Hess Midstream, a prominent player in the Other Business Services sector, is headquartered in the United States and operates primarily in key regions across North Dakota and Texas. Founded in 2014, the company has rapidly established itself as a leader in midstream services, focusing on the transportation, processing, and storage of hydrocarbons.
Hess Midstream's unique offerings include a comprehensive suite of services that cater to the evolving needs of the energy sector, ensuring efficient and reliable operations. With a commitment to sustainability and innovation, the company has achieved significant milestones, positioning itself as a trusted partner in the industry. Its strategic infrastructure and operational excellence have garnered recognition, solidifying Hess Midstream's reputation as a vital contributor to the energy landscape.
-6 vs industry average
Hess Midstream’s score of 26 is lower than 45% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has increased its overall emissions by 24% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Hess Midstream's reported carbon emissions
Hess Midstream, a US-based entity in the other business services sector, has reported its greenhouse gas (GHG) emissions from 2018 to 2023. In 2023, the company's total GHG emissions were approximately 792,825,000 kg CO2e, encompassing Scope 1 and Scope 2 emissions. Scope 1 emissions for 2023 were approximately 486,869,000 kg CO2e, and Scope 2 emissions (location-based) were approximately 305,956,000 kg CO2e. Looking back, total Scope 1 and 2 emissions were approximately 691,240,000 kg CO2e in 2022 and approximately 703,792,000 kg CO2e in 2021. In 2020, the total Scope 1 and 2 emissions were approximately 867,730,000 kg CO2e, and in 2019, they were approximately 930,449,000 kg CO2e. The highest reported total Scope 1 and 2 emissions were approximately 930,449,000 kg CO2e in 2019, with Scope 1 emissions alone reaching approximately 632,000,000 kg CO2e in the same year. For 2018, total emissions were approximately 738,637,000 kg CO2e, with Scope 1 accounting for approximately 520,027,000 kg CO2e and Scope 2 for approximately 218,610,000 kg CO2e (market-based). Hess Midstream is committed to achieving net zero Scope 1 and 2 GHG emissions on an equity basis by 2050. The company has not disclosed Scope 3 emissions data for the reported years, and certain Scope 3 categories such as purchased goods and services, business travel, and employee commute are noted as missing.
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Hess Midstream’s Climate Goals (2030 & 2050)
2 goals2050
Hess has made a commitment to achieve net zero Scope 1 and 2…
Hess has made a commitment to achieve net zero Scope 1 and 2 greenhouse gas (GHG) emissions on an equity basis by 2050.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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