2023 Sustainability Report

SUSTAINABILITY

Creating a
lasting impact
in communities, our workforce,
and the world

At New Fortress Energy (NFE), we are proud of the role we play in meeting emerging global energy challenges. Our recent actions are part of our ongoing mission to deliver clean, reliable, and affordable energy to those in need worldwide. We believe that by doing this, we can help alleviate energy poverty while still advancing the transition to clean energy.

2023 ESG Cover

2023 Sustainability Report

Our 2023 Sustainability Report showcases our advancements in creating a more sustainable and responsible future. As global energy demands continued to shift in 2023 due to supply change disruptions, geopolitical unrest, and climate change, NFE has continued to respond with flexibility to these challenges while remaining steadfast in our commitment to meeting emerging energy needs, developing key infrastructure, and providing the logistics required to expedite the energy transition.

2023 ESG Photo

Throughout 2023, we continued making progress on our commitments to the environment, local communities, and our employees, including:

Investing in cleaner energy: We advanced NFE’s Fast LNG (FLNG) technology which enables us to mobilize quickly to convert natural gas to LNG in either a land- or marine-based environment to meet growing demands for energy. We also continued to improve our LNG transportation infrastructure and expand our power production capacity, particularly with the development of emergency power generation in Puerto Rico.

Enhancing our GHG profile and reporting: Reflecting the significant growth in the amount of energy we moved in 2023 to respond to global needs, we increased our operating carbon intensity by 10 percent over the prior year. However, we continue to maintain a 82 percent reduction in carbon intensity from our 2020 baseline.  We continue to evaluate and implement practices to reduce Scope 1 and 2 GHG emissions as well as to reduce the physical and transition risks we face from the impacts of climate change.

Protecting our environment: For the sixth year in a row, we achieved our goal of zero reportable spills to the environment.  We also expanded our leak detection and repair (LDAR) programs to additional operating sites.  In 2022, we piloted an NFE-community emergency response initiative in Jamaica, and in 2023, based on the results of that pilot program, we implemented the initiative at additional locations.

ESG - Community

Ensuring the safety of our people and communities: In 2023, we once again achieved zero significant health and safety incidents and maintained our injury frequency rate below industry average globally. We established a program within NFE University to execute enhancements to training programs on a rolling basis to ensure regular, companywide updates. We also enhanced the means by which hazards and risks are identified and controls are implemented to meet the challenges of new lines of operation including FLNG, vessel operation, and hydrogen projects.

Creating an inclusive, engaging workplace for our employees: In 2023, we created 205 full-time jobs globally, with a focus on hiring locally. To further support the development of our employees, we implemented a new human capital management platform to improve capabilities for talent assessment, learning and development, and people analytics.  We also expanded healthcare benefits, including a holistic health program to encourage healthy eating and exercise. To simultaneously engage our employees and give back to our communities, we held volunteer events in each major location globally and continued our holiday charity matching program.

Supporting the communities in which we operate: Investing in education, workforce development, and community well-being in the areas where we operate remains a core focus for NFE. In 2023, these efforts included supporting over 9,000 students through financial aid, sponsorship of STEM activities, and investments in schools and teachers in Jamaica and Mexico; donating food and supplies to 1,800 families across our geographical borders; improving community health by providing eye screenings to 300 children and families in Brazil; and developing the local workforce by providing internships and professional courses for over 200 students in Jamaica and Brazil.

2023 ESG Report

Maintaining good governance practices: In 2023, we began the implementation of the Oracle NetSuite (ERP) system to support operations, finance, and governance functions. We implemented automated compliance training on LRN Corporation’s platform and provided global compliance training across various disciplines (e.g., anti-corruption, anti-money laundering and sanctions) in multiple languages, using automated tracking to allow targeted follow-up and ensure maximum employee participation. We also improved our vendor recertification process to reduce vendor response time and enhance the efficiency of our internal tracking. We continued to train employees on cybersecurity risks through periodic testing and achieved a phishing click rate below 10%.