Cheniere Energy, Inc. published its 2021 Corporate Responsibility (CR) report, entitled Acting Today, Securing Tomorrow. The report details Cheniere’s approach and progress on environmental, social and governance (ESG) matters as the company continues to support the global need for secure, diverse energy supplies and the transition to a lower-carbon future. The report also highlights Cheniere’s contributions to energy security during a critical time in history, with approximately 75% of liquefied natural gas (LNG) volumes produced by Cheniere since the start of this year delivered to Europe.
“The Cheniere team achieved significant milestones across our ESG initiatives last year, further demonstrating our leadership and focus on being actionable, not aspirational,” said Jack Fusco, Cheniere’s President and CEO. “In fact, the progress we have made on climate and sustainability has enabled us to begin providing Cargo Emissions tags to our long-term customers this year. Our conviction in our LNG platform has never been stronger, and we look forward to continuing to lead the LNG industry on environmental transparency, providing the world with a cleaner, more secure, and reliable energy solution.”
Cheniere’s report aligns with recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), the Sustainable Accounting Standards Board (SASB) and other leading reporting standards. It focuses on six key areas – Climate, Environment, Health and Safety, Team, Communities and Governance.
Highlights from Cheniere’s 2021 CR report include:
• 17% of annual performance compensation scorecard for all employees tied to ESG metrics (increasing to 30% in 2022).
• 34% reduction in Scope 1 GHG emissions intensity since 2016.
• Published the first-of-its-kind, peer-reviewed greenhouse gas life-cycle assessment to improve emissions accounting.
• Initiated a unique quantification, monitoring, reporting and verification (QMRV) collaboration with natural gas suppliers and academic institutions.
• Announced the development of Cargo Emissions Tags (CE Tags).
• Further strengthened Cheniere’s Board of Directors by appointing two new female directors.
• Invested $5 million into community development projects in the areas where Cheniere employees live and work.