SBM Offshore Annual Report 2011 - PDF

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
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