Subsea 7 SA 2020 AR2
The report outlines Subsea 7's strategic and financial performance for the fiscal year 2020, highlighting its navigation of challenges brought by the COVID-19 pandemic. The company advanced its two-pronged strategy focusing on the Subsea Field of the Future and proactive participation in the Energy Transition, particularly through its Renewables business unit, Seaway 7. Key achievements include a record order intake in Renewables of $1.9 billion, the delivery of the state-of-the-art pipelay vessel Seven Vega, and the first installation of its proprietary Electrically Heat-Traced Flowline technology. Subsea 7 also progressed its sustainability initiatives, establishing a new Executive Sustainability Committee and reducing its Scope 1 emissions to 410,446 tonnes of CO2.
Company: Subsea 7 SA
Sector: Mining & quarrying
Country: Luxembourg
Year: 2020
Type: AR2
Pages: 160
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Subsea 7 SA
Annual Report
The report outlines Subsea 7's strategic and financial performance for the fiscal year 2020, highlighting its navigation of challenges brought by the COVID-19 pandemic. The company advanced its two-pronged strategy focusing on the Subsea Field of the Future and proactive participation in the Energy Transition, particularly through its Renewables business unit, Seaway 7. Key achievements include a record order intake in Renewables of $1.9 billion, the delivery of the state-of-the-art pipelay vessel Seven Vega, and the first installation of its proprietary Electrically Heat-Traced Flowline technology. Subsea 7 also progressed its sustainability initiatives, establishing a new Executive Sustainability Committee and reducing its Scope 1 emissions to 410,446 tonnes of CO2.
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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:
Women in Management
Workplace Fatalities