Climate Change Data

SeaBird Exploration Plc

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:354 Metric tonnes CO2-eq
Scope 1 Emissions:354 Metric tonnes CO2-eq

ESG Focus Areas

  • Climate change
  • Environmental protection
  • Employee health and safety
  • Human and labor rights
  • Diversity and equality
  • Ethical business conduct
  • Anti-corruption
  • Sustainable supply chain practices

Environmental Achievements

  • Zero oil or environmental spills in 2022
  • 45 survey shutdowns due to sighting protected species

Social Achievements

  • Zero Lost Time Incidents (LTI) in 2022
  • Three first aid cases and one medical treatment case in 2022 (related to poor situational awareness)
  • 4.5% women in offshore workforce in 2022
  • 40% women in office workforce in 2022
  • 50/50 gender distribution in management team

Governance Achievements

  • Implementation of a Whistleblowing Policy
  • Mandatory anti-corruption training for all personnel
  • Supplier audits (four companies audited in 2022)
  • No facilitation payments made in 2022
  • No port calls in countries ranked in the bottom 20 of Transparency International's Corruption Perception Index in 2022

Climate Goals & Targets

Medium-term Goals:
  • Implement sustainable practices in operations (reducing waste, using eco-friendly materials, recycling)
  • Collaborate with stakeholders (governments, NGOs, local communities)
  • Encourage sustainability in the supply chain
Short-term Goals:
  • Reduce greenhouse gas emissions by implementing measures such as using more efficient engines and reducing fuel consumption

Environmental Challenges

  • Challenges linked to capital allocation and optimization of company capacity
  • Inertia in market pricing due to project economics
  • Timely return of questionnaires for supply chain due diligence
  • Predominantly male workforce in the maritime industry
Mitigation Strategies
  • Right-sizing cost levels, upgrading capacity, amending operating model, rearranging funding structure
  • Debt reduction (42% of bank debt paid down in 9 months)
  • Development of a questionnaire to address forced labor, child labor, and other human rights violations, as well as environmental risks and impacts
  • Commitment to achieving gender parity

Supply Chain Management

Supplier Audits: 4 companies audited in 2022

Responsible Procurement
  • Code of Conduct
  • Due diligence investigation of potential partners
  • Screening of key suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Oil spills
  • Pollution

Reporting Standards

Frameworks Used: GRI, UN Global Compact

Certifications: ISO 14001:2015, ISO 9001:2015, ISO 45001:2018, ISM Code, MLC 2006

UN Sustainable Development Goals

  • SDG 3 (Good Health and Well-being)
  • SDG 4 (Quality Education)
  • SDG 8 (Decent Work and Economic Growth)
  • SDG 12 (Responsible Consumption and Production)
  • SDG 13 (Climate Action)
  • SDG 14 (Life Below Water)
  • SDG 16 (Peace, Justice and Strong Institutions)

SeaBird Exploration's Sustainability Strategy is based on the United Nations Global Compact's ten principles and aims to contribute to the achievement of the SDGs.

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:24192 tCO2e/year
Scope 1 Emissions:24192 tCO2e/year

ESG Focus Areas

  • Climate Change
  • Environmental Protection
  • Health and Safety
  • Human Rights
  • Diversity and Inclusion
  • Governance
  • Anti-Corruption

Environmental Achievements

  • Zero oil or environmental spills in 2023
  • 57 instances where seismic surveys were temporarily halted due to the presence of protected species
  • Eagle Explorer retrieved over 44 instances of debris for proper disposal
  • Contributed to an OBN/source project in Malaysia expected to reduce carbon dioxide volumes emitted via flaring by 3.3 million tonnes of CO2 equivalent per year

Social Achievements

  • Zero Lost Time Incidents (LTI) and zero recordables in 2023
  • Four first aid incidents in 2023, all associated with poor situational awareness
  • Compliance with the Maritime Labour Convention (MLC 2006) on all vessels
  • Special agreement with the International Transport Workers' Federation (ITF) to regulate seafarer working conditions
  • Office gender distribution: 38% women, 62% men; Offshore gender distribution: 3%

Governance Achievements

  • Established a zero-tolerance policy against bribery and corruption
  • No facilitation payments made in 2023
  • No instances of non-monetary sanctions imposed on the company in 2023
  • Mandatory anti-corruption training for all personnel
  • Robust policies and procedures for incident reporting and follow-up
  • Whistleblowing Policy implemented

Climate Goals & Targets

Long-term Goals:
  • Minimize greenhouse gas emissions
  • Integrate sustainable practices into operations
  • Foster collaboration with stakeholders
  • Advocate sustainability in the supply chain

Environmental Challenges

  • Managing emissions, discharges, and spills that could pose environmental and ecological hazards
  • Potential risks related to discharges and spills
  • Potential ecological threats posed by the discharge of ballast water containing harmful aquatic species
  • Ghost nets and marine debris
  • Acoustic noise generated by seismic vessels on marine animals
  • Inherent safety and security hazards associated with offshore operations
Mitigation Strategies
  • Comprehensive environmental policy encompassing environmental due diligence, carbon dioxide emissions, sulphur oxide emissions, nitrous oxide emissions, waste management, and spill prevention
  • Adherence to the Ship Energy Efficiency Management Plan (SEEMP) and a robust accident reporting system
  • ISO-certified Safety Management System aligning with the International Safety Management Code (ISM)
  • Preventive measures and procedures to mitigate the risk of oil spills, including Shipboard Oil Pollution Emergency Plans (SOPEPs) and crew training
  • Adherence to the International Maritime Organisation's (IMO) Ballast Water Management Convention, employing authorised Ballast Water Management Plans and Ballast Water Management Systems (BWMSs)
  • Active retrieval and disposal of ghost nets and marine debris
  • Specific operating protocols when navigating through environmentally sensitive areas
  • Deployment of protective species observers and passive acoustic monitoring
  • Zero-accident policy and strict compliance with the ISM Code
  • Comprehensive procedures to assess all known threats to ships and crew
  • Culture of reporting accidents, events, and near misses

Supply Chain Management

Responsible Procurement
  • Due diligence on potential collaborators to assess risk of corruption or human rights issues
  • Screening key suppliers (shipping agents, commercial agents) and mandating completion of a due diligence checklist

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, UN Global Compact, Sustainable Development Goals (SDGs)

Certifications: ISO

UN Sustainable Development Goals

  • SDG 3
  • SDG 4
  • SDG 5
  • SDG 8
  • SDG 10
  • SDG 12
  • SDG 13
  • SDG 14
  • SDG 16

The report mentions alignment with several SDGs throughout the text.