Our commitment

Sustainability is high on our agenda, and we firmly acknowledge our responsibility to drive the sustainability agenda through the development of our operations. Our core mission is to transition to a carbon-free energy future by supplying innovative and reliable floating infrastructure solutions, create value for customers, shareholders, employees, and the local communities in which we operate, including reducing our climate impact. We believe responsible business is fundamental to becoming a sustainable business. To Höegh LNG, sustainability is just good business. To make a positive contribution, manage risks and lead by example, we prioritize and focus on the key sustainability issues that are most relevant to us and our stakeholders. We have prioritised six Sustainable Development Goals (SDGs) where we believe we can have the most positive impact.

Highlights

Annual Efficieny Ratio
0,7

Annual Efficiency Ratio

Reduction (g CO2 / dwt x nm)

Safeguarding

Safeguarding

Introduction of "Duty of Care" and "Duty of Loyalty" principles

Organic waste
14%

Organic waste

Reduction

Equality
44%

Equality

Female employees onshore

Sustainability Reports

Our climate actions

Reducing GHG emissions represents an important opportunity to improve environmental performance, cut costs and drive business development. We have set an ambitious goal of reducing our total CO2 emissions by 50% by 2030, with a 2020 baseline.

All engines run on natural gas, which results in the lowest CO2 emissions of all commercially available marine fuels. We have also significantly reduced emissions by applying energy efficiency solutions and are continuing to develop and implement technological innovations on our vessel to reduce emissions.

We have implemented energy efficiency management plans for all our assets to monitor fuel consumption and share data with charterers. Our main efforts consist of configuring power production machinery, cargo management and keeping a close eye on hull performance. We also seek to reduce the boil-off gas from LNG cargo tanks through technical modifications and optimised operations.

Climate Action

Overall climate ambitions

  • Reduce carbon emissions with 30% by 2025
  • Reduce total carbon emissions by 50% within 2030 (2020 baseline)
  • Reduce carbon intensity by 40% within 2030 (2020 baseline)
  • Net zero by 2050

CO2 emissions (metric tonnes)

Climate Action Climate Action

TBC

Climate Action Baseline Climate Action Baseline

Our corporate governing documents

Garbage generated in 2021

Our environmental impact

Our goal is to always limit any negative impact our operations may have on marine ecosystems and biodiversity. Our attention is focused on minimising the risk of spills and the discharge of excess biocides and cooling water. All new FSRUs since 2011 are equipped with ballast-water treatment and anti-fouling systems. Preventing spills to sea is anchored in our policies.

An environmental and social impact assessment is conducted for all new terminals. We continuously monitor our performance to make sure we are prepared for any changes to environmental guidelines and regulations

All our vessels are certified in accordance with ISO 14001, the internationally recognised standard for environmental management systems. All FSRUs built after 2012 have an environmental class notation for ships designed, built, and operated to high environmental standards.

Waste management is an important part of limiting negative environmental impact. Our policy is zero waste to sea, and Höegh LNG is going over and beyond regulations to protect the oceans from waste and pollution. We have a strict garbage disposal policy stating that only organic waste can be discharged overboard, and no closer than 12 nautical miles from land.

Ambitions

  • Zero negative impact on oceans and local ecosystems

Generated waste in our fleet 2021 - Four top categories

Garbage generated Garbage generated

Our corporate governing documents

  • Environmental Policy
  • Fleet Operational Performance Monitoring Functional Policy
  • Ship Recycling Policy

Safeguarding our people and assets

Maintaining safe operations and minimising risk is the number one priority for Höegh LNG and is anchored in our occupational health, safety and working environment policy. We believe all incidents can and should be prevented.

Decent Work

The occupational health and safety management system covers all activities and operations on board our vessels and is applicable to all employees, visitors, clients and external service personnel. All vessel operations are certified to the IMO ISM code.

Our seafarers are involved in improving HSEQ performance and working conditions on board through participation in monthly safety meetings, safety campaigns and conferences. In addition, the health and well-being of our seafarers are ensured by annual, mandatory medical checks, the onboard availability of medical competence and equipment, as well as a welfare budget.

The health and safety standards we follow are based on risk management principles and focus on identifying hazards through a combination of experience, industry guidelines and requirements, as well as a structured hazard identification process.

Ambitions

  • Zero fatalities
  • A visible culture of promoting safety and human rights, without risk of forced work and ensuring the right of safe return to family after finishing work, for employees and suppliers

Lost time injury and total recordable incidents frequency (per million hours)

Climate Action Climate Action

Our corporate governing documents

  • HSE Policy
Decent Work and reduced inequalities

Our people - the key to success

Our people are key to the success of our business as they impact every part of it. We believe that diversity and inclusion are a source of competitive advantage and that employees from a range of backgrounds, working together and respecting one another’s values, leads to even better business results.

Ambitions

  • A visible culture of inclusion and quality in safe working conditions for employees and suppliers

Our corporate governing documents

Developing solutions to energy transition

Höegh LNG is actively seeking areas where we can contribute to the transition to a low carbon world while growing our business in a commercially sustainable manner.

Affordable and clean energy

We will continue our effort to seek areas to contribute to the transition to a low carbon world in the following ways:

  • Integration of existing terminals with onshore services with the aim of improving process efficiency, reducing emissions, and complementing renewables
  • Plan future terminal compatible with green hydrogen, green ammonia, e-fuels, or bio-LNG
  • Explore solutions for applying LNG technology to the CCS value chain

Ambitions

  • Preferred service provider in the zero-emission energy value chain
Peace Justice and Strong Institutions

Compliance, anti-corruption and business integrity

With operations worldwide, we face a variety of local regulations and practices, requiring that we pay great attention to ethical behavior, compliance, and risk mitigation. We are exposed to a variety of corruption and bribery risks both in obtaining new businesses and in its ongoing operations. We place great importance on only engaging in business with parties with comparable anti-corruption and ethical standards as ourselves. All business partners are required to sign the company`s supplier code of conduct.

Höegh LNG believes in collective action to achieve our ethical and compliance goals. We are an active member of the Maritime Anti-Corruption Network (MACN), which provides valuable insights into specific anti-corruption challenges in the maritime industry. As a member, HLNG is committed to implementing the MACN anti-corruption principles.

Ambitions

  • Retain a strong reputation of honesty and integrity in management practices and in business transactions
  • Be recognised as a socially responsible company by integrating social and environmental concerns in core business operations

Our corporate governing documents

  • Governance Principles Policy
  • Code of Conduct
  • Supplier Code of Conduct
  • Anti-corruption Compliance Procedure
  • Competition Compliance