Excelerate Energy Sustainability Profile
Excelerate Energy, a leading player in the energy sector, is headquartered in the United States and operates primarily in the liquefied natural gas (LNG) industry. Founded in 2003, the company has established itself as a pioneer in providing innovative LNG solutions, including floating storage and regasification units (FSRUs). With a strong presence in key operational regions such as the Americas and the Middle East, Excelerate Energy is recognised for its unique approach to LNG logistics and infrastructure. The company’s core services include LNG transportation, regasification, and supply chain management, which are distinguished by their flexibility and efficiency. Excelerate Energy has achieved significant milestones, including the successful deployment of its FSRU technology, positioning itself as a market leader in the global LNG landscape. Its commitment to sustainability and operational excellence further enhances its reputation within the industry.
DitchCarbon Score
How does Excelerate Energy's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Natural Gas Liquids industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Excelerate Energy's score of 20 is lower than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Excelerate Energy's reported carbon emissions
In 2023, Excelerate Energy reported total carbon emissions of approximately 596,397,000 kg CO2e for Scope 1 and about 145,000 kg CO2e for Scope 2. This reflects a slight increase in Scope 1 emissions from 2022, which were approximately 567,125,000 kg CO2e, while Scope 2 emissions decreased from about 269,000 kg CO2e in the previous year. The company has not disclosed any Scope 3 emissions data. Excelerate Energy has set ambitious near-term climate commitments, aiming to reduce its Scope 1 emissions to near zero by 2025. Similarly, the company is targeting a near-zero reduction for its Scope 2 emissions within the same timeframe. These commitments are part of their broader sustainability strategy, which is documented in their 2023 Sustainability Report. As a current subsidiary of Excelerate Energy, Inc., the emissions data and climate initiatives are cascaded from the parent organisation. Excelerate Energy is committed to aligning its operations with industry standards for climate action, focusing on significant reductions in its direct emissions.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 632,413,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 326,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is Excelerate Energy's Industry?
How Carbon Intensive is Excelerate Energy's Location?
Excelerate Energy's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Excelerate Energy has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
