Golar LNG Limited.
GLNG.US | Sea and coastal freight water transport
Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged in the transportation, regasification, and liquefaction of LNG. The company operates through two main segments: Vessel Operations and FLNG. The Vessel Operations segment includes the ownership and operation of LNG carriers....Show More
Better Health for All
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Golar LNG's core business involves the transportation, regasification, and liquefaction of liquefied natural gas (LNG). The provided articles, primarily ESG reports, focus on the company's operational, environmental, and social performance, including extensive data on employee safety, environmental emissions, and community engagement. However, the company's products and services are not directly related to health outcomes, medical treatments, or preventative healthcare. The value 'Better Health for All' explicitly excludes workplace safety standards and environmental pollution control, which are the primary areas where Golar LNG's operations might indirectly intersect with health. Consequently, there is no direct evidence in the provided articles to assess Golar LNG against any of the specific KPIs under this value, as they are designed for companies with direct health-related products, services, or impacts.
Fair Money & Economic Opportunity
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Golar LNG Limited is a midstream liquefied natural gas (LNG) company, not a financial institution.
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Its core business involves the transportation, regasification, and liquefaction of LNG.
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The company does not offer lending, deposit, or other financial services to consumers or businesses that would fall under the scope of 'Fair Money & Economic Opportunity'.
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Therefore, all KPIs related to financial products, customer financial data, lending practices, and financial inclusion initiatives are not applicable to its operations.
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Fair Pay & Worker Respect
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No evidence available to assess Golar LNG Limited on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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Golar LNG has reported no substantiated forced or child labor findings in its Slavery and Human Trafficking Statement.
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The company requires all suppliers to sign its Supplier Code of Conduct, which includes human rights clauses, indicating 100% coverage of contracts with enforceable ethical-sourcing clauses.
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Honest & Fair Business
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Golar LNG Limited reports that six of its seven board members are independent according to Nasdaq standards, which equates to approximately 85.7% of the board.
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The company has adopted a code of conduct consistent with the FCPA and UK Bribery Act, but explicitly notes a risk of non-compliance.
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Golar Management AS holds ISO 9001, 14001, 45001, and ISM certifications, and undergoes external audits by Ernst & Young LLP.
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Kind to Animals
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No data relevant to the 'Kind to Animals' value or its associated KPIs was found in the provided articles. All articles either resulted in a 404 error or explicitly stated they did not contain information pertaining to this ethical value.
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No War, No Weapons
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Golar LNG switched its focus exclusively to LNG over 20 years ago.
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Consequently, there is no defense business for the board to oversee. The company supports the UN Global Compact and its principles,
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but third-party audits note major gaps in alignment. Golar has a Code of Conduct and Anti-bribery and Corruption policy,
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with mandatory online training for all staff,
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and encourages reporting breaches through a Speak Up Policy,
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achieving 100% compliance in core business operations. In 2024, Golar conducted four human rights audits covering local suppliers in Cameroon
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and incorporated human rights into all supplier audits.
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Risk-based due diligence is conducted prior to engaging with third parties,
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with ongoing screening and monitoring of existing third parties.
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In 2024, high-risk and high-spend suppliers were mapped and comprehensively evaluated,
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and annual human rights reviews are conducted across all high-risk zones with public summaries.
Planet-Friendly Business
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Golar LNG reported total Scope 1 greenhouse gas emissions of 584,778 metric tonnes of CO₂e in 2023.
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This represents a 15.75% decline from the 2022 Scope 1 emissions of 694,093 metric tonnes.
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While Scope 2 emissions were reported for 2022 (51 metric tonnes market-based),
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the 2023 report explicitly states no specific data on Scope 2 emissions,
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and Scope 3 emissions are not reported for either year.
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The company reported zero serious marine incidents, fatalities, and environmental fines in 2023,
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though one oil spill was recorded.
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Golar LNG has not provided TCFD disclosures, only a partial TCFD mapping without scenario analysis.
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Respect for Cultures & Communities
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No specific, concrete data points were found in the provided articles to assess Golar LNG Limited against any of the KPIs for 'Respect for Cultures & Communities'. Both articles indicated that no data was available for extraction.
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Safe & Smart Tech
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Golar LNG's IT Department was certified to ISO/IEC 27001:2013 for its Information Security Management System, covering IT services for the Golar group of companies.
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This certification was valid from July 27, 2020, until July 27, 2023, and is now expired.
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The company's privacy statement outlines user rights for its website and alerts service, including access, rectification, erasure, restriction, objection, and data portability, which can be exercised at any time.
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The company also states compliance with the General Data Protection Regulation (EU 2016/679), the Data Protection Act 2018, and the Privacy and Electronic Communications (EC Directive) Regulations 2003.
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Zero Waste & Sustainable Products
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Golar LNG's core business model for FLNGs involves repurposing existing LNG carriers, having converted seven vessels to date with an eighth underway in 2024.
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This approach adds decades to vessel life and reduces virgin material use, aligning with circular economy principles.
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The company's London office recycles over 90% of its waste.
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Golar aims to reduce total waste (oily and non-oily) by 20% compared to its 2019 benchmark.
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It has implemented LFC-50 biodigesters on three LNG carriers to convert food waste into grey water.
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Hazardous materials are meticulously identified following IMO IHM Guidelines and sent to government-approved disposal facilities.
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The company reported zero environmental fines.
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FLNG conversions utilize 30-40% less virgin steel than comparable newbuilds, and FLNG Hilli has been in continuous operation for seven years.
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Golar has a Supplier Code of Conduct that includes waste requirements for all tier-1 suppliers.
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Customer waste education includes improved 'what-goes-where' labels on recycling bins and an environmental day in Kribi, Cameroon, in 2024, which included donating recycling bins to local schools.
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