Hess Midstream Sustainability Profile
Hess Midstream LP, a prominent player in the midstream sector, is headquartered in the United States and operates primarily in the Bakken region of North Dakota. Founded in 2014, the company has rapidly established itself as a leader in providing integrated midstream services, including natural gas processing, crude oil transportation, and water services. Hess Midstream's unique approach combines advanced technology with a commitment to operational excellence, ensuring efficient and reliable service delivery. The company has achieved significant milestones, including strategic partnerships and expansions that enhance its market position. With a focus on sustainability and innovation, Hess Midstream continues to set industry standards, making it a key contributor to the energy landscape in North America.
DitchCarbon Score
How does Hess Midstream'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 Business Services 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
Hess Midstream's score of 30 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hess Midstream's reported carbon emissions
In 2022, Hess Midstream reported significant carbon emissions, totalling approximately 2,231,000,000 kg CO2e for Scope 1 and about 436,000,000 kg CO2e for Scope 2 emissions globally. The company also disclosed Scope 3 emissions, which included about 46,580,153,000 kg CO2e from the use of sold products and approximately 1,664,035,000 kg CO2e from the processing of sold products. In the US specifically, Scope 1 emissions were about 1,829,026,000 kg CO2e, with Scope 2 emissions at approximately 436,000,000 kg CO2e. Despite these figures, Hess Midstream has not set specific reduction targets or initiatives as part of their climate commitments. The company has not disclosed any Science-Based Targets Initiative (SBTi) reduction targets or other formal climate pledges. This lack of defined targets may reflect the broader industry context, where many companies are still developing comprehensive strategies to address climate change. Overall, Hess Midstream's emissions data highlights the scale of their carbon footprint, while their absence of reduction commitments indicates an area for potential improvement in their sustainability strategy.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,422,944,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 2 | 295,661,000 | 000,000,000 | 00,000,000 | 00,000,000 | 000,000 | - |
| Scope 3 | 43,664,051,000 | - | - | - | - | 00,000,000,000 |
How Carbon Intensive is Hess Midstream's Industry?
How Carbon Intensive is Hess Midstream's Location?
Hess Midstream's Scope 3 Categories Breakdown
Hess Midstream's Scope 3 emissions, which increased by 10% last year and increased by approximately 10% since 2017, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 97% of Scope 3 emissions.
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Hess Midstream'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.
Hess Midstream 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.
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