3.6.1.1Emissions

ESRS E1


Milestones and targets

Base year 2016

2024

2025

% YoY Variation

2025

2030

2050

Progress against base year %

Scope 1 GHG emissions

Gross scope 1 GHG emissions (tonnes of CO2 Eq)

222

169

79

(53%)

Climate Neutral1

Source 100% renewable energy2

Net Zero3

(64%)

Scope 2 GHG emissions

Gross location-based scope 2 GHG emissions (tonnes of CO2 Eq)

3,582

2,061

1,899

(8%)

Gross market-based scope 2 GHG emissions (tonnes of CO2 Eq)

3,582

839

708

(16%)

Climate Neutral1

Source 100% renewable energy2

Net Zero3

(80%)

Significant scope 3 GHG emissions

Total gross indirect (scope 3) GHG emissions (tonnes of CO2 Eq)

7,174,754

7,923,401

Category 1 – Purchased Goods & Services

268,292

266,257

(1%)

Category 6 – Business Travel

34,401

36,096

5%

Category 13 – Downstream Leased Assets4

8,444,579

6,872,061

7,621,048

11%

Lower-carbon FPSO available to the market

50% reduction of GHG intensity; zero routine flaring5

Net Zero6

(10%)

Total GHG emissions7

Total GHG emissions (location-based) (tonnes of CO2 Eq)

8,448,383

7,176,985

7,925,379

10%

Total GHG emissions (market-based) (tonnes of CO2 Eq)

8,448,383

7,175,763

7,924,188

10%

  • 1 Balancing emissions associated with market-based office-related emissions.
  • 2 Aiming for 100% sourcing of renewable energy by 2030 and considering investments in certified projects to compensate any residual GHG emissions from scope 1 and 2, reaching ‘net zero’ on total GHG emissions – all related to the scope of office and shorebase-related emissions. SBM Offshore monitors development versus 2016.
  • 3 Including emissions in scope 1, scope 2 and scope 3 – Downstream leased assets.
  • 4 Base year 2016 for Category 13 – Downstream leased assets.
  • 5 Reduce GHG-intensity of scope 3 – Downstream Leased Assets by 50% by 2030, compared to 2016 as a base year. Routine flaring of gas is flaring during normal oil production operations in the absence of sufficient facilities or amenable geology to re-inject the produced gas, utilize it on-site, or dispatch it to a market.
  • 6 Including emissions in scope 1, scope 2 and one category of scope 3 – Downstream leased assets.
  • 7 Including scope 1, 2 and 3 (Purchased goods and services, Business travel and Downstream leased assets) GHG emissions.

Scope 1 and 2 Breakdown per region

Total (per year)

2025 (per region)

2024

2025

% YoY Variation

Brazil

Angola

North America & Caribbean

Asia & Equatorial Guinea

Europe

Scope 1 and 2 GHG emissions

Scope 1 GHG Emissions

Scope 1 GHG emissions (tonnes of CO2 Eq)

169

79

(53%)

0

10

14

1

54

Scope 2 GHG Emissions

Scope 2 GHG emissions (location based) (tonnes of CO2 Eq)

2,061

1,899

(8%)

45

92

607

847

308

Scope 2 GHG emissions (market based) (tonnes of CO2 Eq)

839

708

(16%)

0

92

567

48

0

Total Scope 1 and 2 GHG Emissions

Total Scope 1 and 2 GHG emissions (location based) (tonnes of CO2 Eq)

2,231

1,978

(11%)

45

102

621

848

362

Total Scope 1 and 2 GHG emissions (market based) (tonnes of CO2 Eq)

1,009

787

(22%)

0

102

581

50

54


Scope 1 and 2 Breakdown per office country

2025 (per office country)

Brazil

Angola

United States of America

Guyana

China

India

Singapore

Equatorial Guinea

Malaysia

the Netherlands

Switzerland

Monaco

France

Portugal

Scope 1 and 2 GHG emissions

Scope 1 GHG Emissions

Scope 1 GHG emissions (tonnes of CO2 Eq)

