- Increased operational carbon intensity by 10% due to significant growth in energy supply.
- Short-term and long-term regulatory risks from increasing oversight of natural gas and LNG operations.
- Climate-related physical risks from extreme weather events due to coastal location of facilities.
- Market fluctuation risks from reduced demand for fossil fuels due to net-zero commitments.
- Cybersecurity threats amplified by geopolitical tensions and socioeconomic instability caused by climate change impacts.
New Fortress Energy Inc.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, New Fortress Energy Inc. disclosed greenhouse gas emissions of 4.5M tCO2e/year. By scope: Scope 1: 229.4K tCO2e/year; Scope 2: 20.8K tCO2e/year; Scope 3: 4.3M 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
4.5M tCO2e/year
2023
Energy Use
25.0M MWh/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). | 229.4K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 20.8K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 4.3M tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Achieved zero reportable spills for the sixth consecutive year.
- Expanded leak detection and repair (LDAR) programs to additional operating sites.
- Integrated water recycling system in Puerto Rico emergency power units to reduce water usage and emissions.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Maintain zero reportable spills.
- Expand LDAR programs to all applicable operational sites.
- Complete modifications to regasification system to increase efficiency and reduce emissions at La Paz facility.
- Implement solutions to replace municipal (potable) water use in fire protection systems at best candidate sites.
📅 Medium-term
- Achieve DQO (Chemical Oxygen Demand) at first FLNG facility.
- Begin licensing and construction of a hydrogen-associated facility.
- Conduct a formal Climate Change Risk Assessment (CCRA) for one facility and develop a facility-level climate mitigation strategy.
- Complete CCRA risk assessment process at additional facilities until all facilities under operational control are addressed.
🔭 Long-term
- Net zero emissions by 2030 (for legacy units; new facilities to pursue decarbonization to the greatest extent possible).
🌱 ESG Focus Areas
Climate ChangeEnvironmental ProtectionHealth and SafetyWorkforce Development and InclusionCommunity InvestmentGovernance and Compliance