- Climate change mitigation – financial risk from the increasing environmental regulations that may result in our vessels being non-compliant
- Climate change mitigation – negative impact from GHG emissions (C02 and CH4) from our vessels transporting LNG and across our value chain
- Energy – negative impact from our own operations from our consumption of both renewable and non-renewable sources of energy
- Biodiversity loss – financial loss, reputational damage and legal repercussions from possible contribution to biodiversity loss
- Pollution of air – impacts from air pollutants from our operations
- Pollution of water – impact on water arising from emissions and other pollutants generated from our operations, which may be harmful to bodies of water
- Substances of concern – pollution to the environment from our value chain such as vessel construction, operations or waste management
- Biodiversity loss – impact on biodiversity loss through changes in land, fresh water, and sea use, introduction of invasive species, exploitation of wildlife, and GHG emissions and pollution
- Impacts on species and habitats – impact related to the risk of affecting species through habitat destruction, restriction of movement, wildlife interference and introduction of invasive species and pests
- Ship construction – possible impact from resource use, particularly in steel, fossil fuels, chemicals, and paint for ship construction
Cool Company Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Cool Company Ltd. disclosed greenhouse gas emissions of 982.9K tCO2e/year. By scope: Scope 1: 791.2K tCO2e/year; Scope 2: 16 tCO2e/year; Scope 3: 248.6K 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
982.9K tCO2e/year
2023
Waste
2.6K m3/year
2023
Energy Use
3.5K GWh/year
2023
📊 Emissions by Scope (2023)
| 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). | 791.2K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 16 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 248.6K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- 24% reduction in carbon intensity (vs 2019 AER compared to 35% target by 2030)
- Achieved B fleet CII rating
- Zero spills
- General waste reduced by 19% (from 2021)
- Invested $80 million in upgrading five vessels with cargo sub-coolers and hull air lubrication systems
🎯 Climate & Sustainability Targets
📅 Medium-term
- 35% reduction (AER) in Scope 1 carbon intensity by 2030 (vs 2019 baseline)
🌱 ESG Focus Areas
Climate changePollutionBiodiversity and ecosystemsCircular economyOwn WorkforceWorkers in the value chainCorporate cultureCybersecurityCorruption and briberyProtection of whistleblowers