Climate Change Data

Prosafe SE

Climate Impact & Sustainability Data (2019, 2020, 2021, 2022, 2023)

Reporting Period: 2019

Environmental Metrics

Total Carbon Emissions:130,744 tCO2e
Scope 1 Emissions:71.43 tCO2e per contract day
Scope 2 Emissions:156.5 tCO2e
Scope 3 Emissions:3,193 tCO2e
Total Energy Consumption:541,063 kWh
Water Consumption:123,245 m3
Waste Generated:1235.81 tons

ESG Focus Areas

  • Climate change
  • Employee well-being
  • Responsible business conduct

Environmental Achievements

  • Zero reportable discharges to the natural environment
  • Replacement of older engines with low NOx engines resulting in a reduction of diesel and lub oil consumption

Social Achievements

  • Increased share of women in the workforce to 26.0% from 11.3% in 2018
  • Zero Lost Time Injuries (LTI)

Governance Achievements

  • Implemented mandatory e-learning programs on UN – the fight against corruption and cyber security awareness; 78% and 59% completion rates respectively.
  • Established a Safety, Sustainability and Ethics Committee

Climate Goals & Targets

Medium-term Goals:
  • Reduce sick leave to <3%
  • Reduce TRIF to <4
  • Reduce fuel consumption by 5% from 2014-2018 average
Short-term Goals:
  • Reduce CO2e for each vessel per contract day by 5% from 2014-2018 average
  • Reduce NOx for each vessel per contract day by 5% from 2014-2018 average
  • Reduce Energy Consumption Onshore by 5% based on previous year
  • Achieve 100% completion rate for mandatory e-learning programs

Environmental Challenges

  • Weaker market outlook and reduced demand for Prosafe’s services leading to employee turnover
  • Increased NOx emissions due to larger number of operations in DP mode
Mitigation Strategies
  • Offered voluntary redundancy packages to employees
  • Implementing new technology and refurbishing equipment to reduce emissions
  • Providing more comparable data based on individual vessel contract days

Supply Chain Management

Supplier Audits: 3 in 2019

Responsible Procurement
  • Prosafe Approved Supplier Verification Questionnaire

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact, Norwegian Accounting Act section 3-3c, Norwegian Shipowners’ Association’s guidelines for ESG reporting in Maritime Industries

UN Sustainable Development Goals

  • SDG 3
  • SDG 8
  • SDG 13
  • SDG 14

Prosafe aims to align its responsibility goals with SDGs 3, 8, 13, and 14.

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:57,075 tCO2e
Scope 1 Emissions:57,075 tCO2e
Scope 2 Emissions:145 tCO2e
Scope 3 Emissions:1,785 tCO2e
Total Energy Consumption:261,253 kWh (onshore)
Water Consumption:44,289,000 litres (offshore)
Waste Generated:6.36 tons (onshore), 959 tons (offshore)

ESG Focus Areas

  • Climate change
  • Employee well-being
  • Responsible business conduct

Environmental Achievements

  • Zero reportable discharges to the natural environment
  • Replacement of older engines with low NOx engines resulting in reduced diesel and lub oil consumption

Social Achievements

  • Reduced employee turnover from 19.2% in 2019 to 8.06% in 2020
  • Zero lost time injuries (LTIs)

Governance Achievements

  • 88% completion rate for UN anti-corruption e-learning program (increased from 78% in 2019)
  • 91% completion rate for cybersecurity awareness e-learning program (increased from 59% in 2019)
  • Implementation of a whistleblowing policy

Climate Goals & Targets

Medium-term Goals:
  • Further reduce emissions through technology implementation and equipment refurbishment
  • Implement ISO 50001 Energy Management system
Short-term Goals:
  • 100% completion of mandatory e-learning programs

Environmental Challenges

  • Low activity and restrictions caused by the Covid-19 pandemic impacting supplier audits
  • Reduced demand for Prosafe’s services leading to organizational adjustments and employee reductions
Mitigation Strategies
  • Offered voluntary redundancy packages to employees
  • Implemented a simplified integrated management system for ISO 45001 compliance
  • Initiated ISO 50001 Energy Management system implementation

Supply Chain Management

Supplier Audits: 0 in 2020 due to Covid-19

Responsible Procurement
  • Prosafe Approved Supplier Verification Questionnaire

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Norwegian Accounting Act section 3-3c, Norwegian Shipowners’ Association’s guidelines for ESG reporting in Maritime Industries, UN Global Compact’s requirements for communication on progress, Norwegian Code of Practice for Corporate Governance

