Climate Change Data

LBC Tank Terminals Group

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:35780 tCO2e/year (market-based)
Scope 1 Emissions:32688 tCO2e/year
Scope 2 Emissions:3092 tCO2e/year (market-based)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:78%
Total Energy Consumption:814 million MJ/year
Water Consumption:143,000 m3/year
Waste Generated:2449 tons/year
Carbon Intensity:1.88 kg CO2 per ton throughput (market-based)

ESG Focus Areas

  • Occupational health and safety
  • Process safety
  • Water, soil, and groundwater pollution
  • VOC emissions
  • Energy use and CO2 emissions
  • Customer focus
  • Business ethics and integrity
  • Human rights
  • Talent attraction and retention
  • Diversity and inclusion
  • Information security
  • Sustainable procurement
  • Community engagement and charity
  • Waste
  • Adaptation to climate change
  • Water use
  • Biodiversity

Environmental Achievements

  • 34% reduction of absolute CO2 emissions (scope 1 plus market-based scope 2)
  • 78% of electricity use comes from renewable sources (2021: 19%)
  • Significant reduction in VOC emissions intensity

Social Achievements

  • Significant reduction in recordable incidents (60% compared to 2021)
  • Improved customer service scores (Net Promoter Score increased from 7 to 39)
  • Community investment of €19,000 in Europe and $37,600 in the US

Governance Achievements

  • Establishment of the Management Risk Committee in 2022
  • Improved compliance with debt covenants
  • First dividend ever paid to shareholders

Climate Goals & Targets

Long-term Goals:
  • Achieve CO2 neutrality in scope 3 emissions by 2040
  • Zero waste to landfills by 2030
Medium-term Goals:
  • Achieve CO2 neutrality in scope 1 and 2 emissions by 2030
  • Increase representation of women in senior management to 20% by 2030
  • Increase representation of women on the Board of Directors to 20% by 2030
Short-term Goals:
  • Reduce CO2 emissions by 65% by 2027 (compared to 2020 baseline)

Environmental Challenges

  • Volatile market due to the Russian invasion of Ukraine and subsequent energy crisis
  • Increased energy costs
  • Drop in throughput volumes in Europe
  • Higher steel and copper prices and unpredictable delivery schedules of construction materials
  • Increased cybersecurity threats
Mitigation Strategies
  • CPI-linked contracts to offset increased costs
  • Contingency plans for natural gas supply disruptions
  • Focus on service improvement and asset optimization
  • Comprehensive IT/OT security program
  • Implementation of a clear growth strategy

Supply Chain Management

Supplier Audits: 72% of strategic suppliers assessed against ESG criteria in 2022

Responsible Procurement
  • LBC Supplier Code of Conduct
  • ESG criteria assessments of strategic suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Increased hurricane activity (US), intensification of extratropical storms, increase in heavy rain, and rise of sea level (Europe)
Transition Risks
  • Policy and regulatory risks, technological risks, market risks, reputational risks, and legal risks related to the energy transition
Opportunities
  • Diversification of product portfolio by focusing on energy carriers such as ammonia, methanol and LOHCs

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 9001, ISO 14001, CDI-T, ISCC

Third-party Assurance: External auditor (limited assurance)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • ILTA Safety Excellence Award (2022)
  • Dow Safety Award and Silver 4STAR Award (2022)