Solstad Farstad
Solstad Farstad ASA, commonly referred to as Solstad, is a leading provider of offshore services headquartered in Norway. Established in 2017 through the merger of Solstad Offshore and Farstad Shipping, the company operates primarily in the North Sea, Brazil, and Australia, catering to the oil and gas, renewable energy, and subsea sectors. With a diverse fleet of advanced vessels, including platform supply vessels (PSVs) and anchor handling tug supply vessels (AHTS), Solstad is renowned for its commitment to safety, sustainability, and innovation. The company has achieved significant milestones, including a strong market position bolstered by strategic partnerships and a focus on environmentally friendly operations. Solstad Farstad continues to set industry standards, making it a key player in the global offshore services market.
DitchCarbon Score
How does Solstad Farstad'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
Solstad Farstad's score of 22 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Solstad Farstad's reported carbon emissions
In 2024, Solstad Farstad reported total carbon emissions of approximately 516,139,000 kg CO2e. This figure includes Scope 1 emissions of about 352,124,000 kg CO2e, primarily from mobile combustion, and Scope 2 emissions of approximately 12,000 kg CO2e. Additionally, their Scope 3 emissions totalled around 185,462,000 kg CO2e, with significant contributions from purchased goods and services (about 18,089,000 kg CO2e) and fuel and energy-related activities (approximately 36,941,000 kg CO2e). The company has not disclosed specific reduction targets or initiatives as part of their climate commitments. However, they have consistently reported emissions across all three scopes in recent years, indicating a commitment to transparency in their environmental impact. In previous years, emissions were notably higher, with Scope 1 emissions reaching approximately 719,845,000 kg CO2e in 2022 and 711,552,000 kg CO2e in 2021. This trend highlights the importance of ongoing monitoring and potential future reduction strategies as the company navigates its climate responsibilities. Overall, while Solstad Farstad has not set explicit reduction targets, their comprehensive emissions reporting reflects an awareness of their carbon footprint and the need for climate action within the maritime industry.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 714,722,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 156,000 | - | 000,000 | 000,000 | 000,000 | 00,000 |
| Scope 3 | - | - | - | - | 00,000,000 | 000,000,000 |
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.
Solstad Farstad 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.
