Climate Change Data

Environmental Metrics

ESG Focus Areas

• Health and Safety
• Labour Practices and Human Rights
• Energy Transition
• Ecological Impacts
• Operational Eco-Efficiency
• Business Ethics
• Diversity and Inclusion
• Investing in our People

Environmental Achievements

• Recycled 76% of onshore waste and segregated 61% of non-hazardous offshore waste for recycling.
• Scope 1 CO2 emissions totalled 410,446 tonnes (2019: 432,733 tonnes), a reduction of 22,287 tonnes.
• 3,322 Clean Operations resulting in a reduction of carbon emissions by 29,264 tonnes.

Social Achievements

• 5,153 employees completed compliance and ethics e-learning including anti-corruption training (100% of target population).
• 6,660 suppliers had contracts including human rights clauses or underwent human rights screening.
• Developed a global wellbeing framework and provided employees access to online learning resources.

Governance Achievements

• Implemented a new platform to enhance the risk assessment and due diligence screening of third parties.
• Increased the number of employees who completed e-learning on ethics, compliance and integrity.

Climate Goals & Targets

Environmental Challenges

• Covid-19 impact on operations and employee wellbeing.
• Reducing operational greenhouse gas emissions.

Mitigation Strategies

• Evolved business continuity plans in response to Covid-19.
• Commissioned a study on converting part of the fleet to hybrid power.
• Developed a Carbon Estimator tool to measure the environmental impact of products and solutions.

Supply Chain Management

Supplier Audits: 6,660 suppliers with contracts including human rights clauses or underwent human rights screening

Responsible Procurement

• Code of Conduct for Suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: ISO 14001

Third-party Assurance: DNV GL

Environmental Metrics

ESG Focus Areas

• Health, safety and wellbeing
• Energy transition
• Labour practices and human rights
• Business ethics
• Operational eco-efficiency
• Ecological impacts

Environmental Achievements

• 74,288 tonnes reduction in CO2 emissions from Clean Operations
• 66% of total electricity consumption was generated from renewable energy tariffs

Social Achievements

• Launched a Company-wide wellbeing framework
• Increased internal advertising of senior roles to ensure equal opportunities
• Introduced the new “Career Development Conversation” to support employee career planning

Governance Achievements

• Established a dedicated workgroup to address the recommendations of the Task Force for Climate-related Financial Disclosures
• Engaged GoodCorporation™ to perform independent assessments of the anti-bribery/anti-corruption programme

Climate Goals & Targets

Environmental Challenges

• Increased lost-time injury rate due to disrupted travel, extended quarantine, and unfamiliar crew mates
• Increased overall fuel usage and emissions due to increased active vessel days and transit days

Mitigation Strategies

• Focused campaign to reduce dropped objects
• Enhanced self-verification process for safety practices
• Company-wide wellbeing framework
• Digital optimisation of fleet power management, lower-carbon fuels, and use of electric battery hybrid power

Supply Chain Management

Responsible Procurement

• Code of Conduct for Suppliers
• Sustainability issues included in supplier approval process
• Risk methodology for supplier assessment based on country risk and type of materials/services

Climate-Related Risks & Opportunities

Opportunities

• Growth in renewables business
• Development of decarbonisation solutions

Reporting Standards

Frameworks Used: UN Global Compact, TCFD

Certifications: ISO 14001:2015

Third-party Assurance: DNV GL

Environmental Metrics

ESG Focus Areas

• Health, safety and wellbeing
• Energy transition
• Labour practices and human rights
• Business ethics
• Operational eco-efficiency
• Ecological impacts

Environmental Achievements

• Reduced CO2 emissions from energy efficiency initiatives by 98,744 tonnes
• 73% of onshore electricity consumption from renewable energy tariffs
• Successfully completed first clean fuel trial on Seven Oceanic
• 85% of total onshore waste recycled

Social Achievements

• LTIF of 0.01
• 83% of relevant employees trained on human rights
• Launched a mental wellness platform in the Gulf of Mexico region
• Launched a Company-wide Diversity & Inclusion (D&I) framework

Governance Achievements

• 86% of the business covered by an independent anti-corruption compliance programme assessment
• 91% of medium and high-risk suppliers assessed for corruption risk

Climate Goals & Targets

Environmental Challenges

• Scope 1 emissions increased in 2022 due to increased operational activity and the addition of six heavy transportation vessels.
• Supply chain represents an estimated 70% of overall greenhouse gas emissions.

