Chart Industries Inc.
Climate Impact & Sustainability Data (2021, 2023)
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:1.2%
Total Energy Consumption:499,173 GJ
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Decreased 14% in 2021 compared to 2020 baseline.
ESG Focus Areas
- Climate Change
- Clean Energy Transition
- Water Treatment
- Diversity & Inclusion
- Safety
- Governance
- Supply Chain Responsibility
- Human Rights
Environmental Achievements
- Reduced GHG intensity by 14% compared to 2020 baseline.
- Installed a 400 kWp rooftop solar system at Chart Ferox in Decin, Czech Republic.
- Acquired Earthly Labs, a provider of small-scale carbon capture systems.
- Numerous partnerships to advance CCUS technology.
Social Achievements
- Launched Bright Idea Tracker program to encourage employee suggestions.
- Held first Week of Understanding to celebrate diversity and inclusion.
- Made over $150,000 in financial donations and volunteered time to support communities.
- Lowest 12-month rolling TRIR in Chart’s history (0.58 at end of March 2022).
Governance Achievements
- Established anti-corruption training for all employees.
- ESG component added to short-term incentive awards program.
- Formed a Global ESG Committee with five subcommittees.
- Closed on a $1 billion sustainability-linked revolving credit facility.
Climate Goals & Targets
Long-term Goals:
- Achieve carbon-neutral operations by 2050.
Medium-term Goals:
- Reduce GHG intensity by 30% compared to 2020 baseline by 2030.
Short-term Goals:
- Not disclosed
Environmental Challenges
- Supply chain disruptions due to force majeure events.
- Global energy security, independence, resiliency and availability challenges.
Mitigation Strategies
- Placed company tankers into service to deliver fuel.
- Strategic acquisitions and investments to enhance capabilities and resilience.
- Developed alternative sourcing strategies (implied).
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Chart Supplier Code of Conduct
- Conflict minerals reporting (using iPoint and Risk Methods)
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Slower than anticipated growth and market acceptance of new clean energy product offerings
- Inability to achieve expected pricing increases or continued supply chain challenges
Opportunities
- Growth in clean energy markets (LNG, hydrogen, biogas, carbon capture).
Reporting Standards
Frameworks Used: SASB, TCFD, UN SDGs, GRI (referenced)
Certifications: ISO 14001:2015 (many facilities), ISO 45001 (many facilities)
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- SDG 6
- SDG 7
- SDG 8
- SDG 12
- SDG 13
Chart's contributions to the UN SDGs are detailed in the report.
Sustainable Products & Innovation
- Cryogenic Carbon Capture™ technology
- Liquid nitrogen dosing systems
- Water treatment solutions
Awards & Recognition
- Gastech 2021 Emissions Reduction Champion – Organization of the Year Award
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:73,475 tCO2e/year
Scope 1 Emissions:25,959 tCO2e/year
Scope 2 Emissions:47,516 tCO2e/year
Renewable Energy Share:9.5% of total energy use
Total Energy Consumption:862,437 MWh/year (GJ converted)
Water Consumption:227,387,787 gallons/year
Waste Generated:13,607 tons/year
Carbon Intensity:20.1 MT CO2e/Million$
ESG Focus Areas
- Climate Change
- Diversity & Inclusion
- Governance
- Safety
- Community Investment
- Responsible Supply Chain
Environmental Achievements
- Reduced GHG emission intensity by 27% relative to 2022 (to 20.1 MT CO2e/Million$)
- Achieved 50% GHG emission intensity reduction by 2030 (relative to a 2020 baseline), seven years ahead of target
- Recycled 227,387,787 gallons of water across its facilities in 2023
- Eliminated 70,000 MT CO2e in methane emissions in 2023 through partnership with Kathairos Solutions
- Reduced carbon emissions by 16,000 tons annually at Agnico Eagle Fosterville Mine in Australia through ventilation control system
Social Achievements
- Lowest 12-month rolling TRIR in company history (0.53 as of December 31, 2023)
- Expanded Employee Resource Groups (ERGs) to celebrate Diversity & Inclusion
- Launched Operational Leaders Program to develop operational team members
- Expanded Howden’s Bright Futures Program and integrated it with Chart’s Giving Back Program
- More than $110,500 in financial donations through Giving Back program in 2023
- 2,265 team members (19.6% of workforce) logged volunteer hours in 2023
Governance Achievements
- Added three new members to the Board of Directors in 2023
- Nine out of ten directors are independent
- Four out of ten directors are female, two are diverse
- Annual anti-corruption training for all employees
- ESG considerations integrated into business planning and executive bonus compensation
Climate Goals & Targets
Long-term Goals:
- Net-zero emissions by 2050
Medium-term Goals:
- Increase female representation to 40% on executive management team by 2030
- Increase female representation to 35% in senior roles by 2030
- Achieve employee volunteer participation of 25% by 2030
Short-term Goals:
- Not disclosed
Environmental Challenges
- Supply chain disruptions (implied)
- Integrating Howden's operations and ESG practices
- Achieving net-zero emissions by 2050
Mitigation Strategies
- Developed a robust understanding of opportunities to reduce waste, increase material recovery and reuse, and lower water consumption
- Blended best health and safety practices of both legacy companies to create systems and programs
- Established Chart Business Excellence (CBE) team to drive company-wide operational excellence
- Implemented an ESG incentive to the Authorization for Expenditure (AFE) process
Supply Chain Management
Supplier Audits: Top 10 suppliers surveyed using EcoVadis
Responsible Procurement
- Chart Supplier Code of Conduct
- Conflict Minerals Policy
- Compliance with California Transparency in Supply Chains Act and U.K. Modern Slavery Act
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Development of energy-efficient products and services
- Growth in clean energy markets
Reporting Standards
Frameworks Used: SASB, TCFD, UN SDGs, OECD
Certifications: ISO 14001, ISO 45001, Health Promoting Enterprise (Czech Republic)
UN Sustainable Development Goals
- SDG 3
- SDG 4
- SDG 5
- SDG 6
- SDG 7
- SDG 8
- SDG 9
- SDG 10
- SDG 12
- SDG 13
- SDG 16
Chart contributes to many of the UN SDGs through its various initiatives and technologies.
Sustainable Products & Innovation
- Cryogenic Carbon Capture (CCC™) technology
- ChartWater™ solutions
- Hydrogen solutions
- Ventsim™ software
Awards & Recognition
- Sustainable Innovation category, U.K.’s IP&E Awards
- Excellence in Manufacturing, 19th Annual ROCCO Business Awards
- Most Innovative Company (Decin, Czech Republic)
- Health Promoting Enterprise certification (Czech Republic)
- Partnership Gwinnett 2023 Movers & Makers Award (AdEdge)
- Newsweek’s 2024 Most Responsible Companies