FLNG Flex LNG Ltd.

Flex LNG: 2019 Annual ESG Report

Flex LNG: 2019 Annual ESG Report

Hamilton, Bermuda, April 17, 2020

Flex LNG Ltd. (OSE/NYSE: FLNG) today release its 2019 Annual ESG Report. This is our second edition of our ESG report after the inaugural report in 2018 and we this year have enhanced the forward looking perspective. The report contains key information about our commitment to the Environment, Social development and Governance issues.

The ESG report is prepared in accordance with the Marine Transportation framework established by the Sustainability Accounting Standards Board (SASB). It is based on the NASDAQ ESG Reporting Guide 2.0 and Euronext Guidelines to issuers for ESG reporting. The report is also prepared in line with the disclosure requirements of the UN Global Compact.

The ESG report attached is also available on the company's website

“LNG is more important than ever as a transition and transportation fuel. Not only does it reduce the global warming gas, CO2, by about 50% compared to coal, but it also provides significant higher reduction in air pollutants like SOx, PMx and NOx (85-99%) which cause respiratory illnesses. Our fleet of ships are also the largest and most efficient ships which use almost half as much fuel as the steam ships while carrying about 30% larger parcel sizes.” 

Øystein M. Kalleklev, Chief Executive Officer of Flex LNG Management AS

For further queries, please contact: Thorolf Aurstad, SVP Finance Tel:

Attachment

EN
17/04/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Flex LNG Ltd.

ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Martin Mauseth
  • Petter Haugen
ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Martin Mauseth
  • Petter Haugen
ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Martin Mauseth
  • Petter Haugen
ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Martin Mauseth
  • Petter Haugen
Jørgen Lian
  • Jørgen Lian

Another abrupt change

The US Trade Representative on 17 April published revised US port fees with significant changes to the initial proposal based on industry feedback. In its current form, the fees will primarily discourage use of Chinese-controlled maritime trade services to the US, and directly affect the use of Chinese-built vessels in US ports (with several considerable exemptions to avoid harm to US trade). The previous broader fees based on fleet composition and share of Chinese-built vessels has been scrappe...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch