Fugro N.V.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:219 ktCO2e (Scope 1 & 2)
Scope 3 Emissions:Negligible
ESG Focus Areas
- Climate Change
- Diversity & Inclusion
- Sustainability
Environmental Achievements
- Reduction of CO2 emission intensity of vessels by 16%
- 120% growth in revenue from renewables market segment
Social Achievements
- Increased percentage of women in senior management positions to 22%
Governance Achievements
- Executive Compensation Linked To ESG: Yes (implied through sustainability-linked KPIs)
Climate Goals & Targets
Long-term Goals:
- Net zero carbon emissions scope 1 and scope 2 by 2035
Environmental Challenges
- Macro-economic developments (interest rate rises, supply chain challenges, energy costs, salary increases)
- Geo-political events (Russia-Ukraine conflict, Hamas-Israel conflict)
- Climate-related risks (vessel emissions, maritime fuels, EU Emission Trading System)
Mitigation Strategies
- Vessel conversion plans (hybrid technology)
- Transition plans to an uncrewed service vessel fleet
- Passing on rising cost burden to customers (where contract clauses allow)
- Creating onerous contract provisions for future project losses
- Monitoring market trends to reflect current conditions in new contracts and Master Service Agreements
Climate-Related Risks & Opportunities
Transition Risks
- Vessel emissions
- Maritime fuels
- EU Emission Trading System
Opportunities
- Growth in renewables market segment
Reporting Standards
Frameworks Used: IFRS-EU
Third-party Assurance: Ernst & Young Accountants LLP
Sustainable Products & Innovation
- Asset lighter and low carbon solutions