Flex Lng Sustainability Profile
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.
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.
Industry Benchmark
Flex Lng's score of 18 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Flex Lng's reported carbon emissions
In 2023, Flex LNG reported total carbon emissions of approximately 745,186,000 kg CO2e, all of which fall under Scope 1 emissions. This represents a decrease from 2022, when emissions were about 800,461,000 kg CO2e, and from 2021, which recorded approximately 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 part of their climate commitments. There are no documented climate pledges or SBTi (Science Based Targets initiative) reduction targets currently in place. The emissions data is sourced directly from Flex LNG Ltd., with no cascading from a parent or related organization. Flex LNG's commitment to reducing carbon emissions aligns with industry standards, but further transparency regarding future reduction strategies would enhance their climate action profile.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 485,793,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | - | - |
| Scope 3 | - | - | - | - |
How Carbon Intensive is Flex Lng's Industry?
How Carbon Intensive is Flex Lng's Location?
Flex Lng'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.
Flex Lng 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.
