New Fortress Energy Inc.

Climate Impact & Sustainability Data (2023)

Total Carbon Emissions:4,535,240 tCO2e/year

Scope 1 Emissions:229,381 tCO2e/year

Scope 2 Emissions:20,798 tCO2e/year

Scope 3 Emissions:4,285,461 tCO2e/year

Total Energy Consumption:25,012,393 MWh/year

Carbon Intensity:0.4 CO2e/$1000 of revenue in 2023

Achieved zero reportable spills for the sixth consecutive year.
Expanded leak detection and repair (LDAR) programs to additional operating sites.
Integrated water recycling system in Puerto Rico emergency power units to reduce water usage and emissions.

Created 205 full-time jobs globally, prioritizing local hiring.
Conducted volunteer events in key locations worldwide.
Continued annual year-end donation matching program for employees, more than doubling employee donations compared to the previous year.
Implemented a new human capital management platform to improve talent assessment, learning and development, and people analytics.
Expanded health benefits, including a holistic wellness program to encourage healthy eating and exercise.

Implemented Oracle NetSuite ERP system to support operations, finance, and governance functions.
Launched automated compliance training on the LRN Corporation platform.
Provided global compliance training in multiple disciplines (e.g., anti-corruption, anti-money laundering, and sanctions) in various languages; automated tracking enabled targeted follow-up to ensure maximum employee participation.
Improved supplier recertification process to reduce supplier response time and increase efficiency of internal tracking.
Continued to train employees on cybersecurity risks through periodic testing and achieved a phishing click-through rate below 10%.

Long-term Goals:

Net zero emissions by 2030 (for legacy units; new facilities to pursue decarbonization to the greatest extent possible).

Medium-term Goals:

Achieve DQO (Chemical Oxygen Demand) at first FLNG facility.
Begin licensing and construction of a hydrogen-associated facility.
Conduct a formal Climate Change Risk Assessment (CCRA) for one facility and develop a facility-level climate mitigation strategy.
Complete CCRA risk assessment process at additional facilities until all facilities under operational control are addressed.

Short-term Goals:

Maintain zero reportable spills.
Expand LDAR programs to all applicable operational sites.
Complete modifications to regasification system to increase efficiency and reduce emissions at La Paz facility.
Implement solutions to replace municipal (potable) water use in fire protection systems at best candidate sites.

Increased operational carbon intensity by 10% due to significant growth in energy supply.
Short-term and long-term regulatory risks from increasing oversight of natural gas and LNG operations.
Climate-related physical risks from extreme weather events due to coastal location of facilities.
Market fluctuation risks from reduced demand for fossil fuels due to net-zero commitments.
Cybersecurity threats amplified by geopolitical tensions and socioeconomic instability caused by climate change impacts.

Continued evaluation and implementation of practices to reduce Scope 1 and 2 GHG emissions.
Increased granular data on LNG and natural gas management to meet disclosure requirements.
Investment in technology to reduce methane emissions, air pollutant emissions, and other environmental impacts.
Incorporation of measures to mitigate risks from extreme weather and natural hazards into project designs and operational procedures.
Engagement with multiple suppliers in various locations to avoid supply chain disruptions.
Continuous improvement of cybersecurity defenses, including comprehensive policies, mandatory training, and a Cybersecurity Council.

Supplier Audits: Annual recertification program for selected suppliers.

Frameworks Used: GRI, SASB, TCFD (partially, transitioning to IFRS S2), IPIECA

NFE's mission to provide clean energy and its commitment to net-zero emissions align with these goals.