SBM Offshore is committed to conducting business in a sustainable way over the long term, by developing close relationships with local communities and businesses in host countries and by safeguarding the natural environment.
For the fifth consecutive year SBM Offshore has been selected to be part of the respected Dow Jones Sustainability Index (DJSI). To be recognised alongside prominent companies in the ‘World’ category like Alcatel-Lucent, Caterpillar and Unilever as well as clients like ENI, Statoil and Total, sector peers like Halliburton and Technip, underlines the prestige of the Index.
The Corporate Sustainability Assessment provides an in-depth analysis of economic, environmental and social practices that influence the financial performance of the company. The DJSI follows a best-in-class approach, including only those companies across all industries that outperform their peers in numerous sustainability metrics. It evaluates companies on an annual basis. The selection process is tough and requirements are more stringent year on year. The Group Sustainability Department, with help from key Departments, spent quite some time in submitting information and talking to the DJSI staff.
The DJSI serves as a benchmark for investors who integrate sustainability considerations into their portfolios, and provide an effective engagement platform for companies who want to adopt sustainable best practices. A broad group of SBM stakeholders have shown an interest in SBM’s performance on the DJSI, e.g. clients, lenders and potential investors.
The sustainability assessment considers issues like greenhouse gas emissions, flaring, production of waste, occupational health & safety and supply chain management. Also appraised are ethics & integrity, human rights and local development elements. All of which are particularly pertinent to our company’s business in emerging economies like Angola and Brazil. Simply explained by its three key parts – Profit, People and Planet – the DJSI requires companies to strive for a balance when approaching sustainability in their operations.
It is the fifth consecutive year that SBM is included in the world section of the index. This is a difficult category to be included in, as a company has to operate in a consistent and standardised manner across its worldwide operations. The Group Sustainability function was created within SBM to focus on such initiatives as the DJSI. Sustainability Director Sebastiaan de Ronde Bresser says “Inclusion in this prestigious index is an important confirmation to all of our stakeholders that SBM is an internationally recognized sustainable company. This can help us in tenders and bids and in creating commitment with our investors. We are working very hard to improve our sustainability performance and have developed a Sustainability Framework and objectives that integrate sustainability in all activities of SBM, from Technology and Operations to HR and Sales. In doing so I have seen a lot of commitment and enthusiasm from management as well as employees. This will help us to continue our participation in the DJSI and strengthen our profile as a high quality and sustainable company”.
Click here to read the Sustainability section of our 2013 Annual Report.