Prosafe SE 2020 AR2
The report highlights Prosafe's operations and financial performance in 2020, a year significantly impacted by the Covid-19 pandemic and the oil price collapse. The company successfully implemented safety measures to protect its assets and people, achieving a lost time injury frequency of zero. Financially, Prosafe experienced a significant decrease in fleet utilization to 20.4% and recorded a net loss of USD 950.1 million, largely driven by impairment charges of USD 810.3 million. To address its negative book equity, the company continued constructive dialogues with lenders to secure a long-term financial solution. Additionally, Prosafe increased its focus on energy management by starting the implementation of ISO 50001 standards.
Company: Prosafe SE
Sector: Transport & logistics
Country: Norway
Year: 2020
Type: AR2
Pages: 131
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Prosafe SE
Annual Report
The report highlights Prosafe's operations and financial performance in 2020, a year significantly impacted by the Covid-19 pandemic and the oil price collapse. The company successfully implemented safety measures to protect its assets and people, achieving a lost time injury frequency of zero. Financially, Prosafe experienced a significant decrease in fleet utilization to 20.4% and recorded a net loss of USD 950.1 million, largely driven by impairment charges of USD 810.3 million. To address its negative book equity, the company continued constructive dialogues with lenders to secure a long-term financial solution. Additionally, Prosafe increased its focus on energy management by starting the implementation of ISO 50001 standards.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Employees