Sustainability

Welcome to Energy Drilling’s ESG Page

At Energy Drilling, our Environmental, Social, and Governance (ESG) approach is at the core of how we do business. Our commitment is to continuously improve our ESG performance while ensuring we operate safely, ethically, and in a manner that supports sustainable development. This page outlines our strategic focus areas, our performance, and our initiatives to meet the evolving demands of our industry and stakeholders.

Environmental Responsibility

We are committed to minimizing our environmental impact across all stages of our operations.

Key Areas of Focus:

  • Carbon Emissions: Our strategy includes reducing Scope 1, 2, and 3 emissions, with a focus on fuel consumption.
  • Climate Adaptation: We are enhancing operational resilience to climate change and its effects on offshore drilling activities.
  • Biodiversity Impact: We conduct joint Environmental Impact Assessments (EIAs) in partnership with clients to safeguard marine and terrestrial ecosystems.
  • Energy Efficiency: We continue to implement measures to improve energy efficiency across our fleet and operations, including renewable energy integration, where feasible.
  • Waste Management: Responsible waste disposal, spill prevention, and water recycling are integral to our environmental management systems.

2024 Environmental Performance:

  • Fuel consumption: 35,621,194 L
  • GHG Emissions: 97,467 Tons CO2e
  • Water Usage & Recycling: 90.4 Tons recycled (40% of waste)

Social Responsibility

Our people are our greatest asset, and we prioritize their safety, development, and well-being.

Key Areas of Focus:

  • Health & Safety: Our strong safety culture is reinforced through continuous training, adherence to protocols, and real-time monitoring. Our goal is zero accidents, and we are tracking near-miss incidents to improve safety further.
  • Employee Development: We invest in our people through regular training programs, career development, and leadership succession planning. We are committed to promoting diversity, ensuring equal opportunities, and fostering an inclusive workplace.
  • Human Rights & Ethical Conduct: We are committed to upholding the UN Guiding Principles on Business and Human Rights, ensuring that human rights due diligence is embedded within our operations and supply chain.
  • Community Engagement: We actively contribute to local communities by creating job opportunities, supporting local talent through university placements, and engaging in social development programs.

Key Social Initiatives:

  • Employee Engagement: Regular surveys and feedback loops to ensure that our employees’ voices are heard and acted upon.
  • Safety Training: Comprehensive health and safety training programs for all staff, with a focus on offshore personnel.

Governance and Compliance

We uphold the highest standards of ethical business practices, integrity, and transparency.

Key Areas of Focus:

  • Corporate Governance: We adhere to the highest governance standards and actively review our governance practices to ensure compliance with international regulations.
  • Risk Management: Our proactive approach to identifying and managing risks ensures the continuity of operations and compliance with all legal requirements.
  • Anti-Corruption Policies: We have a zero-tolerance approach to corruption, supported by robust internal controls, regular audits, and anti-corruption training programs.
  • Transparency & Reporting: We provide transparent, accurate, and timely disclosures of our ESG performance, ensuring our stakeholders are well informed about our impact and progress.

Governance Framework:

  • Code of Conduct: All employees, contractors, and suppliers adhere to our stringent Code of Conduct, ensuring that ethical standards are upheld at every level of the organization.
  • ESG Reporting: We report on ESG matters in line with international standards and regulations, ensuring alignment with best practices in corporate sustainability.

Future Commitments

Energy Drilling will continue to strengthen its ESG practices, focusing on the following areas for the upcoming year:

Key Areas of Focus:

  • Expansion of ESG Metrics: We aim to further integrate sustainability performance into our business strategy, focusing on both risks and opportunities.
  • Supply Chain Sustainability: We are enhancing sustainability criteria for supplier selection, focusing on labor practices, environmental stewardship, and adherence to human rights standards.

ESG Performance KPIs:

  • Employee Safety Record: ZERO LTI and Only One recordable. TRIF 1.16
  • Environmental Impact Reduction: 90.4 Tons recycled (40% of waste).