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2022 Sustainability report

Energizing Today, Empowering Tomorrow

Report Overview

At Excelerate Energy, we strive to achieve sustainable results by delivering what we promise; investing in our people, assets, and technology; and promoting a culture of safety, excellence, and environmental stewardship.

As our business and global presence expand, we are growing sustainably, while striving for a positive impact on the communities and ecosystems where we operate. In our inaugural Sustainability Report, we invite you to learn more about how Excelerate Energy is providing energy solutions the world needs—now and for the future.

Empowered To Support Tomorrow’s Energy Needs

Excelerate Energy is a leading provider of flexible LNG solutions that help deliver energy security, reduce energy poverty, and support the energy transition. The company's FSRUs are a flexible and affordable way to access global LNG supplies, and Excelerate Energy is committed to working with its customers to meet their energy needs in a sustainable way.

Modern life depends on energy. Excelerate Energy develops flexible LNG products that benefit customers in three critical ways:

  1. Delivering energy security: Excelerate Energy provides a flexible and reliable natural gas supply for countries that seek to ensure their energy security. This is especially important in light of the recent energy market disruptions caused by extreme weather, the COVID-19 pandemic, and geopolitical instability.
  2. Reducing energy poverty: Approximately 3 billion people worldwide lack access to modern energy sources. Excelerate Energy is committed to addressing energy poverty by providing low-cost, reliable LNG to communities around the globe.
  3. Supporting the energy transition: We believe LNG will play a critical role in the global transition to a lower-carbon future. Excelerate Energy is a trusted operator with a strong track record of bringing reliability, resiliency, and flexibility to energy systems. The company’s FSRUs are purpose-built to safely receive, transport, and vaporize LNG. This makes them a flexible and affordable solution for countries that need to access LNG supplies.

Excelerate Energy takes a regional approach to its corporate social responsibility (CSR) work. This means the company considers the geopolitical, economic, and cultural context of each of the communities where it operates. Excelerate forges strategic partnerships with trusted NGOs that contribute to public health, quality education, and sustainable ecosystems, while also supporting relief efforts when crises arise.

Empowered to Operate Responsibly

Our FSRUs are often long-term visitors in the ports where they moor. We put great effort into being a good neighbor, operating with the highest safety standards for our seafarers, minimizing our emissions, water, and waste footprint, and respecting the marine environment.

Excelerate Energy is taking steps to manage its own carbon footprint by monitoring, tracking, and reporting on its environmental performance and implementing energy management programs. The company is also committed to minimizing its environmental impact. 

Excelerate Energy’s FSRUs are designed to operate as self-contained systems for long periods of time, so it must sustainably and safely manage water and waste. The company has implemented environmental management practices to minimize the impact on the environment, including spill prevention, sewage treatment, waste reduction, and ballast water management.

Excelerate Energy is committed to protecting marine habitats. The company partners with  leading organizations to develop innovative solutions that minimize its impact on the environment. For example, Excelerate Energy has partnered with Cornell University and EOM Offshore to develop a state-of-the-art system that detects the presence of right whales in Massachusetts Bay. This system uses acoustic buoys to listen for the calls of right whales and then transmit their location in near real-time to local and federal agencies. This information is then made available to commercial and fishing vessels transiting the area, allowing them to adjust their course and speed to avoid possible whale strikes. Since the project was launched, whale strikes and entanglements have drastically reduced in the area where the buoys are deployed.

Empowering the Best Team

Excelerate Energy is committed and proud to have a strong, diverse, and purpose-driven team united behind our values. The company has a number of initiatives in place to support employee engagement and Diversity Equity and Inclusion (DEI).

Excelerate Energy has a diverse workforce with 890 employees worldwide, including 700 seafarers onboard its FSRUs and 190 onshore employees.

The company’s onshore employees are based at its corporate headquarters and regional offices worldwide, while its seafarers work aboard its FSRUs around the world.

Excelerate Energy places a high premium on attracting, developing, and retaining a talented and high-performing workforce. The company offers a variety of programs and benefits to its employees, including training and development opportunities, competitive salaries, and a strong commitment to safety.

Excelerate Energy is committed to creating a diverse, equitable, and inclusive workplace. Excelerate’s DEI Council works closely with the HR department and senior management to ensure DEI initiatives support recruitment, engagement, and retention efforts.  Excelerate is committed to supporting women and underrepresented groups in the energy industry. The company is recruiting and retaining more female seafarers to work aboard its global fleet of LNG vessels.

Empowered to Do What’s Right

Excelerate Energy is committed to conducting business with the highest ethical standards. The company has a Code of Conduct and Ethics that outlines its expectations for ethical behavior, and it requires all employees to complete training on the Code of Conduct. Excelerate also prohibits political donations and contributions to political parties or causes, and it regularly engages with government, agency, and regulatory partners to ensure ethical operation.

Supply Chain Code of Conduct Learn More

Human Rights Policy Learn More

Anti-Corruption Policy Learn More

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Excelerate Energy's Sustainability Report

Download the Report

Excelerate Energy is helping to meet the energy security needs of countries around the world, while supporting the transition to a clean energy future. We are proud to share more about our accomplishments in our inaugural Sustainability Report.