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 49 is higher than 79% 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 2024, Flex LNG reported carbon emissions of approximately 4,300 kg CO2e in Scope 2 emissions from its operations in Great Britain. This marks a decrease from 9,400 kg CO2e in 2023, indicating a commitment to reducing its carbon footprint. On a global scale, the company disclosed total emissions of about 2,176,400,000 kg CO2e in Scope 1, 52,000 kg CO2e in Scope 2, and 82,500 kg CO2e in Scope 3 for the same year. Flex LNG has set ambitious long-term climate commitments, aiming for a 15% reduction in Carbon Intensity Indicator (CII) by 2026 and a 30% reduction by 2030, both compared to 2019 levels. The company has also pledged to achieve net-zero emissions by 2050. These targets reflect a proactive approach to sustainability and align with industry standards for climate action. The emissions data is sourced directly from FLEX LNG Ltd., with no cascaded data from parent organizations. Flex LNG's initiatives demonstrate a clear focus on reducing carbon emissions across all scopes, contributing to a more sustainable future in the maritime industry.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 485,793,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | 0,000 | 0,000 | 00,000 |
| Scope 3 | - | - | 00,000 | 00,000,000 | 000,000 |
How Carbon Intensive is Flex Lng's Industry?
How Carbon Intensive is Flex Lng's Location?
Flex Lng's Scope 3 Categories Breakdown
Flex Lng's Scope 3 emissions, which decreased by 98% last year and increased significantly since 2022, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Purchased Goods and Services" being the largest emissions source at 42% of Scope 3 emissions.
Top Scope 3 Categories
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.
