Hoegh Lng Sustainability Profile
Hoegh LNG Holdings Ltd., commonly referred to as Hoegh LNG, is a leading player in the global liquefied natural gas (LNG) industry, headquartered in Norway. Founded in 2006, the company has established a strong presence in key operational regions, including Europe, Asia, and North America, focusing on the transportation and regasification of LNG. Specialising in floating storage and regasification units (FSRUs) and LNG carriers, Hoegh LNG is recognised for its innovative solutions that enhance the efficiency and flexibility of LNG supply chains. The company has achieved significant milestones, including the successful delivery of multiple FSRUs, solidifying its market position as a trusted provider in the energy sector. With a commitment to sustainability and operational excellence, Hoegh LNG continues to play a pivotal role in the transition to cleaner energy sources.
DitchCarbon Score
How does Hoegh 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 Maritime 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
Hoegh Lng's score of 23 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hoegh Lng's reported carbon emissions
In 2023, Hoegh LNG reported total carbon emissions of approximately 952.8 million kg CO2e. This figure includes Scope 1 emissions of about 947.0 million kg CO2e, Scope 2 emissions of approximately 69,250 kg CO2e, and Scope 3 emissions of about 5.8 million kg CO2e. Comparatively, in 2022, the company recorded total emissions of approximately 818.3 million kg CO2e, with Scope 1 emissions at about 813.5 million kg CO2e, Scope 2 at approximately 70,600 kg CO2e, and Scope 3 at around 4.8 million kg CO2e. This indicates an increase in total emissions from 2022 to 2023. Hoegh LNG has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The company does not appear to have cascaded data from a parent organization, and all reported emissions data is directly sourced from Hoegh LNG. Overall, while Hoegh LNG has made strides in transparency regarding their emissions, the absence of reduction targets suggests a need for further commitment to climate action within the industry context.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 930,505,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | 00,000 | 00,000 |
| Scope 3 | - | - | 0,000,000 | 0,000,000 |
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Hoegh 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.
Hoegh 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.
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