Climate Change Data

SHV Energy N.V.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:18,175,955 tCO2e
Scope 1 Emissions:118,081 tCO2e
Scope 2 Emissions:9,923 tCO2e
Scope 3 Emissions:18,047,951 tCO2e
Total Energy Consumption:550,277 MWh
Carbon Intensity:3,107 kg CO2eq/t LPG (2022)

ESG Focus Areas

  • Health, Safety and Well-being
  • Innovation
  • Environmental Sustainability
  • Employee and Community Development
  • Business Integrity

Environmental Achievements

  • 7.7% reduction in CO2 emissions (vs. 2016 baseline)
  • Launched a Global Open Innovation Challenge focusing on reducing Scope 1 and 2 emissions, resulting in three winning partnerships and two potential collaborations.
  • Secured land and began designing a first-of-its-kind rDME plant.
  • Increased share of bioLPG in product portfolio.

Social Achievements

  • Launched a new online Health & Safety incident and near-miss reporting tool.
  • Improved driver training for transport contractors.
  • Invested €2.5 million in learning and development.
  • Invested >€890,000 in social investment and charitable contributions.
  • 46 job rotations within Group Leadership Team and local Management Teams, 76% filled internally.

Governance Achievements

  • Established an ESG Reporting project team to prepare for CSRD.
  • Ceased LPG imports from Russia despite financial impact.
  • 100% of product and service categories covered by and assessed for compliance with product safety procedures.
  • 69% of suppliers signed the Supplier Code of Conduct.

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions (details to be provided in future reports)
Medium-term Goals:
  • 25% of senior leadership positions held by women by 2030
  • At least one member of each senior management team from an under-represented nationality by 2030
  • Double SunSource’s capacity to one gigawatt in the coming years.
Short-term Goals:
  • 25% reduction in kgCO2 emissions per tonne LPG distributed by 2025

Environmental Challenges

  • Supply chain disruptions due to extreme weather events (India)
  • High price of vegetable oils and used cooking oil impacting bioLPG supply.
  • Global labor shortage impacting employee turnover in filling plant and transportation roles.
  • Increased frequency and severity of extreme weather events impacting operations.
  • Supply chain challenges in the solar industry (India).
Mitigation Strategies
  • Diversified network of bioLPG suppliers.
  • More rigorous screening and training of new applicants.
  • Scenario planning and detailed risk analysis to prepare for climate change impacts.
  • Strategic plans to mitigate increased import duties in India.
  • Exploring alternative sourcing strategies for LPG (e.g., USA).

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct
  • Focus on local suppliers (86% of procurement budget)

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (flooding, high swell, strong wind, heavy rain)
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products
  • Growth of sustainable fuels

Reporting Standards

Frameworks Used: GRI Standards

UN Sustainable Development Goals

  • SDG 7 (Affordable and Clean Energy)
  • SDG 13 (Climate Action)

Distributing LPG and switching customers to cleaner energy sources contributes to reducing smoke exposure, improving air quality, and mitigating climate change.

Sustainable Products & Innovation

  • bioLPG
  • rDME

Awards & Recognition

  • WLPGA Innovation Award