Excelerate Energy, Inc.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:596,397 tCO2e/year (Scope 1)
Scope 1 Emissions:596,397 tCO2e/year
Scope 2 Emissions:145 tCO2e/year
Water Consumption:62,629 m3/year
Waste Generated:2,181 cubic meters/year
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced Scope 2 GHG emissions from 269 MT CO2e in 2022 to 145 MT CO2e in 2023. Achieved 5 million staff hours without a Lost Time Injury (LTI).
- Launched a program on the FSRU Excelsior in 2024 to reduce plastic use by installing a water purification system and water bottle filling stations.
- Piloting a new acoustic biofouling prevention system on the FSRU Excelsior that prevents the buildup of marine organisms without the use of chlorine.
Social Achievements
- Reached 5 million staff hours without a Lost Time Injury (LTI).
- Extended parental leave by two weeks in 2023.
- Launched a new leadership development program for onshore leaders and managers.
- Women represent approximately 40% of the onshore workforce and 28% of senior management.
Governance Achievements
- Implemented a new Supplier Code of Conduct in 2023.
- Introduced ESG 101 training for onshore employees.
- Held inaugural Corporate Compliance & Ethics Week in November 2023.
Climate Goals & Targets
Environmental Challenges
- Scope 1 emissions increased by 5.2% due to increased customer demand.
- Managing the environmental impact of FSRU operations, including water intake and discharge, and waste generation.
Mitigation Strategies
- Implementing energy efficiency management plans (SEEMP) on each FSRU.
- Upgrading onboard technology to reduce emissions (e.g., new catalytic unit on FSRU Excelsior).
- Adding state-of-the-art equipment on new FSRU Hull 3407 and new environmental monitoring equipment on FSRU Express.
- Exploring ways to power offices with renewable energy, transitioning to electric vehicles, minimizing vehicle use for crew changes, reducing paper use, and using reusable water bottles.
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct implemented in 2023.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Rising sea levels
Transition Risks
- Changes in the energy landscape
Opportunities
- LNG as a bridge fuel during the energy transition.
Reporting Standards
Frameworks Used: GRI, TCFD
Sustainable Products & Innovation
- Hull 3407 FSRU with new technologies to reduce carbon emissions.