Climate Change Data

Golar LNG Limited

Climate Impact & Sustainability Data (2020, 2021, 2021-01-01 to 2021-03-31, 2022, 2023)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:1,136,382 tCO2e (LNGC) + 420,901 tCO2e (FSRU) + 387,726 tCO2e (FLNG)
Scope 1 Emissions:1,136,382 tCO2e (LNGC) + 420,901 tCO2e (FSRU) + 387,726 tCO2e (FLNG)
Waste Generated:3,223 m3 (total)
Carbon Intensity:0.30 tonnes CO2e/tonne LNG (Hilli Episeyo)

ESG Focus Areas

  • Health, Safety and Security
  • Environmental Impact
  • Innovation and Transition
  • People and Community
  • Governance and Business Ethics

Environmental Achievements

  • Maintained consistent efficiency and emissions per tonne of LNG produced by Hilli Episeyo at 0.30 tonnes CO2e/tonne LNG (2019: 0.30)
  • Delivered a significant improvement in fleet Annual Efficiency Ratio (AER) to 8.71 (2019: 9.95), despite an average speed increase
  • Improved fuel mix, with LNG delivering 93% of fuel use in 2020 (2019: 82%)
  • Successfully completed a proof-of-concept trial aboard the Golar Igloo, demonstrating the harvesting of over 1.1MW at peak using a hydroelectric turbine in the seawater discharge

Social Achievements

  • Maintained high retention rates for seafarers (97%) and office staff (86%)
  • Continued cadet program with 76% of cadets still employed, 11 becoming senior officers
  • Spent more than $10 million on local purchases in Cameroon
  • 87% of the workforce at Porto de Sergipe power plant were locals during the installation phase

Governance Achievements

  • No violations of laws or regulations in 2020
  • Engaged an independent third party (PwC) to provide assurance over the completeness and accuracy of emissions data
  • Board consisted of seven members, five of which were independent directors (29% women)

Climate Goals & Targets

Long-term Goals:
  • Developing technically and commercially viable floating application of green and blue technologies, focusing on hydrogen, ammonia and carbon capture
Medium-term Goals:
  • Deliver a further 25% reduction in emissions intensity by 2030, based on the annual efficiency ratio against 2019 performance
  • Achieve a retention rate of 95% for crewing and 90% for office staff
  • More than 90% of staff demonstrate living by Golar values
Short-term Goals:
  • Reduce total waste (oily and non-oily) by 20% compared to 2019 benchmark
  • Achieve zero fatalities and sustain a lost-time injury frequency below 0.80 per million exposure hours

Environmental Challenges

  • COVID-19 pandemic causing widespread disruption to supply chains and crew changes
  • Piracy attack resulting in the kidnapping of a crew member
  • Highly variable energy demands impacting FSRU asset utilization
  • Challenges in maintaining emission reduction plans due to COVID-19 related disruptions
Mitigation Strategies
  • Implemented new measures to ensure safety of seafarers and staff, including screening, restricted access, and work-from-home options
  • Provided financial support to crew members on shore leave
  • Implemented remote solutions for maintenance and mandatory ship audits
  • Implemented improvements to minimize the risk of piracy recurrence
  • Continued to improve data and reporting of environmental impact and emissions

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct
  • Ethics and compliance clauses in contractual agreements
  • Risk-based, third-party due diligence

Climate-Related Risks & Opportunities

Physical Risks
  • Increased severe weather events
  • Increased sea temperatures
  • Increased air temperatures
Transition Risks
  • Increased environmental regulations
  • Government policy changes
  • Changing consumer preferences
  • Technological advancements
Opportunities
  • Energy transition increasing demand for natural gas
  • Growth in LNG markets
  • Opportunities for growth in floating liquefaction and gas to power projects
  • Development of maritime infrastructure to support alternative fuels
  • Development of carbon capture services
  • Reduced energy usage through efficiency improvements

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 27001, ISM Code

Third-party Assurance: PricewaterhouseCoopers LLP (PwC)

UN Sustainable Development Goals

  • Goal 7 (Affordable and clean energy)
  • Goal 9 (Industry, innovation and infrastructure)
  • Goal 13 (Climate action)

LNG as a transition fuel, supporting renewable development and emissions reduction

Sustainable Products & Innovation

  • FLNG technology
  • Hydroelectric turbine for FSRU seawater discharge

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Greenhouse Gas Emissions
  • SOX Emissions
  • NOX Emissions
  • PM Emissions
  • Energy Efficiency
  • Waste Management
  • Employee Retention
  • Workforce Diversity
  • Safety
  • Marine Incidents

