Excelerate Energy's Vision: A Commitment to Sustainability Progress

Excelerate Energy's Sustainability Report and Commitment

Excelerate Energy, Inc. (NYSE: EE) recently unveiled its 2023 Sustainability Report, emphasizing the company’s unwavering dedication to sustainability and addressing global energy challenges. Titled “Waves of Change: Embarking on a Sustainable Future,” the report showcases Excelerate's efforts to make liquefied natural gas (LNG) more accessible while minimizing its environmental impact.

Highlights from the 2023 Sustainability Report

This report serves as a vital documentation of Excelerate's strategies and commitments during the year 2023. It highlights the company's transparency efforts with environmental disclosures aimed at reducing carbon emissions and promoting responsible resource management.

• Excelerate boasts enhanced transparency through detailed disclosures on environmental efforts and sustainability practices.
• A strong focus on social responsibility is demonstrated with new data disclosures regarding the well-being of both onshore and offshore employees, showcasing the company’s commitment to their duty of care.
• The report also marks the achievement of significant safety milestones, with the company surpassing five million hours of work without a lost time incident. This demonstrates Excelerate’s dedication to maintaining a safe work environment.
• Additionally, the implementation of a Supply Chain Code of Conduct indicates Excelerate’s commitment to fostering sustainable practices among its supply partners.

Insights from Leadership

Steven Kobos, President and CEO of Excelerate Energy, expressed pride in the publication of the annual sustainability report. He emphasized the company's mission to support communities worldwide in achieving energy security, combating energy poverty, and navigating the complexities of the energy transition.

The Core Values of Excelerate Energy

At Excelerate, sustainability is woven into the fabric of its operations. Kobos highlighted core principles such as Stewardship, Accountability, Improvement, and Leadership, which drive the company's approach to operations and community engagement.

Compliance with Global Standards

Excelerate's sustainability report complies with the Global Reporting Initiative (GRI) Standards – Core option and is aligned with both the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD). This compliance reflects a commitment to global best practices in sustainability reporting and accountability.

The Future of Energy and Excelerate's Role

The impact of climate change poses a significant challenge worldwide. Excelerate Energy aims to provide cleaner energy alternatives through its LNG services. By expanding access to reliable LNG solutions, the company enhances energy availability while being cognizant of its environmental responsibilities.

About Excelerate Energy

Excelerate Energy, based in The Woodlands, Texas, is an innovator in the LNG industry. The company provides a wide array of flexible services addressing different stages of the LNG value chain, from regasification to supply network development. With locations in key cities around the world, Excelerate strives to deliver dependable LNG solutions that cater to diverse customer needs.

Commitment to Global Standards

Excelerate’s dedication to sustainability reflects its alignment with global standards and frameworks aimed at fostering environmental consciousness. These efforts not only benefit the communities where it operates but contribute to the broader goal of a sustainable future in energy.

Frequently Asked Questions

What is the focus of Excelerate Energy's 2023 Sustainability Report?

The report emphasizes the company's initiatives toward sustainability and its efforts to make LNG more accessible while reducing environmental impacts.

How does Excelerate Energy prioritize safety in its operations?

Excelerate has achieved significant safety milestones, including over five million hours of work without a lost time incident, showcasing its commitment to safe work practices.

What are some core values of Excelerate Energy?

The company’s core values include Stewardship, Accountability, Improvement, and Leadership, which guide its operations and community involvement.

How does the report align with global sustainability standards?

Excelerate's report adheres to GRI Standards, SASB, and TCFD guidelines, reflecting its commitment to transparency and accountability in sustainability.

How does Excelerate Energy aim to impact communities?

By providing reliable LNG solutions, Excelerate seeks to enhance energy security and reduce energy poverty in communities around the globe.

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