Certifications: ISO 14001, ISO 45001

UN Sustainable Development Goals

  • SDG 3: Good health and wellbeing
  • SDG 8: Decent work and economic growth
  • SDG 13: Climate action
  • SDG 14: Life below water

Prosafe aims to align its responsibility goals with these SDGs

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:100,678 tCO2e (Scope 1)
Scope 1 Emissions:100,678 tCO2e
Scope 2 Emissions:0.6 tCO2e
Scope 3 Emissions:1,965 tCO2e
Renewable Energy Share:100% in Norway office
Total Energy Consumption:92,738 kWh (onshore)
Water Consumption:94,236,000 liters (offshore)
Waste Generated:2,959 tons
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate change
  • Employee well-being
  • Responsible business conduct

Environmental Achievements

  • Zero accidental discharges to the sea and zero accidental emissions to the air in 2021.
  • Achieved ISO 50001 certification for energy management in January 2022.
  • Initiated projects to reduce fuel consumption by 10-15% on two vessels.

Social Achievements

  • Zero lost-time injuries (LTIs) in 2021.
  • Reduced sick leave to 0.27% in 2021.
  • Conducted two global employee engagement surveys.

Governance Achievements

  • Implemented an online whistleblowing tool.
  • No corruption-related legal actions in 2021.
  • Continued focus on anti-corruption and anti-bribery training.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • 50% lower fuel consumption by 2030
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Higher than target employee turnover (11.23%) due to uncertainty related to Covid-19 and financial restructuring.
  • Increased waste generation due to vessel lay-up and special surveys.
Mitigation Strategies
  • Initiatives to attract and retain personnel, including remote work and flexible hours.
  • Active monitoring and management of all areas of absence.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Prosafe Approved Supplier Verification Questionnaire

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: UN Global Compact, Norwegian Accounting Act section 3-3c, Norwegian Shipowners’ Association’s guidelines for ESG reporting

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 50001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • SDG 3
  • SDG 8
  • SDG 13
  • SDG 14

Prosafe aims to align its responsibility goals with these SDGs.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:120,040 tonnes CO2e
Scope 1 Emissions:24,368 tonnes CO2e
Scope 2 Emissions:20 tonnes CO2e
Scope 3 Emissions:95,652 tonnes CO2e
Renewable Energy Share:1.95%
Total Energy Consumption:7,748,716 GJ
Water Consumption:Not disclosed
Waste Generated:4,499 tons
Carbon Intensity:60.5 tonnes CO2e per operating day

ESG Focus Areas

  • Climate Change and the Energy Transition
  • Health & Safety
  • Responsible Business Conduct
  • Energy Management
  • Diversity & Equality
  • Supply Chain Management
  • Data Security & Privacy
  • Air Emissions
  • Employee Development
  • Anti-Corruption & Anti-Bribery
  • Ecological Impact
  • Human Rights & Labour Practices
  • Emergency Preparedness

Environmental Achievements

  • Achieved certification to ISO 50001 energy management standard.
  • Introduced the ability for two DP vessels to operate using two engines instead of three, providing fuel savings of up to 15% when in use.
  • No reportable discharges to the natural environment.

Social Achievements

  • Recorded zero Lost Time Injuries (LTIs).
  • Sick leave was 1.31%.

Governance Achievements

  • Improved whistleblowing channels by adding an online reporting tool.
  • No legal action taken against it related to corruption.

Climate Goals & Targets

Long-term Goals:
  • 50% reduction in total emissions by 2050
  • 70% in emission intensity by 2050
  • Zero emissions as soon as possible within this century
Medium-term Goals:
  • 50% reduction in emission intensity by 2030
Short-term Goals:
  • Increase the effectiveness of two-engine operation on DP vessels.

