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ƹƵapp is more than a global leader in the energy industry – we are a leader with a vision. Our Environmental, Social and Governance (ESG) decisions are founded on the principles that guide our Company, including our core values and foundational beliefs.

The actions we take in furtherance of our ESG objectives support our intention to act as responsible corporate citizens and drive our ambitions to be more sustainable as we deliver on our strategic goals consistent with our long-term value creation.

Our ESG Scorecard

In 2020, we established an ESG scorecard (Scorecard) with extensive goals measured over 2021 – 2023 with clear, verifiable metrics designed to drive long-term behavior. This Scorecard measured our progress toward specific, measurable ESG goals relevant to our business in relation to the planet, people, and communities in which we operate.

Our three-year ESG Scorecard concluded on December 31, 2023. We set challenging targets for ourselves in the 2021-2023 Scorecard, including actions tied to our 50 by 30 initiative to reduce our Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 50 percent by 2030. Under the Scorecard’s Environmental pillar, we reduced our GHG emissions by 20 percent over the three years and exceeded our waste recycling and reuse target.

In the Social and Governance metrics, we achieved or outperformed our targets on fair representation, inclusion, volunteering and Science, Technology, Engineering and Mathematics (STEM) initiatives, Serious Injuries and Fatalities (SIF) prevention projects, human rights, and ethics and compliance training – far exceeding our targets on some goals.

View our ESG Scorecard 2021-2023 results.

We will maintain the same Scorecard approach for the years 2024–2026, as we have demonstrated this approach drives meaningful change and holds us accountable for delivering on our commitments. We have adopted new, measurable ESG goals that account for the progress we achieved in our 2021-2023 Scorecard and various stakeholder interests.

View our ESG Scorecard Commitments 2024-2026. These are summarized below:

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    Environmental: Our environmental commitments help us, and our clients, be more sustainable.

    We are committed to introducing three new fully qualified products across our New Energy technology portfolio by end of 2026.

    Additionally, we aim to decrease our Scope 1 and Scope 2 GHG emissions by 50 percent by 2030 (our 50 by 30 commitment) by reducing the fuel we consume and the energy we purchase, and by using energy from renewable sources. We intend to increase usage of our renewable energy to 60 percent from our 2023 baseline by end of 2026.

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    Social: ƹƵapp is a global company with an international commitment to inclusivity, equity, and social justice. We work around the world to reduce social disparities, improve quality of life, and promote well-being within our business and the communities we serve.

    In fair representation, we are working toward attracting a more diverse workforce.

    We continue to make a positive impact in our communities. Our three-year goal is 120,000 volunteering hours across initiatives through our iVolunteer program where every employee is encouraged to volunteer for up to four hours, during work, each year for a charitable cause. We are also promoting education and careers in Science, Technology, Engineering and Mathematics (STEM) with a target of at least 80 percent of countries in which we operate participating in STEM education and engagement activities annually.

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    Governance: Our focus on governance underpins the integrity of our business. We will never compromise on safety and are committed to upholding a strong safety culture by rolling out our Safe Choice training and Coaching programs.

    Our Human Rights due diligence is at
    the forefront of our agenda. We are committed to ensuring that at least 50 percent of suppliers identified for human rights assessments each year undergo an on-site audit.

    Additionally, we are targeting 100 percent completion of annual advanced integrity curriculum training of managerial personnel.

    We are committed to conducting business ethically, honestly, and in full compliance with applicable laws and regulations.

Beyond the Scorecard

Throughout the Company, our ESG activities go beyond those on our Scorecard. To view our latest ESG performance, please go to our U.K. Annual Report and Accounts for the year ended December 31, 2023

Our efforts in ESG were also recognized by others.

We were announced as the winner of the 2023 National Offshore Industries Association (NOIA) ESG Excellence Award. The award recognizes the Company’s commitment to ESG actions, including efforts in fair representation and inclusion and in energy transition technologies.

ƹƵapp was again named among Forbes Magazine’s World’s Top Companies for Women in 2023. Based on responses from women working at thousands of companies, this recognition exemplifies the progress that is driven by our ESG initiatives and programs.

Click here to visit our Ethics and Compliance page.

Our commitments

UN Global Compact

UN Global Compact is a call to companies to align their strategies and operations to universal principles on human rights, labor, environment and anti-corruption, and take actions that advance societal goals. .

Building Responsibly

Collaborating with peers to promote the rights and welfare of workers across the industry. .

CEO Pledge

CEO Action for Diversity & Inclusion™ is the largest CEO-driven business commitment to advance diversity and inclusion in the workplace. .

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How we do business is as important as why we do business, and our goals in ESG show that. We have already demonstrated that as a team, we drive change. By pulling together, by taking initiative, and by committing to make a difference, we will succeed.”

Douglas J. Pferdehirt –Chair and Chief Executive Officer