Reach Subsea ASA 2024 IR
The report highlights Reach Subsea's record-high revenues of NOK 2,717.7 million and an EBIT of NOK 363.8 million in 2024, driven by increased capacity and strong market conditions. The company made significant progress on its Reach Remote project, preparing for the commercial launch of its first autonomous unmanned surface vessels (USVs) in 2025 to reduce costs and carbon emissions. Additionally, Reach Subsea transitioned its sustainability reporting from GRI to the European Sustainability Reporting Standards (ESRS) framework. The company achieved 70% of its ESG targets, maintained a strong safety record with zero lost-time incidents, and expanded its global presence with new offices in Australia, Singapore, and Aberdeen.
Company: Reach Subsea ASA
Sector: Energy
Country: Norway
Year: 2024
Type: IR
Pages: 190
Reach Subsea ASA
Annual And Sustainability Report
The report highlights Reach Subsea's record-high revenues of NOK 2,717.7 million and an EBIT of NOK 363.8 million in 2024, driven by increased capacity and strong market conditions. The company made significant progress on its Reach Remote project, preparing for the commercial launch of its first autonomous unmanned surface vessels (USVs) in 2025 to reduce costs and carbon emissions. Additionally, Reach Subsea transitioned its sustainability reporting from GRI to the European Sustainability Reporting Standards (ESRS) framework. The company achieved 70% of its ESG targets, maintained a strong safety record with zero lost-time incidents, and expanded its global presence with new offices in Australia, Singapore, and Aberdeen.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees