Höegh LNG
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:946,984 tCO2-e/year
Scope 1 Emissions:946,984 tCO2-e/year
Scope 2 Emissions:69.25 tCO2-e/year
Scope 3 Emissions:5,774.165 tCO2-e/year
Total Energy Consumption:4,666 GWh/year
Waste Generated:763.40 metric tonnes/year
Carbon Intensity:12.72 g CO2 / t·nm
ESG Focus Areas
- Occupational health and safety
- Climate impact and emissions
- Clean energy opportunities
- Waste management
- Diversity and equal opportunities
- Human rights
- Anti-corruption and business integrity
- Cyber security
Environmental Achievements
- Reduced CO2-e per transported tonne-kilometre by 20.9%
- Reduced e-waste by 21.9%
- Implemented shore-based water heating solution in Germany, reducing emissions by an average of 28,000 mt of CO2 annually
- Achieved a GRESB infrastructure assets benchmark report score of 100 out of 100
Social Achievements
- Launched Safer Together, a new safety initiative
- Increased female representation in onshore offices to 41% and in leadership positions to 23%
- Increased female seafarers to 2.7%
- Launched ‘It is Safe to Speak Up’ campaign
- Developed Human Rights criteria for supplier selection
Governance Achievements
- 100% participation in anti-corruption training
- Launched an improved ethical Speak Up process and whistleblower channel
- Launched a gamified Code of Conduct training with 100% completion rate and an average score of 84%
Climate Goals & Targets
Medium-term Goals:
- Have the first net-zero emission FSRU in operation by 2030
- Achieve 40% female leadership onshore by 2030
Short-term Goals:
- Reduce emissions by 50% by 2030 (2020 baseline)
- Increase female seafarers to 4% by 2024 and 10% by 2030
- Increase female leaders to 25% onshore by 2024
Environmental Challenges
- Increase in scope 1 emissions due to return to normal operations after 2022
- Evolving regulatory requirements (CSRD)
- Methane emissions
- Cybersecurity threats
Mitigation Strategies
- Developing roadmap to decrease emissions from existing assets, exploring shore-based power and hot water supply
- Conducting double materiality assessment in preparation for CSRD
- Installing systems to accurately measure methane slip
- Upgrading and enhancing cyber security infrastructure, achieving Silver Level
- Transitioning to a cloud-based IT system
Supply Chain Management
Supplier Audits: 22 suppliers audited in 2023 (13 by Incentra)
Responsible Procurement
- Supplier Code of Conduct
- EcoVadis platform for supplier sustainability assessment
Climate-Related Risks & Opportunities
Transition Risks
- Constantly evolving regulatory requirements
Opportunities
- Clean energy initiatives (floating ammonia terminals, ammonia-to-hydrogen conversion, blue hydrogen production, carbon capture & storage)
Reporting Standards
Frameworks Used: GRI, SASB, TCFD, UNGC, Poseidon Principles, CDP
Certifications: ISO 45001 (Colombia operation and fleet Safety Management System)
UN Sustainable Development Goals
- SDG 7 (Affordable and clean energy)
- SDG 8 (Decent work and economic growth)
- SDG 10 (Reduced inequalities)
- SDG 13 (Climate action)
- SDG 14 (Life below water)
- SDG 16 (Peace, justice and strong institutions)
- SDG 5 (Gender equality)
The report details how Höegh LNG's initiatives contribute to these goals.
Sustainable Products & Innovation
- Hybrid FSRUs
- Floating ammonia terminals
- Ammonia-to-hydrogen conversion
- Blue hydrogen production
- Carbon capture & storage (CCS) initiatives