Mitigation Strategies

• Investing in fleet to reduce emissions (hybridisation of Seven Arctic, clean fuel trials)
• Engaging with key suppliers to reduce scope 3 emissions and develop common ambitions.
• Developing a Carbon Management System to measure and report full carbon footprint.

Supply Chain Management

Supplier Audits: 91% of medium and high-risk suppliers assessed for corruption risk in 2022

Responsible Procurement

• Code of Conduct for Suppliers
• Enhanced human rights risk assessment and due diligence questionnaires for medium- and high-risk suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather, floods

Transition Risks

• Emerging regulation, changes in greenhouse gas emissions legislation, regulation and supervision of climate-related risk in the financial sector, technology risk

Opportunities

• Growth in offshore wind (fixed and floating), growth in emerging energies (CCUS, hydrogen), development of new products/services for lower-carbon solutions

Reporting Standards

Frameworks Used: UN Global Compact, EU Non-Financial Reporting Directive, EU Taxonomy, TCFD

Certifications: ISO 37001 (Subsea 7 (UK Service Company) Limited)

UN Sustainable Development Goals

• UN SDG Target 3.8
• UN SDG Target 8.8
• UN SDG Target 7.3
• UN SDG Target 9.1
• UN SDG Target 13.1
• UN SDG Target 8.7
• UN SDG Target 12.6
• UN SDG Target 16.3
• UN SDG Target 9.4
• UN SDG Target 13.3
• UN SDG Target 12.5
• UN SDG Target 14.3
• UN SDG Target 14.A

The report maps its sustainability priorities against the most relevant UN Sustainable Development Goals.

Sustainable Products & Innovation

• Hybridisation of Seven Arctic
• BORAbox® sensors

Environmental Metrics

ESG Focus Areas

• Health, safety and wellbeing
• Energy transition
• Labour practices and human rights
• Business ethics
• Operational eco-efficiency
• Ecological impacts
• Diversity and inclusion
• Human capital development
• Responsible supply chain management
• Community impact and relationships

Environmental Achievements

• Recycled 91% of total onshore waste generated and segregated 71% of total offshore waste generated for recycling
• Zero significant (>10m3) hydrocarbon spills recorded
• CO2 emissions reduced from energy efficiency initiatives: 113,934 tonnes
• Fuel saved from energy efficiency initiatives: 43,499 m³

Social Achievements

• Launched onshore Women in Business Programme and held three Offshore- Women’s Forums
• 244 new graduates hires, 41% of whom were female
• 98% relevant employees trained on human rights

Governance Achievements

• 100% proportion of the business covered by an independent anti-corruption compliance programme assessment
• New Board appointments strengthen oversight of key topics
• Completed a double materiality assessment

Climate Goals & Targets

Environmental Challenges

• Reduction of emissions is a key and challenging target. The largest emissions reduction impact will come from alternative clean fuel, that today is not available at scale and cost to be widely used.
• Market volatility in offshore wind impacted by economic and policy conditions.
• Project economics remain a key barrier to the pace of development in floating wind.

Mitigation Strategies

• Implementing changes and solutions available today focused around hybridisation and shore power, alternative fuels and energy sources, and digital efficiency.
• Steering towards a more sustainable risk/reward balance between client and contractor in fixed wind.
• Maturing technologies and solutions to support lower-cost offshore floating wind developments through several studies.

Supply Chain Management

Supplier Audits: 98% medium- & high-risk suppliers assessed for corruption risks

Responsible Procurement

• Code of Conduct for Suppliers
• Compliance risk assessments and due diligence using Exiger

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact, TCFD, EU Taxonomy, EU Corporate Sustainability Reporting Directive (CSRD)

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 37001 (Anti-Bribery Management System Standard)

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 8 (Decent work and economic growth)
• Goal 9 (Industry, innovation and infrastructure)
• Goal 13 (Climate action)
• Goal 14 (Life below water)

Mapping of sustainability priorities against UN SDGs

Sustainable Products & Innovation

• Electrically Heat-Traced Flowline (EHTF®)
• Power buoys
• Riser monitoring

Awards & Recognition

• Gender Equality Award from the City of Suresnes (France)
• Recognised as one of the safest contractors by North Oil Company (Qatar)