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.
We aim to utilize the best available technologies to reduce Green House Gas (GHG) emissions, whilst developing renewable energy solutions for the offshore and marine environment.
Our strategy is to focus on areas of our operations where we can have a sustainable impact on the supply chain. We’ve included four sustainability-related objectives in our Strategic Plan:
• Minimize the Company’s carbon foot print;
• Maintain high standards for Health, Safety, Security and Human Resources;
• Serve communities through local content;
• Develop and promote environmentally friendly technology.
SBM selected for a third consecutive year of the Dow Jones Sustainability Index
SBM Offshore has been selected for the third consecutive year to be part of the Dow Jones Sustainability Index (DJSI), setting a high sustainability benchmark for investor portfolios. Our inclusion in the DJSI World index recognises SBM Offshore’s commitment to corporate sustainability leadership in the Oil Equipment and Services sector. To put it into context, we are among a very select group of only seven companies in our sector to have been chosen as an index participant, out of a universe of 47 companies worldwide.
The annual review of the DJSI index family is based on a thorough analysis of the Company’s corporate, economic, environmental and social performance. It assesses issues such as corporate governance, risk management, branding, climate change mitigation, supply chain standards and labour practices. With sustainable development and progress in all of the above areas increasingly becoming an integral part of investment decisions, we are particularly proud of this achievement today.
Host country sustainability
As a matter of policy, SBM Offshore has always recruited employees locally in all areas of its operation and is committed to further investment in local infrastructure, training, personnel as well as development centres. In recent years, Governments in host countries have demanded higher levels of local content during construction of SBM Offshore products. We aim to meet these demands by subcontracting work at a local level or investing to develop local fabrication facilities, as it has done in Angola and Brazil.
Click here to read the Sustainability section of our 2011 Annual Report.