0

10

0

14

0

1

0

0

0

10

0

0

44

0

Scope 2 GHG Emissions

Scope 2 GHG emissions (location based) (tonnes of CO2 Eq)

45

92

40

567

30

648

7

48

113

134

0

16

8

149

Scope 2 GHG emissions (market based) (tonnes of CO2 Eq)

0

92

0

567

0

0

0

48

0

0

0

0

0

0

Total Scope 1 and 2 GHG Emissions

Total Scope 1 and 2 GHG emissions (location based) (tonnes of CO2 Eq)

45

102

40

581

30

649

7

48

113

145

0

16

52

149

Total Scope 1 and 2 GHG emissions (market based) (tonnes of CO2 Eq)

0

102

0

581

0

1

0

48

0

10

0

0

44

0

Scope 3

Total (per year)

2025 (per region)

2024

2025

% YoY Variation

Brazil

Angola

North America & Caribbean

Asia & Equatorial Guinea

Scope 3 GHG emissions

Category 1 – Purchased Goods & Services1

Total GHG emissions (tonnes of CO2 Eq)

268,292

266,257

(1%)

Category 6 – Business Travel1

Total GHG emissions (tonnes of CO2 Eq)

34,401

36,096

5%

Category 13 – Downstream Leased Assets1

Number of offshore assets

Total number of Downstream Leased Assets (units)

15

15

9

3

2

1

Offshore Downstream Leased Assets Production

Hydrocarbon Production (tonnes)

58,170,414

52,586,008

(10%)

42,348,152

5,323,688

4,492,661

421,506

Hydrocarbon Production (BOE)

416,141,021

373,547,620

(10%)

300,503,203

36,609,865

33,365,585

3,068,968

Scope 3 GHG emissions Downstream Leased Assets

Carbon dioxide (tonnes of CO2 Eq)

6,359,654

6,978,407

10%

4,404,789

1,781,550

535,774

256,294

Methane (tonnes of CO2 Eq)

406,295

532,853

31%

251,416

216,287

52,057

13,093

Nitrous oxide (tonnes of CO2 Eq)

106,113

109,788

3%

75,782

21,931

7,539

4,535

Total GHG emissions (tonnes of CO2 Eq)

6,872,061

7,621,048

11%

4,731,988

2,019,768

595,369

273,923

Total Scope 3 GHG intensity Downstream Leased Assets

Total GHG Emissions per Hydrocarbon Production (tonnes of CO2 Eq/1000 tonnes HC Production)

118

145

23%

112

379

133

650

GHG Emissions per Hydrocarbon Production compared with IOGP Benchmark (%)2

(10%)

11%

(15%)

190%

1%

396%

Total GHG Emissions per BOE (kg CO2 e/BOE)

16.5

20.4

24%

15.7

55.2

17.8

89.3

Non GHG emissions Downstream Leased Assets

Carbon monoxide (CO in tonnes)

9,367

11,046

18%

6,333

3,414

959

339.53

Nitrogen oxides (NOx in tonnes)

10,661

11,074

4%

8,013

1,780

861

421.31

Sulphur dioxides (SO2 in tonnes)

211

235

11%

165.19

30.8

36.65

2.61

Volatile organic compounds (VOCs in tonnes)

1,567

2,080

33%

971.3

850.87

209.48

48.74

Flaring Downstream Leased Assets

Total Gas Flared (tonnes)

739,069

992,001

34%

448,598

420,873

99,513

23,017

Total Gas Flared per hydrocarbon production (Tonnes/1,000 Tonnes HC Production)

12.7

18.9

48%

10.6

79.1

22.2

54.6

Gas Flared per hydrocarbon production compared with IOGP Benchmark (%)3

44%

114%

20%

798%

152%

521%

Flaring Emissions (tonnes of CO2 Eq)

2,456,896

3,297,722

34%

1,491,279

1,399,115

330,813

76,515

Flaring emissions vs Total Emissions (%)

36%

43%

21%

32%

69%

56%

28%

Total Scope 3 GHG Emissions (Categories 1, 6 and 13)

Total Scope 3 GHG Emissions (tonnes of CO2 Eq)

7,174,754

7,923,401

10%

  • 1 For details see section 3.7 Reporting Boundaries.
  • 2 IOGP Benchmark 2023 for GHG Emissions per Hydrocarbon Production: 131 tonnes of GHG/1,000 tonnes of hydrocarbon production.
  • 3 IOGP Benchmark 2023 for Gas Flared per Hydrocarbon Production: 8.8 tonnes of gas flared/1,000 tonnes of hydrocarbon production.

