Noble Corporation plc
Climate Impact & Sustainability Data (2020, 2022)
Reporting Period: 2020
Environmental Metrics
Total Carbon Emissions:413,628 tCO2e/year
Carbon Intensity:Increased from 67.57 tons to 75.44 CO2e/operating day (2019-2020).
ESG Focus Areas
- Environmental Stewardship
- Social Responsibility
- Governance
Environmental Achievements
- Reduced CO2e gas emissions by 13.3% (413,628 tons in 2020 compared to 477,295 tons in 2019 for the same rigs in operation).
Social Achievements
- Reduced total recordable incident rate by 38% since the prior year, with zero lost-time incidents in 2020.
- Increased SAFE days to 98.6% in 2020 (up from 2019).
- Successfully continued operations during the COVID-19 pandemic while maintaining employee safety.
- Provided 52,901 hours of training in 2020.
Governance Achievements
- Successfully completed financial restructuring and emerged from Chapter 11 with a de-levered balance sheet.
- Maintained strong corporate governance and high ethical standards.
- Annual review of Noble’s Code of Conduct by the Nominating, Corporate Governance and Sustainability Committee.
Climate Goals & Targets
Short-term Goals:
- Reduce 2021 handrail costs by 5% below budget.
- Reduce overall fleet downtime year-over-year.
- Increase Women in the Workforce: Enhance recruitment and retention of women company-wide. Establish fast-track management program for women; engage and retain four female program participants in 2021, 2022, and 2023. Increase number of women employed offshore by 50% per year each in 2021, 2022 and 2023.
- Increase rig crew nationalization for zones of operation in Guyana and Saudi Arabia.
Environmental Challenges
- Corporate restructuring in response to challenging market conditions.
- Shortages of qualified personnel during periods of high demand.
- COVID-19 pandemic and its impact on operations and employee well-being.
Mitigation Strategies
- Successful completion of financial restructuring.
- Proactive measures to protect employees and customers during the COVID-19 pandemic (pre-screening, PPE, quarantine, remote work).
- Investment in training and development programs to attract and retain skilled personnel.
Supply Chain Management
Responsible Procurement
- Contractual commitments and communication of expectations to suppliers to ensure systems and processes to monitor, identify and assess potential risks, and mitigate and eliminate the risk of slavery and human trafficking.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI
Certifications: ISO 14001:2015
Sustainable Products & Innovation
- eBOP™ electrically-powered actuator design.
- Noble Globetrotter drillships with improved fuel efficiency.
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Decarbonization
- Health and Safety
- Diversity, Equity and Inclusion (DEI)
Environmental Achievements
- 94% reduction of CO₂ emissions on Noble Interceptor when running engines on 100% sustainable diesel during a pilot test in 2022.
- 14 rigs rolled out digital monitoring tools to improve energy efficiency.
- Achieved carbon storage at the Nini field (Project Greensand) - a world first for cross-border CO2 transport for offshore storage.
Social Achievements
- 37% increase in Guyanese workforce in 2022.
- 11 female crew members hired on the Noble Developer, exceeding the target.
- 39,513 workflows completed in the Control of Work application.
- 109,358 toolbox talks recorded in the Control of Work system.
Governance Achievements
- Established a dedicated Safety & Sustainability Board Committee.
- Formalized sustainability governance setup.
- Integrated sustainability-related advancements into executive and employee compensation.
Climate Goals & Targets
Environmental Challenges
- Cost premium and limited availability of sustainable diesel.
- Industry-specific challenge of gender diversity offshore.
- Need to integrate ESG reporting from two legacy companies.
Mitigation Strategies
- Collaboration with customers to explore alternative fuels (green methanol).
- Pilot program with Women Offshore Foundation to increase gender diversity on Noble Developer.
- Consolidating reporting data setups from two legacy companies.
Supply Chain Management
Responsible Procurement
- Supplier Day in Suriname