates a slight increase in emissions from 2022 to 2023. Golden Ocean has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further clarity on their long-term sustainability strategies. The company continues to operate within the maritime industry, which is under increasing scrutiny for its environmental impact, highlighting the importance of transparent climate action and emissions reduction strategies.
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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.
