In 2024, Hess Midstream completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).
However, Hess Midstream has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 479,446a | 486,869a | 404,479a | |
Total Scope 2 | ||||
Market-Based | 0a | 0a | 0a | |
Location-Based | 359,557a | 305,956a | 286,761a | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 321.366a | 361.6886a | 317.6869a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Hess Midstream amounted to 839,003 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Hess Midstream increased by 5.82%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Hess Midstream were 479,446 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Hess Midstream's Scope 1 emissions have decreased by 24.14%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Hess Midstream's Scope 1 emissions decreased by 1.52%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Hess Midstream reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 359,557 tCO₂e using the location-based method.a
Since 2019, Hess Midstream's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 20.48%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Hess Midstream's Scope 2 emissions (Location-Based) rose by 17.52% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Hess Midstream reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Hess Midstream reported Scope 1 greenhouse gas (GHG) emissions of 479,446 tCO₂e and total revenues of USD 1,492 millions. This translates into an emissions intensity of 321.37 tCO₂e per millions USD.a
In 2024, Hess Midstream reported a Scope 1 emissions intensity of 321.37 tCO₂e per millions USD. Compared to the peer group median of 651.49, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Hess Midstream ranked 7 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Hess Midstream is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a