2011 Annual Report - SBM Offshore

water work, including services.
A new multi-purpose vessel is currently being constructed. On completion it will undertake DSV, ROVSV and
construction work as well as deepwater mooring installation. The vessel is under construction in Singapore, with
operational delivery planned for 2013.
In the years ahead the Company plans to grow its offshore activities, maintaining its market position as a leading
supplier of CALM buoys, swivels and services and to expand the supply of spare parts, engineering and
inspection services to third parties and clients.
1.5.4 Corporate Sustainability
Objectives
The Company is committed to conducting business in a sustainable way over the long-term - by developing close
relationships with local people, communities and businesses in host countries and by safeguarding the natural
environment. It also aims to utilize the best available technologies to reduce Greenhouse Gas (GHG) emissions,
whilst developing renewable energy solutions for the offshore and marine industry.
The Company’s strategy is to focus on areas of its operations where it can make a sustainable impact on the
supply chain.
With this in mind, it has included four sustainability-related objectives in its Strategic Plan:
• Minimise the Company’s carbon footprint
• Maintain high standards for Health, Safety, Security and Human Resources
• Serve communities through local content
• Develop and promote environmentally friendly technology
The Company has identified additional areas in which it can have an impact on sustainable business development
and set appropriate objectives. These will provide a clear focus for future sustainability initiatives and
sustainability reporting. These objectives are explained below.
Host Country Sustainability
As a matter of policy, the Company has always recruited employees locally in all areas of its operation and is
committed to further investment in infrastructure, local training and personnel and development centres.
In recent years, Governments in host countries have demanded higher levels of local content during construction
of SBM Offshore products. The Company aims to meet these demands by subcontracting work at a local level or
investing to develop local fabrication facilities, as it has done in Angola and Brazil.
This is a customized selection from the SBM Offshore N.V. Annual Report 2011
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