At SBM Offshore we believe in doing business that benefits our clients, our employees, our shareholders and society in general. We believe there is a bottom line in performing our operations according to law and regulations on governance, ethics, labour standards, environmental standards and client specifications. We believe that sustainability carries us beyond compliance and creates our License to Grow. Our ambition is to integrate sustainability in our business proposition, so we create economic value and social and environmental value in all of the countries we operate.
In 2014 SBM Offshore conducted a materiality assessment to focus its strategy, policies and communications on the activities that matter most to the company and its stakeholders. We identified the following material topics:
License to Operate
- Economic performance
- Governance & Compliance
- Human Resources
- Health & Safety & Security
License to Grow
- Shape innovative offshore solutions with clients
- Foster local development
- Manage environmental impact
- Cost-effective supply chain
SBM selected for a sixth consecutive year in the Dow Jones Sustainability World Index
For the sixth consecutive year SBM Offshore has been selected to be part of the respected Dow Jones Sustainability Index (DJSI) for 2015/2016. To be recognised in the ‘World’ category – an index listing of 317 companies – is in particular satisfying with SBM Offshore one of six companies from the Energy Equipment and Services sector, out of 42 eligible members.
The DJSI follows a best-in-class approach, including companies across all industries that outperform their peers in numerous sustainability metrics. SBM’s score for 2015 stands at 73 on a scale of 100, compared to the industry average of 44 and the industry leader at 78. Versus last year, the Company shows an increase of 10%, with the rise recorded evenly over the categories of the index.
Click here to read the Sustainability section of our 2014 Annual Report.