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Sustainability
At SBM Offshore, we believe the oceans play a fundamental role in the sustainable future of our planet. As offshore pioneers with decades of experience delivering deepwater floating solutions, we have made it our mission to shape the blue economy by leveraging our proven capabilities responsibly.
We apply a double materiality analysis and stakeholder engagement to manage our impacts on environmental, societal, & governance (ESG) subjects. We carefully invest in actions linked to the United Nation’s Sustainable Development Goals with a specific and intentional attention to local impact.
This is why we commit to the TRUE. BLUE. TRANSITION.
At SBM Offshore, our ESG (environmental, social and governance) approach illustrates how we pursue our vision and strategy.
Our pioneering spirit has made who we are today. We are committed to the health, wellbeing, and fair treatment of our workforce, contractors, and the local communities where we operate. We take our environmental responsibilities seriously and endeavor to achieve no harm, defects, or leaks in our projects. We commit to ethical work practices in all areas and monitor our performance against industry-recognized standards.
Validating our approach and efforts on sustainability
To ensure our approach is valid from an external perspective, SBM Offshore is benchmarked every year by both the Climate Disclosure Project (CDP) and Sustainalytics.
It is important to us to see how we have performed in the eyes of others and adjust our approach according to the results of these benchmarks.
See our Performances
SDGs Targets
At SBM Offshore, we are committed to fostering safe, responsible, and affordable solutions while upholding strong Environmental, Social, and Governance (ESG) principles. Rooted in our vision and embedded in our strategy, sustainability is at the core of our operations, and we actively leverage the United Nations Sustainable Development Goals (SDGs) framework to guide our initiatives.
By aligning with these goals, we set targets, define actions, and transparently disclose our sustainability performance. This is exemplified in our Health, Safety, Security, Environment, Human Rights and Process Safety policy.
Sustainability PolicySDG3
Good Health and Well-Being
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2022 PERFORMANCE
72% of targeted employees participating in Health Check Program*, and
59% of targeted employees participating in Mental Health survey
2023 TARGETS
>70% participation in Health Check Program
CASE STUDIES
In 2021, tutorials were rolled out on mental health and well-being during the ongoing pandemic and In Kuala Lumpur employees distributed meals to local communities during Hari Raya and donated to provide COVID-19 protection equipment. In Guyana, SBM Offshore further supported its partnership with Plympton Farms, an innovative agricultural project that is turning barren earth into lucrative farmland, creating stable jobs for residents in more remote areas of the country
SGD4
Quality Education
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2022 PERFORMANCE
86.5% Climate change & energy transition awareness program for offshore community
2023 TARGETS
Complete climate change & energy transition awareness program for targeted operations community
CASE STUDIES
In Brazil, action is through the Entrepreneurial Trail program. The initiative provides entrepreneurial education for students from public schools in the State of Rio de Janeiro
SDG7
Affordable and Clear Energy
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2022 PERFORMANCE
Operational Excellence on Gas Flared. Fleet average: 1.42 mmscf/d
[includes additional scope versus previous years]91% Completed Office Sustainability Actions
2023 TARGETS
Operational Excellence on Gas Flared: 1.48 mmscf/d average
Validated investment for climate neutral office energy
CASE STUDIES
The Schiedam and Monaco offices took part in the Monaco Energy Boat Challenge, competing in the Energy Class. Running a green hydrogen-powered boat, SBM Offshore is contributing to the development of clean energy.
SDG8
Decent Work and Economic Growth
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2022 PERFORMANCE
99% of Project Key Resources trained on HuR awareness and responsibilities
Total Recordable Injury Frequency Rate 0.12 or below
2023 TARGETS
Deliver 2 human rights/worker welfare initiatives per region that contribute to remedy of human rights impacts aligned with SBM Human Rights Standards, including current salient issues
TRIFR: 0.14 T1
Process Safety Events with > 3 in severity score
CASE STUDIES
SBM Offshore completed the on-site assessment of a yard associated with decommissioning, finding an overall good performance. SBM Offshore is engaging on non-compliance related to overtime and wages, mainly driven by the nature of the work and local industry practice. And ‘ A company-wide human rights e-Learning course was rolled out and completed by 94% of the targeted workforce.
SDG9
Industry, Innovation and Infrastructure
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2022 PERFORMANCE
Min 59% of R&D budget allocated to EU Taxonomy eligible technologies
Design of all electrical-drive FPSO as part of emissionZERO® portfolio
2023 TARGETS
50% of R&D budget allocated to EU Taxonomy eligible technologies
Carbon Capture Module readiness for Pre-FEED
CASE STUDIES
To add to future solutions under emissionZERO® and New Energies, SBM Offshore develops new technologies and concepts related to blue and green ammonia and hydrogen
SDG10
Reduced Inequalities
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2022 PERFORMANCE
NEW
2023 TARGETS
Develop & pilot a school outreach to promote women in engineering and encourage younger generations to take interest in the energy transition business
CASE STUDIES
SBM Offshore is running company wide unconscious bias awareness sessions that make people aware of their biases and raises respect & understanding for others.
SDG12
Responsible Consumption and Production
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2022 PERFORMANCE
NEW
2023 TARGETS
Launch “ZEROLandfill” project in Brazil, action plan for one pilot vessel approved
CASE STUDIES
SBM Offshore is actively supporting a plastic to fuel initiative
SDG13
Climate Action
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2022 PERFORMANCE
100% Internal validation of targets in line with Net Zero ambition, applying a science-based approach
2023 TARGETS
Launch GHG-emissions monitoring for construction phase
CASE STUDIES
Roll out of the emissionZERO® program, including the emissionZERO® FPSO, and application of leading frameworks to ensure compatibility with net-zero by no later than 2050.
SDG14
Life Below Water
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2022 PERFORMANCE
70% achieved: Manage Oil in Water Discharge to 50% below IOGP average
74% achieved: Launch of an environmental data observation pilot program with identified partners
2023 TARGETS
Manage Oil in Water Discharge to 50% below IOGP average
Deliver ocean data sharing project, including fauna surveillance
CASE STUDIES
Agreement signed for Mangrove Development in Guyana and the deployment of Reefballs in Canada.
Our Commitment toward people
A healthy, prosperous, and sustainable blue economy will be determined by socially responsible companies with solid reputations, sound operations, and strong financing.
As a global organization representing individuals from over 82 nationalities, speaking and signing over 46 languages, we are diligent about making our environment an inviting one, where colleagues can bring their whole selves to work every day, knowing they belong. This begins with respect and the commitment to treat everyone with dignity, while investing in well-being and development so that careers evolve, and people grow.
By encouraging a culture where our colleagues thrive, we are confident that SBMers will continue delivering innovative ocean infrastructure solutions for generations to come.
Our People
Committing to high standard services
SBM Offshore is committed to performing its business in full compliance with all applicable laws and regulations and to delivering products and services meeting all related regulatory requirements, as well as any applicable specifications and requirements imposed by relevant stakeholders, including but not limited to meeting client’s expectations and satisfaction.
Being part of a High Standard Value Chain
At SBM Offshore, we recognize business partners for building a responsible business.
We proudly work with world class companies and partners that share our journey to continuously improve the sustainability, safety, quality and integrity of our products and services. Every supplier commits to follow the SBM Offshore Code of Conduct, or similar code, in the contractual agreement. The signature of the Supply Chain Charter as part of the vendor qualification process is further evidence of their own commitment to meet the highest integrity and Human Rights standards, amongst others.
Stakeholder feedback informs our continuous improvement exercises, is used to further develop SBM Offshore’s strategy, and helps identify ESG value creation opportunities.