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: IMO Methodology

Certifications: ISO 14001:2015

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2021-01-01 to 2021-03-31

Environmental Metrics

ESG Focus Areas

  • Emissions

Environmental Achievements

  • Published comprehensive ESG report including audited emissions data and ambitious performance targets.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:584,778 tCO2e/year (2023)
Scope 1 Emissions:489,877 tCO2e/year (2023)
Scope 2 Emissions:16 tCO2e/year (2023, location based)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:100% in London office
Total Energy Consumption:2,277,036 MWh/year (2023)
Water Consumption:Not disclosed
Waste Generated:447 m3/year (2023)
Carbon Intensity:0.319 tCO2e/TLNG (2023)

ESG Focus Areas

  • Health, Safety and Security
  • Environmental Impact
  • Innovation and Transition
  • People and Communities
  • Governance and Business Ethics

Environmental Achievements

  • FLNG conversions saved around 63,343 tons of GHG emissions (equivalent to removing over 25,000 cars from the road for a year)
  • Achieved a carbon intensity of 0.319 TCO2e/TLNG on FLNG Hilli, below the median intensity of most other operating liquefaction plants
  • Reduced total waste (oily and non-oily) by 20% compared to the 2019 benchmark (although this increased in 2023 due to removal of superfluous piping insulation)
  • London office entirely powered by renewable energy and recycles a high percentage of waste (averaging around 90%)

Social Achievements

  • Achieved a 95.79% retention rate for offshore personnel and 90% for onshore staff
  • 90% of employees in Cameroon office and 40% onboard are Cameroonian nationals
  • Local spend (excluding salaries) increased 38% to USD 11m in 2023
  • Implemented several educational programs in Cameroon, including scholarships and internships

Governance Achievements

  • Completed the conversion and re-delivery of its second FLNG, Gimi, without a single lost time incident
  • Updated governance policies, including Anti-bribery and Corruption, Code of Conduct, Speak Up, and others
  • Conducted a human rights audit in February 2023
  • In-house compliance register received a top score from a classification society in November 2023

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Utilize investment in carbon capture technology in future FLNG units
  • Utilize investment in Macaw Energies to displace diesel and LPG
Short-term Goals:
  • Achieve zero fatalities and sustain a lost-time injury frequency below 0.80 per million exposure hours
  • Maintain a “best in class” safety framework
  • Achieve a retention rate of 95% for offshore personnel and 90% for onshore staff
  • Ensure more than 90% of staff demonstrate living by the Golar values
  • Consistently achieve a benchmark emissions intensity of 0.30 TCO2e/TLNG on FLNG Hilli and Gimi
  • Reduce total waste by 20% compared to the 2019 benchmark
  • Achieve zero serious environmental events

Environmental Challenges

  • Hilli Episeyo did not produce LNG as efficiently as designed due to fluctuations in feed gas supply and unscheduled maintenance
  • Golar’s 2023 FLNG Lost Time Injury frequency increased from 2022 levels
  • Fluctuations in feed gas supply, its CO2 content, and their implications on the efficiency of operations are outside of Golar's control
  • Stigmatization of the LNG industry as part of the fossil fuel sector
  • Increased environmental regulations
  • Uncertainty in the balance of LNG supply and demand
  • Technological advancements leading to market share of low-carbon and renewable energy sources exceeding expectations
  • Increased severe weather events
Mitigation Strategies
  • Investing in research and development of cleaner technologies
  • Implementing a Risk Based Inspection programme (RBI) to reduce unscheduled maintenance
  • Proactively investing in the research and development of cleaner technologies
  • Implementing actions to reduce the probability of occurrence, reduce the impact, transfer the risk, or accept the risk
  • Developing and investing in technologies that further enhance operations and combine environmental and economic benefits (e.g., Macaw Energies)
  • Strengthening organizational culture to maintain a common understanding of quality and safety objectives
  • Increased due diligence and human rights audit activity

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct
  • Local procurement initiatives

Climate-Related Risks & Opportunities

Physical Risks
  • Increased severe weather events
Transition Risks
  • Increased environmental regulations
  • Technological advancements leading to market share of low-carbon and renewable energy sources exceeding expectations
  • Decreased demand for LNG
Opportunities
  • Growth in markets for LNG
  • Opportunities for growth in floating liquefaction
  • Use of new technologies to lower carbon emissions

Reporting Standards

Frameworks Used: SASB, GRI, TCFD

Certifications: ISM, ISO 9001, ISO 14001, ISO 45001, MLC, ISPS, IOPG 510, ISO 27001 (IT department only)

Third-party Assurance: Det Norske Veritas (DNV)

UN Sustainable Development Goals

  • SDG 7 (Affordable and Clean Energy)
  • SDG 9 (Industry, Innovation and Infrastructure)
  • SDG 8 (Decent Work and Economic Growth)
  • SDG 13 (Climate Action)

Golar's initiatives contribute to these goals through low-carbon LNG production, community development, and job creation

Sustainable Products & Innovation

  • Macaw Energies' F2X technology
  • Aqualung's carbon capture membrane technology

Awards & Recognition

  • Not disclosed