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Public Profile
Inland Water Transport
GB
updated 10 days ago

Flex Lng

Company website

Flex LNG Ltd., headquartered in Great Britain, is a prominent player in the liquefied natural gas (LNG) shipping industry. Founded in 2006, the company has established itself as a leader in the transportation of LNG, operating a modern fleet of high-capacity vessels designed for efficiency and environmental sustainability. With a focus on long-term charters and spot market opportunities, Flex LNG offers unique services that cater to the evolving needs of the global energy market. The company’s commitment to innovation and operational excellence has positioned it favourably within the industry, achieving significant milestones such as the delivery of state-of-the-art LNG carriers. Flex LNG's strategic presence in key operational regions, including the United States and Asia, underscores its role in facilitating the growing demand for cleaner energy solutions. As a result, the company continues to enhance its market position, contributing to the transition towards a more sustainable energy future.

DitchCarbon Score

How does Flex Lng'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.

15

Industry Average

Mean score of companies in the Inland Water Transport 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.

9

Industry Benchmark

Flex Lng's score of 15 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.

61%

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Flex Lng's reported carbon emissions

In 2023, Flex LNG reported total Scope 1 emissions of approximately 745,186,000 kg CO2e. This figure represents a decrease from 2022, when emissions were about 800,461,000 kg CO2e, and from 2021, which saw emissions of around 759,086,000 kg CO2e. The company has not disclosed any Scope 2 or Scope 3 emissions data. Despite the reductions in absolute emissions, Flex LNG has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). The company’s climate strategy appears to be in its early stages, with no significant pledges or initiatives reported. Flex LNG operates from its headquarters in Great Britain and is focused on maintaining transparency in its emissions reporting, as evidenced by its disclosures to the Carbon Disclosure Project (CDP). The company continues to monitor its emissions and may develop further climate commitments in the future.

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2020202120222023
Scope 1
485,793,000
000,000,000
000,000,000
000,000,000
Scope 2
-
-
-
-
Scope 3
-
-
-
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Flex Lng's primary industry is Inland water transportation services, which is high in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Flex Lng is in GB, which has a low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Flex Lng is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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