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Chart Industries releases sustainability report and ESG metrics

Published by , Editorial Assistant
Hydrocarbon Engineering,

Chart Industries Inc., a global manufacturer of liquefaction and cryogenic equipment serving multiple applications in the clean energy and industrial gas end markets, has released its 2020 environmental, social and governance (ESG) performance report, which is contained as a supplement to this release, and can be accessed here. As part of the report, carbon reduction efforts, diversity and inclusion initiatives and safety records are highlighted, as well as detailing examples of how customers are helped to achieve their own sustainability goals.

Chart aims to be at the forefront of the clean energy transition as a provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas, carbon capture and water treatment, amongst other applications. Reporting ESG performance is one of the ways Chart aims to demonstrate accountability and transparency to team members, suppliers, customers, shareholders and communities. Highlights of the ESG efforts are outlined here:

  • Chart team members achieved the lowest total recordable incident rate (TRIR) in Chart history in 2020.
  • A target has been set to reduce carbon intensity 30% by 2030 and specific initiatives have been put in place to help meet this goal. In 2020, progress was made towards achieving this target by reducing GHG Intensity by almost 6.0% y/y.
  • In 2020, Chart reduced Scope 1 and Scope 2 emissions by 8.5% and 8.9%, respectively, while reducing total energy consumption by almost 16.0%.
  • An ESG component was introduced to the short-term incentive awards for 2021, directly tying executive compensation with ESG goals.
  • Chart aim to help customer achieve their own sustainability targets in a number of different ways whether that’s through reducing the amount of plastic used in packaging to lowering greenhouse gas emissions by enabling the transition towards cleaner fuels.
  • Chart contributes to several of the United Nations Sustainable Development Goals, including Clean Water and Sanitation (SDG 6), Affordable and Clean Energy (SDG 7), Decent Work and Economic Growth (SDG 8), Responsible Consumption and Production (SDG 12) and Climate Action (SDG 13).
  • Through the use of Riskmethods analytics, Chart are proactively monitoring the supply chain in order to identify risks early and ensure proper governance in our client and supplier network.

“Our team is working to minimise our carbon intensity and footprint globally, and have made significant progress toward our 30% carbon reduction by 2030,” stated Jill Evanko, Chart Industries President and CEO. “Using metrics from the SASB and TCFD indices, we are well on our way to carbon neutrality by 2050, working hand in hand with our stakeholders.”

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