Scope 1, 2 and 3

Total (per year)

2024

2025

% YoY Variation

Total Scope 1, 2 and 3 GHG emissions1

Total Scope 1, 2 and 3 GHG emissions (tonnes of CO2 Eq) (location based)

7,176,985

7,925,379

10%

Total Scope 1, 2 and 3 GHG emissions (tonnes of CO2 Eq) (market based)

7,175,763

7,924,188

10%

Total net revenue2

Total net revenue (US$ million)

4,784

5,903

Total Scope 1, 2 and 3 GHG intensity1

Total Scope 1, 2 and 3 GHG emissions per net revenue (tonnes of CO2 Eq/US$ million) (location based)

1,500

1,343

(11%)

Total Scope 1, 2 and 3 GHG emissions per net revenue (tonnes of CO2 Eq/US$ million) (market based)

1,500

1,342

(11%)

  • 1 Including Scope 1, 2 and Scope 3 (Purchased goods and services, Business travel and Downstream Leased Assets) GHG emissions.
  • 2 Net revenues disclosed in Financial statements – section 4.1.1.

Energy offshore

Total (per year)

2025 (per region)

2024

2025

% YoY Variation

Brazil

Angola

North America & Caribbean

Asia & Equatorial Guinea

Europe

Offshore Energy Consumption and Mix – Downstream Leased Assets

Offshore Energy Consumption (GJ)

68,814,919

66,999,065

(3%)

50,594,230

9,616,188

3,709,045

3,079,602

0

Offshore Energy Consumption (MWh)

19,115,255

18,610,851

(3%)

14,053,953

2,671,163

1,030,290

855,445

0

Offshore Energy Consumption by source – Downstream Leased Assets

Energy consumption from fossil sources

19,115,255

18,610,851

(3%)

14,053,953

2,671,163

1,030,290

855,445

0

(a) fuel consumption from coal and coal products (MWh)

0

0

0%

0

0

0

0

0

(b) fuel consumption from crude oil and petroleum products (MWh)

575,406

643,913

12%

458,894

71,716

108,704

4,599

0

(c) fuel consumption from natural gas (MWh)

18,539,850

17,966,939

(3%)

13,595,059

2,599,448

921,586

850,846

0

(d) fuel consumption from other fossil sources (MWh)

0

0

0%

0

0

0

0

0

(e) consumption of purchased or acquired electricity, heat, steam, or cooling from fossil sources (MWh)

0

0

0%

0

0

0

0

0

Energy consumption from nuclear sources (MWh)

0

0

0%

0

0

0

0

0

Energy consumption from renewable sources (MWh)

0

0

0%

0

0

0

0

0

(a) fuel consumption for renewable sources (MWh)1

0

0

0%

0

0

0

0

0

(b) consumption of purchased or acquired electricity, heat, steam, and cooling from renewable sources (MWh)

0

0

0%

0

0

0

0

0

(c) consumption of self-generated non-fuel renewable energy (MWh)

0

0

0%

0

0

0

0

0

Share of fossil sources (%)

100%

100%

(0%)

100%

100%

100%

100%

0%

Share of renewable sources (%)

0%

0%

0%

0%

0%

0%

0%

0%

Offshore Energy Production – Downstream Leased Assets

0%

Non-renewable energy production (MWh)

19,115,255

18,610,851

(3%)

14,053,953

2,671,163

1,030,290

855,445

0

Renewable energy production (MWh)

0

0

0%

0

0

0

0

0

Offshore Energy Intensity – Downstream Leased Assets

Energy intensity per net revenue (MWh/US$ million)2

3,996

3,153

(21%)

Offshore Energy consumption per production (GJ/ tonnes of hydrocarbon production)

1.2

1.3

8%

1.2

1.8

0.8

7.3

0.0

Offshore Energy consumption per production compared with IOGP Benchmark (%)3

(21%)

(15%)

(20%)

20%

(45%)

387%

0%

  • 1 Fuel consumption for renewable sources including biomass, biofuels, biogas, hydrogen from renewable sources, etc.
  • 2 Net revenues disclosed in Financial statements – section 4.1.1.
  • 3 IOGP Benchmark 2023 for Energy Consumption: 1.5 GJ/tonnes of hydrocarbon production.

