- Lingering effects of the 2022 economic crisis
- Subdued demand for LPG in the first half of the year
- Significant price volatility due to monthly price revisions and VAT on LPG
- Slowdown in global trade affecting transport and logistics
- Competitive pressures from potential large regional players
LAUGFS Gas PLC
Greenhouse gas emissions & sustainability report data
In its 2023-04 to 2024-03 reporting, LAUGFS Gas PLC disclosed greenhouse gas emissions of 1.8M + 315877 + 129502 = 2250460 tCO2e/year. By scope: Scope 1: 1.8M tCO2e/year; Scope 2: 315.9K tCO2e/year; Scope 3: 129.5K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
1.8M + 315877 + 129502 = 2250460 tCO2e/year
2023-04 to 2024-03
Water Usage
11.5K m3/year
2023-04 to 2024-03
Waste
80.0K kg/year
2023-04 to 2024-03
Energy Use
258.1M MJ/year
2023-04 to 2024-03
📊 Emissions by Scope (2023-04 to 2024-03)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.8M tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 315.9K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 129.5K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-04 to 2024-03 | 1.8M + 315877 + 129502 = 2250460 tCO2e/year |
| 2022-04 to 2023-03 | 1.1M tCO2e/year (Scope 1); 180561 tCO2e/year (Scope 2); 1817 tCO2e/year (Scope 3) |
| 2021-04 to 2022-03 | 1.5M tCO2e/year (Scope 1); 270173 tCO2e/year (Scope 2); 145749 tCO2e/year (Scope 3) |
| 2020-04 to 2021-03 | 4.5M + 531962 + 4193057 = 9187254 tCO2e/year |
| 2019-04 to 2020-03 | 5.3M tCO2e (Scope 1) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 99% of materials used (other than LPG) were recycled
- 4,788 m3 waste water discharged
🎯 Climate & Sustainability Targets
🔜 Short-term
- Improve margins derived through competitive sourcing efficiencies
- Disciplined cash flow management to reduce borrowings
- Expand strategic partner networks to strengthen island-wide availability and reach
- Implement digital tracking of LPG cylinders
📅 Medium-term
- Explore and diversify into new regions to cater LPG solutions
- Increase vessel capacity in the LAUGFS Maritime Sector
- Expansion of the storage capacity of the Hambantota terminal up to 60,000 MT
- Implement a formal Supplier Code of Conduct
- Implement a fully-fledged sales force automation system
🔭 Long-term
- Invest in innovative solutions, cleaner technologies, and sustainable practices to contribute to a greener maritime future
- Expand the current LPG storage capacity of 30,000MT to 60,000MT with the expectation of handling and discharging VLGCs at Hambantota port
🌱 ESG Focus Areas
Environmental ResponsibilityEmployee Safety and WellbeingCommunity WellbeingGood Governance and ComplianceSupply Chain Dynamics