- Unprecedented extreme weather conditions.
- Shortage of energy supply in Europe in 2022, leading to increased harbour and manoeuvring time, negatively impacting CII.
- Climate change posing physical, technological, regulatory, and reputational risks.
- Sanctions and cybercrime risks.
- Bribery and corruption risks.
- Human rights risks related to shipbuilding, ship repairs, dry-docking, sale of ships, ship recycling, and crew.
FLEX LNG Ltd.
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, FLEX LNG Ltd. disclosed greenhouse gas emissions of 800.5K tCO2e/year. By scope: Scope 1: 800.5K tCO2e/year; Scope 2: 9.4 tCO2e/year; Scope 3: 1.2K 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
800.5K tCO2e/year
2022
Energy Use
14.8M GJ/year
2022
📊 Emissions by Scope (2022)
| 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). | 800.5K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 9.4 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.2K 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 |
|---|---|
| 2022 | 800.5K tCO2e/year |
| 2019 | 225.8K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Achieved an overall weighted average carbon intensity rating of B under the CII in 2022 (based on DNV verified data).
- Full digitalisation of ship performance and emission data via Veracity platform.
- EEXI compliance achieved.
- CII roadmaps established for each vessel.
- EU ETS readiness.
- Investment in edge computing and digital twins for all vessels.
- Agreement with Arundo for gas management and machine learning to improve efficiency and reduce fuel emissions.
- Zero oil spills or other releases to the environment in 2022.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce waste disposal by 3% in 2023 against 2022 baseline; aim to halve waste disposal by 2029.
📅 Medium-term
- Achieve an A-rating under CII.
🔭 Long-term
- Further optimisation of fleet and operations in a cost-efficient and sustainable way.
🌱 ESG Focus Areas
Climate-related risksDirect emissionsEnergy mixMarine casualties involving crew and assetsCorruption riskShip recyclingSpills and releasesCompensation and remunerationTraining – compliance training and training on board (e-based)