Energy onshore breakdown per region

Total (per year)

2025 (per region)

2024

2025

% YoY Variation

Brazil

Angola

North America & Caribbean

Asia & Equatorial Guinea

Europe

Onshore Energy Consumption and Mix

Onshore Energy Consumption (GJ)

25,537

21,500

(16%)

2,553

2,246

3,762

3,837

9,102

Onshore Energy Consumption (MWh)

7,094

5,972

(16%)

709

624

1,045

1,066

2,528

Onshore Energy Consumption by source

Energy consumption from fossil sources

2,479

1,845

(26%)

0

624

841

143

237

(a) fuel consumption from coal and coal products (MWh)

0

0

0%

0

0

0

0

0

(b) fuel consumption from crude oil and petroleum products (MWh)

0

0

0%

0

0

0

0

0

(c) fuel consumption from natural gas (MWh)

644

237

(63%)

0

0

0

0

237

(d) fuel consumption from other fossil sources (MWh)

121

94

(22%)

0

37

53

5

0

(e) consumption of purchased or acquired electricity, heat, steam, or cooling from fossil sources (MWh)

1714

1,514

(12%)

0

587

789

138

0

Energy consumption from nuclear sources (MWh)

0

0

0%

0

0

0

0

0

Energy consumption from renewable sources (MWh)

4,615

4,127

(11%)

709

0

203

923

2,291

(a) fuel consumption for renewable sources (MWh)1

0

0

0%

0

0

0

0

0

(b) consumption of purchased or acquired electricity, heat, steam, and cooling from renewable sources (MWh)

4,412

3,923

(11%)

709

0

111

923

2,179

(c) consumption of self-generated non-fuel renewable energy (MWh)

202

204

1%

0

0

92

0

112

Share of fossil sources (%)

35%

31%

0%

100%

81%

13%

9%

Share of renewable sources (%)

65%

69%

100%

0%

19%

87%

91%

Onshore Energy Production

Non-renewable energy production (MWh)

0

0

0%

0

0

0

0

0

Renewable energy production (MWh)

202

204

1%

0

0

92

0

112

Onshore energy intensity

Energy intensity per net revenue (MWh/US$ million)2

1.5

1.0

(32%)

  • 1 Fuel consumption for renewable sources including biomass, biofuels, biogas, hydrogen from renewable sources, etc.
  • 2 Net revenues disclosed in Financial statements – section 4.1.1.

Energy onshore breakdown per office country

2025 (per office country)

Brazil

Angola

United States of America

Guyana

China

India

Singapore

Equatorial Guinea

Malaysia

the Netherlands

Switzerland

Monaco

France

Portugal

Onshore Energy Consumption and Mix

Onshore Energy Consumption (GJ)

2,553

2,246

401

3,360

163

2,467

54

496

656

2,105

267

3,280

2,202

1,248

Onshore Energy Consumption (MWh)

709

624

111

933

45

685

15

138

182

585

74

911

612

347

Onshore Energy Consumption by source

Energy consumption from fossil sources

0

624

0

841

0

5

0

138

0

50

0

0

187

0

(a) fuel consumption from coal and coal products (MWh)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

(b) fuel consumption from crude oil and petroleum products (MWh)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

(c) fuel consumption from natural gas (MWh)

0

0

0

0

0

0

0

0

0

50

0

0

187

0

(d) fuel consumption from other fossil sources (MWh)

0

37

0

53

0

5

0

0

0

0

0

0

0

0

(e) consumption of purchased or acquired electricity, heat, steam, or cooling from fossil sources (MWh)

