Impact and dependencies assessment
Subsea 7 has not holistically assessed its impacts or how it depends on nature, including biodiversity. It has an opportunity to start such an assessment across its value chains, focused on quantification of its impacts or dependencies.
Key areas and species
Subsea 7 does not disclose key species or areas important for biodiversity affected by its operations or suppliers. It has an opportunity to increase its transparency.
Ecosystem conversion and restoration
No evidence was found regarding Subsea 7 ‘s efforts to avoid ecosystem conversion, including deforestation, or promote restoration. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets.
Resource exploitation and circularity
No evidence was found regarding Subsea 7’s efforts to work towards a circular economy or which organisms it exploits. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets. The company does not disclose efforts to improve soil health.
Water
Subsea 7 does not disclose relevant information related to water, in its operations or supply chains.
Solid and air pollution
Subsea 7 discloses the total amount of hazardous and non-hazardous waste with the breakdown of types of treatment. No evidence that the company is reducing the production of hazardous waste was found. No evidence that the company reduces plastic use and waste in its own operations was found. The company does not report on the amount of plastic waste generated and proportions directed from or to disposal.
Subsea 7 reports regularly on air quality parameters of emissions of harmful air pollutants, disclosing its amount of NOx and SOx produced. The company does not report time-bound targets to reduce air pollutants across the most material parts of its value chain.
GHG emissions
No evidence that Subsea 7 reduces its scope 1, 2 and 3 greenhouse gas emissions compared to the previous year. The company sets a target to reduce 50% of scope 1 & 2 emissions by 2035 compared to the baseline year in 2018, but it does not report against the target, nor does it disclose whether the target is aligned with a 1.5-degree trajectory. The company does not set a scope 3 emission target.
Invasive species
Subsea 7 has not identified any activities that could lead to the introduction of invasive alien species in its own operations.