Flex Lng
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 15 is higher than 86% 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 over the past few years, Flex LNG has not set specific reduction targets or climate pledges, indicating a lack of formal commitments to further decrease their carbon footprint. The company continues to focus on operational efficiency, as evidenced by their Average Efficiency Ratio (AER) metrics, which are aimed at optimising performance in their operations. Flex LNG's emissions data highlights their ongoing efforts to manage and reduce their environmental impact, although the absence of formal reduction targets suggests there is room for improvement in their climate commitments.
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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 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Flex Lng is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