0

587

0

789

0

0

0

138

0

0

0

0

0

0

Energy consumption from nuclear sources (MWh)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Energy consumption from renewable sources (MWh)

709

0

111

92

45

680

15

0

182

534

74

911

425

347

(a) fuel consumption for renewable sources (MWh)1

0

0

0

0

0

0

0

0

0

0

0

0

0

0

(b) consumption of purchased or acquired electricity, heat, steam, and cooling from renewable sources (MWh)

709

0

111

0

45

680

15

0

182

534

56

817

425

347

(c) consumption of self-generated non-fuel renewable energy (MWh)

0

0

0

92

0

0

0

0

0

0

18

94

0

0

Share of fossil sources (%)

0%

100%

0%

90%

0%

1%

0%

100%

0%

9%

0%

0%

30%

0%

Share of renewable sources (%)

100%

0%

100%

10%

100%

99%

100%

0%

100%

91%

100%

100%

70%

100%

Onshore Energy Production

Non-renewable energy production (MWh)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Renewable energy production (MWh)

0

0

0

92

0

0

0

0

0

0

18

94

0

0

  • 1 Fuel consumption for renewable sources including biomass, biofuels, biogas, hydrogen from renewable sources, etc.

Energy total

Total (per year)

2025 (per region)

2024

2025

% YoY Variation

Brazil

Angola

North America & Caribbean

Asia & Equatorial Guinea

Europe

Total Energy Consumption and Mix – Offshore Downstream Leased Assets + Onshore

Total Energy Consumption (GJ)

68,840,456

67,020,565

(3%)

50,596,783

9,618,434

3,712,807

3,083,439

9,102

Total Energy Consumption (MWh)

19,122,349

18,616,824

(3%)

14,054,662

2,671,787

1,031,335

856,511

2,528

Total Energy Consumption by source – Offshore Downstream Leased Assets + Onshore

Total energy consumption from fossil sources (MWh)

19,117,734

18,612,696

(3%)

14,053,953

2,671,787

1,031,132

855,588

237

(a) fuel consumption from coal and coal products (MWh)

0

0

0%

0

0

0

0

0

(b) fuel consumption from crude oil and petroleum products (MWh)

575,406

643,913

12%

458,894

71,716

108,704

4,599

0

(c) fuel consumption from natural gas (MWh)

18,540,494

17,967,176

(3%)

13,595,059

2,599,448

921,586

850,846

237

(d) fuel consumption from other fossil sources (MWh)

121

94

(22%)

0

37

53

5

0

(e) consumption of purchased or acquired electricity, heat, steam, or cooling from fossil sources (MWh)

1,714

1,514

(12%)

0

587

789

138

0

Total energy consumption from nuclear sources (MWh)

0

0

0%

0

0

0

0

0

Total energy consumption from renewable sources (MWh)

4,615

4,127

(11%)

709

0

203

923

2,291

(a) fuel consumption for renewable sources (MWh)1

0

0

0%

0

0

0

0

0

(b) consumption of purchased or acquired electricity, heat, steam, and cooling from renewable sources (MWh)

4,412

3,923

(11%)

709

0

111

923

2,179

(c) consumption of self-generated non-fuel renewable energy (MWh)

202

204

1%

0

0

92

0

112

Share of fossil sources (%)

99.98%

99.98%

99.99%

100%

99.98%

99.89%

9.37%

Share of renewable sources (%)

0.02%

0.02%

0.01%

0%

0.02%

0.11%

90.63%

Total Energy Production – Offshore Downstream Leased Assets + Onshore

Total non-renewable energy production (MWh)

19,115,255

18,610,851

(3%)

14,053,953

2,671,163

1,030,290

855,445

0

Total renewable energy production (MWh)

202

204

1%

0

0

92

0

112

Total Energy Intensity – Offshore Downstream Leased Assets + Onshore

Total Energy intensity per net revenue (MWh/US$ million)2

3,997

3,154

(21%)

  • 1 Fuel consumption for renewable sources including biomass, biofuels, biogas, hydrogen from renewable sources, etc.
  • 2 Net revenues disclosed in Financial statements – section 4.1.1.