ESG

How we act

Climate and environment

Reaching net zero by 2040

Health, safety, and security

Our vision is to ensure zero harm

Social

Zero tolerance for inequality

The challenge with ESG and sustainability is to make sure that all our good intentions become more than words. At DeepOcean, we are aware of this. That is why we set clear, meaningful and measurable goals. Progress isn’t progress without sustainability.

Øyvind Mikaelsen

Chief Executive Officer

Environment and climate

Reducing emissions is crucial. Our target is to achieve a 45 % reduction in CO2 emissions before 2030. By 2040 we aim to be carbon neutral.

How do we plan to achieve this? By focusing on areas like recycling of offshore assets, electrification, and digitally-enabled remote and low carbon operations. We also continuously work on spill prevention and have subsequently reduced the volumes from 673l in 2019 to 197l in 2021.

We have certified our energy management system to the ISO 50001 standard to commit to sustainable development goals. DeepOcean has adopted a structured way to reduce our environmental footprint, in line with our strategy.

Social responsibility

Our social responsibility comprises our employees, supply chain, and the communities in which we operate.

We strive to protect our employees’ health, safety and welfare to make DeepOcean a safe and sound place to work.

We seek to employ a diverse workforce regardless of gender, age and ethnicity.

Being a global player, we care about the human rights of those who live in communities impacted by our activities, and we expect the same from our suppliers and business partners.

Corporate governance

The only way to build trust and long-term relationships is to integrate sustainability and corporate governance with our business strategy. That is why we seamlessly incorporate it into our policies and practices throughout the business.

Our code of conduct is the roadmap that puts our values into action and ensures our compliance with legal acts, employment rights, and financial accountability.

Our ESG Priorities

ENVIRONMENT & CLIMATE

Limiting impacts to marine environments

Prevent spills to the environment
Enforce principles of circular economy
Prioritise sustainable procurement
Execute decommissioning focussed on reclaiming the original seabed conditions

ENVIRONMENT & CLIMATE

Reducing emissions from operations

Track & target CO2 reductions
Use hybrid vessels, USVs & resident vehicles
Use renewable energy sources
Use the Remote Operations Centre (ROC)
Use of best available technology (BAT)

ENVIRONMENT & CLIMATE

Addressing climate change

Clear Climate Roadmap (aligned with Net Zero emissions)
Initiate R&D with our key stakeholders
Collaborate w/ operational partners and Clients to prioritise sustainable practices

CORPORATE GOVERNANCE

Demonstrating integrity & transparency

Enforce robust board oversight, management accountability, & internal controls
Apply reporting practices in accordance with international reporting standards
Robust data protection and privacy systems and procedures

CORPORATE GOVERNANCE

Delivering responsible business practices

Support local economic growth opportunities
Zero tolerance for bribery and corruption
Invest in technology and innovation for growth, efficiency, and energy transition

Social responsibility

Protecting health & safety