Annual Report

Overview

The report describes Subsea7's first-year CSRD/ESRS sustainability reporting, supported by a new double materiality assessment covering 10 material topics. It reports 748,000 tCO2-e of gross Scope 1 emissions, 4,440 tCO2-e location-based Scope 2, and 56,000 tCO2-e of Scope 3 Category 6 business-air-travel emissions. It also reports 15,072 employees, zero work-related fatalities, and a 50% Scope 1 and 2 reduction target by 2035 against a 2018 baseline, alongside net zero by 2050.

Document

Report type: Annual Report with Sustainability Disclosures
Class: Embedded
Scope: Full report
Fiscal year: 2024
Period: 1 January 2024 – 31 December 2024
Language: English
Pages
File size
Restatement: Disclosed

Standards

GRI
SASB
TCFD
ISSB
ESRS
Integrated Reporting Framework
GHG Protocol
EU Taxonomy
CDP
Other

Commitments

UN Global Compact
UN Guiding Principles
Science Based Targets initiative

Materiality

Assessment
Basis
Matrix

Assurance

Provider
Level
Standard
Scope
Statement included
Metrics assured

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