Climate Change Data

Geoquip Marine

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:29913.12 tCO2e (Scope 1 & 2 combined)
Scope 1 Emissions:24622.14 tCO2e
Scope 2 Emissions:5290.98 tCO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:100% in Bristol Office
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Biodiversity
  • Waste Management
  • Health and Safety
  • Employee Well-being
  • Ethical Supply Chain
  • Corporate Governance

Environmental Achievements

  • Reduced carbon emissions by 12.3% across the fleet.
  • Power upgrade to Dina Polaris, removing two diesel generators and powering the deck rig from the ship's supply (projected 60 metric tons of CO2 saved per month).
  • Updated Environmental Policy Statement to include sustainability measures and targets.
  • Pilot study of a new water filtration system onboard Geoquip Seehorn to reduce plastic bottle use.
  • Corporate membership with Marine Mammal Observer Association (MMOA).

Social Achievements

  • Zero lost-time injuries in 2023.
  • Implemented a new Learning Management System (LMS) with 3,400 internal training courses completed.
  • Increased annual leave to 25 days and enhanced healthcare benefits.
  • Introduced the ‘People and Culture’ Team to improve communication and employee engagement.
  • Improved employee satisfaction survey results (eNPS of +44).

Governance Achievements

  • Restructured Senior Management Team and ExCom.
  • Became a corporate member of the UN Global Compact.
  • Expanded the ESG Committee to include wider departmental representation.
  • Conducted 44 external audits and inspections across the fleet.
  • Completed 32 management visits to vessels to improve engagement.

Climate Goals & Targets

Long-term Goals:
  • Net Zero emissions by 2040.
Medium-term Goals:
  • Taiwan and US Offices to reach Net Zero by 2025-2030, followed by UK, Swiss, Cornish Offices and Bristol Laboratory.
  • Invest in initiatives to make fleet more sustainable (2030-2035).
Short-term Goals:
  • Achieve >90% employee retention in 2024.
  • Achieve >90% Group Training Compliance by end of 2024.
  • Reduce vessel emissions by 10% annually.

Environmental Challenges

  • A spillage of <1m³ during sludge disposal involving a contractor.
  • Lower than desired employee retention rate (87.2%).
  • Low gender diversity (12%).
  • Failure to reach Group Training Compliance target of >75% in 2023.
Mitigation Strategies
  • Investigating improved contractor management to enhance environmental performance.
  • Setting a target of >90% employee retention for 2024 and identifying key areas of focus.
  • Focusing on gender diversity as a key area for improvement in 2024.
  • Actively working to achieve a new goal of >90% Group Training Compliance by the end of 2024.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Stringent criteria and ethical standards for supplier selection.
  • Contracts with clauses outlining expectations regarding environmental performance, labour practices, and ethical behaviour.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Improved vessel efficiency

Reporting Standards

Frameworks Used: SASB

Certifications: ISO 14001 (mentioned in training)

Third-party Assurance: Ensure Environmental (Henry Lang)

UN Sustainable Development Goals

  • SDG 3, 7, 11, 12, 13, 14, 16

Aligned with Geoquip Marine's business model and operations.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Finalist in the 2023 Ground Engineering Awards in the Award for Digital Innovation category