Climate Change Data

Helix Energy Solutions Group, Inc.

Climate Impact & Sustainability Data (2020, 2022)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Safety
  • Sustainability
  • Value Creation
  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Zero significant spills in 2019

Social Achievements

  • 51% year-over-year reduction in high potential incidents
  • 14% year-over-year improvement in Total Recordable Incident Rate
  • Zero work-related fatalities

Governance Achievements

  • Active Board and Senior Executive Oversight of our anti-corruption program

Climate Goals & Targets

Environmental Challenges

  • COVID-19 pandemic
  • Oil price volatility
Mitigation Strategies
  • New strategies and procedures to prioritize employee health and safety
  • Compliance with safety protocols (testing and mask-wearing)

Supply Chain Management

Responsible Procurement
  • Commitment to prohibiting child or forced labor
  • Providing fair and equitable wages and benefits

Climate-Related Risks & Opportunities

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:227,919 tCO2e/year
Scope 1 Emissions:224,374 tCO2e/year
Scope 2 Emissions:645,000 tCO2e/year
Scope 3 Emissions:3,250 tCO2e/year
Renewable Energy Share:0.03%
Total Energy Consumption:3,328,006 GJ/year
Water Consumption:111,058 m3/year
Waste Generated:729 m3/year
Carbon Intensity:300 tCO2e per million $ revenue

ESG Focus Areas

  • Safety
  • Sustainability
  • Value Creation
  • Energy Transition
  • Climate Change
  • Emissions Reduction
  • Human Capital Management
  • Corporate Governance

Environmental Achievements

  • 12.20% reduction in CO2e (mT) Per Day Under Charter from 2019 baseline
  • 0 Significant Environmental Spills
  • 53% Renewable Energy Trenching Projects
  • 55% Renewable Energy ROV Projects
  • Q7000 vessel hull cleaning resulting in 5-7% fuel reduction during transit
  • Aberdeen office transitioned to biomethane gas, estimated 80t CO2e per year savings

Social Achievements

  • 0 Lost Time Incidents (LTIs)
  • 0 Work-Related Fatalities
  • Launched employee well-being program (EAP)
  • Hosted "Girls in Energy" event in Aberdeen
  • Implemented Women’s LEAD Employee Resource Group

Governance Achievements

  • 88% of Board is Independent
  • 38% Female Board Members
  • 100% Independent Board Committees
  • Separate Board Chairman and Chief Executive Officer
  • ESG key performance indicators included in executive compensation

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Convert Helix-controlled electrical usage globally to renewable supply
Short-term Goals:
  • Reduce Scope 1 CO2e emissions Per Day Under Charter 10% below 2019 baseline by 2024
  • Reduce Scope 2 CO2e emissions 10% below 2019 baseline by 2024
  • Reduce Scope 3 CO2e emissions 5% below 2019 baseline by 2024

Environmental Challenges

  • Increased GHG emissions with increased vessel utilization
  • Maintaining a flat attrition rate in a tight labor market
  • Implementation costs for new technologies to reduce emissions
  • Severe weather implications
  • Global supply chain disruptions
Mitigation Strategies
  • Focus on CO2e Emissions Per Day Under Charter
  • Competitive compensation and benefits, training and development
  • Evaluation of investment ROI for emission reduction technologies
  • Contingency plans for severe weather
  • Collaboration with customers and vendors

Supply Chain Management

Supplier Audits: Annual audits on select critical suppliers and vendors

Responsible Procurement
  • Supplier and Vendor Expectations; Code of Business Conduct and Ethics; Human Rights Policy; Anti-Corruption Policy

Climate-Related Risks & Opportunities

Physical Risks
  • Severe weather
Transition Risks
  • Regulatory compliance
  • Client requirements
  • Implementation costs
Opportunities
  • Energy efficiency improvements
  • Decommissioning services
  • Renewable energy support

Reporting Standards

Frameworks Used: TCFD, SASB, GRI

Certifications: ISO 14001 (Well Ops U.K. and Helix Robotics Solutions EWA)

Third-party Assurance: Internal Audit and Financial Reporting teams

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 13 (Climate Action)

Initiatives to reduce emissions and transition to renewable energy

Sustainable Products & Innovation

  • IROV Subsea Intervention Tool

Awards & Recognition

  • Petrobras "Best Supplier of the Year 2021"