2011 Annual Report - SBM Offshore

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Supply Chain In line with its Code of Conduct, the Company strives to support fair competition, develop stable long-term supplier relationships and work with others to improve social and environmental performance. Develop and promote sustainable technology Clients using the Company’s services, generally specify their own requirements for all aspects of oil and gas field development, including production facilities. This leaves the Company little opportunity to influence the design of the production facilities it supplies in order to reduce operations-related GHG emissions. Nevertheless, whenever possible the Company incorporates emission-friendly equipment and processes at the design stage in a cost efficient way. Reporting Transparency The Company publishes a yearly Sustainability Report part of its Annual Report. The Sustainability Report contains data and key performance indicators calculated using its existing reporting systems. This information is compiled and consolidated using an automated, web-based reporting system. The report also considers the implications of the results reported and provides updates on sustainability initiatives in place across the Company. Currently the Company reports at GRI level C, according to GRI guidelines. External Assurance An external auditor verifies some of the Company’s sustainability data (atmospheric emissions, Lost Time Incident frequency rate, energy consumption and Waste generation) and so provides external limited assurance. The Sustainability Assurance process consists of an interim verification and the year-end assurance procedure. Local verification procedures form part of this undertaking. Strategic analysis The Dow Jones Sustainability Index (DJSI) World Universe identifies 47 potential candidates in oil and equipment services, but includes just five, of which SBM Offshore is one. The four other organizations included are not direct competitors of the Company. Disclosure The company is committed to providing transparent disclosure of the impact of its activities on the environment and its adherence to sustainable business development. SBM Offshore participates in the following initiatives: • Dow Jones Sustainability Index (DJSI) • Carbon Disclosure Project (CDP) • Transparantie Benchmark (Initiative of the Dutch Ministry of Economic Affairs) This is a customized selection from the SBM Offshore N.V. Annual Report 2011 18
The Company also strives to improve dialogue about sustainability with its stakeholders. You can find more information about this process in stakeholders information section. This is a customized selection from the SBM Offshore N.V. Annual Report 2011 19
Page 2 and 3: Table of contents 1 Overview 1 1.1
Page 4 and 5: esource, through selected R&D, to m
Page 6 and 7: Business Model The Company generate
Page 8 and 9: 1.3 Snapshot 2011 (US$ mln.) 2011 2
Page 10 and 11: 1.4 Stakeholders Information 1.4.1
Page 12 and 13: 1.4.5 Investor Relations The Compan
Page 14 and 15: 1.5 Corporate Strategy 1.5.1 Introd
Page 16 and 17: 1.5.2 Vision, promises and values V
Page 18 and 19: The Company only enters partnership
Page 22 and 23: 1.6 Corporate Management Systems &
Page 24 and 25: Status updates for the implementati
Page 26 and 27: This is a customized selection from
Page 28 and 29: organisation has been implemented w
Page 30 and 31: 3.1.6 Local Content Brazil In Brazi
Page 32 and 33: New contracts During 2011 the Compa
Page 34 and 35: 3.4 Product and Technology Developm
Page 36 and 37: time, and cost. 3.4.3 Offshore LNG
Page 38 and 39: Appointment of a Managing Director
Page 40 and 41: Loans or guarantees No loans or gua
Page 42 and 43: In case a binding proposal is made,
Page 44 and 45: 3.5.5 Shareholders Share capital At
Page 46 and 47: Dividend The Management Board is au
Page 48 and 49: former notary and presently a lawye
Page 52 and 53: Onshore Operations In addition to t
Page 54 and 55: voluntary basis in Brazil for Occup
Page 56 and 57: Permit-to-Work (Carros) Safety is a
Page 58 and 59: Although unhappy with the increases
Page 60 and 61: 2012. The primary emissions from th
Page 62 and 63: 3.8 Human Resources 3.8.1 Introduct
Page 64 and 65: The total headcount is based on all
Page 68 and 69: The Employee Share Ownership Plan,
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White Collar Staff Training is base
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3.9 Sustainable Initiatives 3.9.1 C
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3.9.2 Supply Chain in Focus SBM Off
Page 76 and 77:
3.9.3 Local content In a number of
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Equatorial Guinea A very motivated
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the building process, an SBM team a
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This is a customized selection from
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5.1.2 Environmental Reporting Envir
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Total Production of Hydrocarbons Of
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HSS Accident Statistics for Dynamic
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Regional CO2 Emissions Values expre
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Permanent Part Time Employees Headc
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Women Men Equality % of Women in ma
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GRI Index Level C Vision and Strate
Page 98 and 99:
LTIFR = (LTI x 200,000)/ EH Where:
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2011 Annual Report - SBM Offshore

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