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 27 is higher than 54% 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 total carbon emissions of approximately 2,231,000,000 kg CO2e for Scope 1 and about 436,000,000 kg CO2e for Scope 2 globally. In the US, the company’s Scope 1 emissions were approximately 1,829,026,000 kg CO2e, with Scope 2 emissions at about 436,000,000 kg CO2e. The company also disclosed Scope 3 emissions of approximately 48,200,000 kg CO2e, which included significant contributions from the use of sold products (about 46,580,153,000 kg CO2e). Hess Midstream has set ambitious climate commitments, aiming to achieve net zero Scope 1 and 2 greenhouse gas emissions on an equity basis by 2050. This long-term target reflects the company's commitment to reducing its carbon footprint and aligns with industry standards for climate action. The targets were established in 2023 and are part of a broader strategy to enhance sustainability practices within the organisation. Overall, Hess Midstream's emissions data and climate commitments demonstrate a proactive approach to addressing climate change, with a clear focus on achieving significant reductions in greenhouse gas emissions over the coming decades.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,422,944,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 295,661,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | - |
| Scope 3 | 43,664,051,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Hess Midstream's Industry?
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Hess Midstream's Scope 3 Categories Breakdown
Hess Midstream's Scope 3 emissions, which increased by 11% last year and decreased by approximately 100% since 2017, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 2% of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 96639% 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.
