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 2023
Zero serious injury frequency rate by 2023
100% medium and high-risk suppliers assessed for corruption risk by 2025 (93% by 2023)
100% proportion of the business covered by an independent anti-corruption compliance programme assessment by 2025 (85% by 2023)
100% relevant employees trained on human rights by 2023
90% high-risk suppliers undergoing enhanced human rights risks assessment by 2025 (40% by 2023)
100% proportion of our workforce covered by a human rights risk assessment within the last three years by 2023
30GW Cumulative power capacity of renewable projects supported by 2030 (18GW by 2025)
50% reduction in scope 1 and 2 emissions by 2035 (baseline year 2018)
Net zero emissions by 2050
90% waste recycled onshore by 2025 (85% by 2023)
70% waste segregated offshore for recycling by 2025 (67% by 2023)
15 BORAbox® sensors deployed subsea by 2025 (5 by 2023)
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.
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.
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.
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.
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.
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.
4Subsea will support Subsea 7 in delivering advanced digital solutions to customers within Life of Field and Field Development contracts and be a key contributor to the ongoing digital transformation of Subsea 7 business delivery.
Xodus provides engineering and advisory services to clients in the oil and gas, LNG, renewables and utilities industries. Xodus is independently operated company, with the ability to offer partnering solutions together with Subsea 7.
Subsea7 is now a member of the Hydrogen Council, a CEO-led initiative of leading companies with a united vision and long-term ambition: for hydrogen to foster the clean energy transition for a better, more resilient future.
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.
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.
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.
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.
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.
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.