Environmental Challenges

  • Increased GHG emissions due to a 23.5% increase in operating days.
  • Increased energy consumption due to a 23.5% gain in the number of operating days.
  • Increased waste generated due to a 23.5% increase in the number of operating days.
  • Increased sickness absence (1.31%) compared to the previous year (0.27%), attributable to the lifting of Covid-19 restrictions.
  • Voluntary employee turnover increased to 20.6% in 2022 from 11.2% in 2021, mainly due to short-term contracts.
Mitigation Strategies
  • Implementing energy-efficient technologies and promoting energy-saving behaviors.
  • Working with stakeholders to increase the effectiveness of the two-engine operation on DP vessels.
  • Investigating energy storage systems for DP vessels.
  • Closely monitoring and managing absence and supporting employees in returning to work.
  • Addressing the increase in voluntary employee turnover by focusing on long-term contracts and employee satisfaction.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Prosafe Approved Supplier Verification Questionnaire (ASVQ)

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather
  • Disruption in operations
Transition Risks
  • Regulatory changes
  • Market shifts
  • Carbon costs
  • EU ETS
Opportunities
  • Becoming the recognized low carbon operator
  • Access to green finance
  • Adoption of new technologies

Reporting Standards

Frameworks Used: SASB, GRI

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 50001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • SDG 3
  • SDG 8
  • SDG 13
  • SDG 14

Prosafe's contribution to relevant SDGs is detailed in the report.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:95,525 tonnes CO2e/year
Scope 1 Emissions:41,431 tonnes CO2e/year
Scope 2 Emissions:14 tonnes CO2e/year
Scope 3 Emissions:54,080 tonnes CO2e/year
Renewable Energy Share:0%
Total Energy Consumption:575,279 GJ (includes Prosafe fuel consumed (Scope 1) and electricity purchased (scope 2))
Water Consumption:Not disclosed
Waste Generated:2,463 tons/year
Carbon Intensity:71.0 tonnes CO2e per operating day

ESG Focus Areas

  • Climate Change and the Energy Transition
  • Air Emissions
  • Energy Management
  • Ecological Impact
  • Health & Safety
  • Employee Development
  • Diversity & Equality
  • Human Rights & Labour Practices
  • Responsible Business Conduct
  • Anti-Corruption & Anti-Bribery
  • Supply Chain Management
  • Data Security & Privacy
  • Emergency Preparedness

Environmental Achievements

  • Reduced total GHG emissions (Scope 1+2+3) to 95,525 tonnes CO2e (115,556 in 2022)
  • Continued efforts to reduce energy consumption onboard vessels and maintained ISO 50001 certification
  • Two DP vessels can operate using two engines instead of three in normal conditions, resulting in fuel savings

Social Achievements

  • Increased female offshore employees from 5.1% in 2022 to 8.4% in 2023
  • Launched a standalone Diversity, Equity and Inclusion Policy
  • Reduced voluntary employee turnover to 15.78% (20.6% in 2022)
  • Employee satisfaction survey showed 43.1% strongly agreed and 39.1% agreed they would recommend Prosafe as a good place to work

Governance Achievements

  • Completed several significant sustainability projects including materiality review, climate risk review, independent GHG emissions accounting, and human rights risk assessment
  • Updated sustainability reporting to reflect SASB standards
  • Implemented an online reporting tool for safe, anonymous whistleblowing

Climate Goals & Targets

Long-term Goals:
  • 50% reduction in total emissions by 2050
  • 70% reduction in emission intensity by 2050
  • Zero emissions as soon as possible within this century
Medium-term Goals:
  • 50% reduction in emission intensity by 2030
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Lower than expected vessel utilization (41% in 2023) due to low activity in the North Sea and the impact of the UK windfall tax
  • Cost escalations and schedule overruns in mobilization projects
  • One reportable discharge of 2.7 m3 to the natural environment
  • One Lost Time Injury Incident
Mitigation Strategies
  • Reorganized and strengthened the technical and operational structure to minimize risk of similar developments in future projects
  • Raised capital through two share issues to maintain a robust financial position
  • Continued efforts to reduce emissions and improve energy efficiency
  • Thoroughly investigated incidents to identify root causes and share findings across the fleet

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Prosafe Approved Supplier Verification Questionnaire (ASVQ)

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather
  • Disruption in operations
Transition Risks
  • Regulatory changes
  • Market shifts
  • Carbon costs
  • Changes in customer requirements
Opportunities
  • Becoming the recognised low carbon operator
  • Access to green finance
  • Adoption of new technologies

Reporting Standards

Frameworks Used: SASB, GRI, TCFD

Certifications: ISO 45001, ISO 50001, ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • SDG 3
  • SDG 8
  • SDG 13
  • SDG 14

Prosafe's contribution to relevant SDGs is detailed in the report.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed