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Our Commitments and Targets

We have set clear targets and plans for the future and through our engaged and determined workforce, we drive forward on our commitments.

Our focus will be on the key sustainability priorities in which we can maximise our opportunity for impact and setting targets in line with that.

  • <0.03 Lost-time injury frequency rate by 2024
  • Zero serious injury frequency rate by 2024
  • 100% medium and high-risk suppliers assessed for corruption risk by 2025 
  • 100% proportion of the business covered by an independent anti-corruption compliance programme assessment by 2025 (Target achieved by the end of 2023)
  • 100% relevant employees trained on human rights by 2024
  • 90% high-risk suppliers undergoing enhanced human rights risks assessment by 2025 (65% by 2024)
  • 100% proportion of our workforce covered by a human rights risk assessment within the last three years by 2023 (Target achieved)
  • 35GW Cumulative power capacity of renewable projects supported by 2030 (18GW by 2025)
  • 50% reduction in Scope 1* and 2 greenhouse gas emissions by 2035 (baseline year 2018)
  • Net zero Scope 1 and 2 greenhouse gas emissions by 2050

 

*Largest emissions reductions expected to come from alternative clean fuel that today is not available at scale and cost to be widely used.

  • 90% waste recycled onshore by 2025 (87% by 2024)
  • 70% waste segregated offshore for recycling by 2025 (68% by 2024)
  • 15 BORAbox® units available for science by 2025 (7 by 2024)

The Ten Principles of the UN Global Compact

Subsea7 is proud to be a signatory to the UN Global Compact since 2019. We are committed to upholding the 10 principles of that United Nations Global Compact, which cover human rights, labour, the environment and anti-corruption, and engaging in collaborative projects which advance the broader development goals of the United Nations, including the Sustainable Development Goals.

As our Communication on Progress to the UN Global Compact, we annually report on the progress we are making in support of the 10 principles through our annual Sustainability Report.

View our letter of commitment to the UN Global Compact principles 

 


 

Worker Welfare Principles of Building Responsibly

Subsea7 is a Board Member of the Building Responsibly organisation, a group formed by leading engineering and construction companies collaborating to promote the welfare of workers across the industry.

As a member, we have also signed up to support the Worker Welfare Principles set out by the organisation.

View the Worker Welfare Principles

Single-Use Plastic Charter

Subsea7 is a signatory to the UK Chamber of Shipping Single-Use Plastic Charter. In line with this agreement, we are looking at ways to reduce our dependence on single-use plastics on our operations and within our supply chain.

Contribution to the United Nations Sustainable Development Goals

The UN’s 17 Sustainable Development Goals (SDGs) provide a framework for achieving the agenda and targets set by the UN Member States that collectively signpost what needs to be done to end extreme poverty, fight inequality and injustice and protect our planet.

We have mapped our six Sustainability Priorities against these goals, eight of which are highly relevant to our stated ambitions.

Collaboration and partnerships

Building partnership to create sustainable value and impact

Subsea7 and National Oceanography Centre (NOC) formed BORA Blue Ocean Research Alliance®, to enable greater ocean access for scientists to build knowledge and understanding of the world's oceans to create a sustainable marine future.

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Subsea7 is supporting Nautilus Floating Solutions, S.L. to maximise energy production of large wind turbines while limiting expensive offshore integration and maintenance procedures.

 

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Subsea7 joined forces with Simply Blue to develop the Salamander floating wind project, off the North East Coast of Scotland (UK).


 

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Subsea7 joined POWERful Women’s Energy Leaders Coalition in 2020 with a public commitment to create a gender balanced, diverse and inclusive UK energy sector.

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Subsea7 signed up to the UK Armed Forces Covenant which supports service leavers' transition from military life to civilian employment in a way that recognises their compatible and transferable skills to Subsea7.

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Subsea7 joined the North Sea Energy programme in the Netherlands alongside with nearly 40 international parties from the energy value chain to develop offshore energy hub concepts and identify and assess opportunities for synergies between multiple low-carbon energy developments offshore with optimal value for society and nature.

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Subsea7 became a founding member of Powering Net Zero Pact in 2022 alongside other companies from across the power sector globally who are committed to a fair and just transition to Net Zero carbon emissions.

 

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Subsea7 joined the AquaVentus initiative consortium, made up of more than 60 leading international companies, organisations and research institutions. AquaVentus intends to make a substantial contribution to the implementation of the German and European hydrogen strategy.

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Subsea7 joined the ‘Alliance for Industry Decarbonization’ launched by the International Renewable Energy Agency (IRENA) and co-founders, to deliver the offshore energy transition solutions the world needs. 

 

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Subsea7 is a member of the GCCSI, an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS).
 

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Subsea7 is a proud participant and a board member of the International Marine Contractors Association (IMCA), a leading trade association representing the vast majority of contractors and the associated supply chain in the offshore marine construction industry worldwide supporting the energy transition and a lower-carbon future.

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Subsea7 joined the CCSA to contribute to the developing global carbon capture and storage business. Subsea7 brings significant capability and experience in carbon capture project development and execution, including the pipeline engineering, fabrication and installation for CO2 transport and storage infrastructure.

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Subsea7 joined the Mærsk Mc-Kinney Møller Centre for Zero Carbon Shipping as a mission ambassador, to accelerate the transition towards a Net Zero future for the maritime industry. This network will give us access to research, development and implementation of new technologies to reduce the carbon footprint of our fleet and get to Net Zero.

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