Subsea 7 SA 2021 AR2
The report highlights Subsea 7's performance in 2021, during which the company delivered revenue of $5.0 billion and Adjusted EBITDA of $521 million, reflecting early recovery in the oil and gas industry and progress in offshore wind. A key strategic milestone was the combination of its offshore wind business with OHT ASA to form Seaway 7 ASA, a market leader in fixed offshore wind. Subsea 7 also committed to target Net Zero greenhouse gas emissions by 2050, with an interim goal of a 50% reduction in Scope 1 and 2 emissions by 2035. Additionally, the company secured its first carbon capture contract for the Northern Lights project in Norway.
Company: Subsea 7 SA
Sector: Mining & quarrying
Country: Luxembourg
Year: 2021
Type: AR2
Pages: 160
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Subsea 7 SA
Annual Report
The report highlights Subsea 7's performance in 2021, during which the company delivered revenue of $5.0 billion and Adjusted EBITDA of $521 million, reflecting early recovery in the oil and gas industry and progress in offshore wind. A key strategic milestone was the combination of its offshore wind business with OHT ASA to form Seaway 7 ASA, a market leader in fixed offshore wind. Subsea 7 also committed to target Net Zero greenhouse gas emissions by 2050, with an interim goal of a 50% reduction in Scope 1 and 2 emissions by 2035. Additionally, the company secured its first carbon capture contract for the Northern Lights project in Norway.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Women in Management
Workplace Fatalities
Net Zero Target