- Supply chain disruptions.
- Cost overruns caused by delays.
- Lingering COVID-19 impacts.
- Slow progression of the floating offshore wind market.
- Project financing challenges.
- Impacts from changes in local legislative and business environment.
- Activities of financial, strategic and/or operational partners impacting ability to build new business and execute projects.
- Potential acute or chronic exposure to hazards during product lifecycle.
- Inherent project risks.
- Benefits of transformation programs not being realized.
SBM Offshore N.V.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, SBM Offshore N.V. disclosed greenhouse gas emissions of 5.9 million tonnes CO2e. By scope: Scope 1: 489 tCO2e; Scope 2: 1.3K tCO2e; Scope 3: 5.7 million tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
5.9 million tonnes CO2e
2023
Renewable Energy
38%
of total energy
Energy Use
64.3 million GJ
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 489 tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.3K tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 5.7 million tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 5.9 million tonnes CO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Achieved between 8-12 kg of CO2/barrel of oil equivalent (boe) by reducing carbon emissions in new FPSOs.
- Oil-in-water discharge 66% below IOGP average.
- 1.18 MMSCF/D average flaring (17% lower than 2022).
- 5.9 million tonnes of GHG emissions (1.7% lower than 2022).
- Successful installation of three floaters for the Provence Grand Large offshore wind project.
- 97% of Deep Panuke facility recycled, reused, or repurposed.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 10% by 2025
- Reduce GHG intensity of scope 3 downstream leased assets by 50% by 2030
- Zero routine flaring by 2030
- 100% green energy by 2030 (scope 2)
📅 Medium-term
- Achieve 30% renewable energy by 2030
🔭 Long-term
- Net zero emissions by 2050
🌱 ESG Focus Areas
Ethics and ComplianceEmployee Health, Safety and SecurityHuman RightsOperational Excellence and QualityEmployee WellbeingEconomic ImpactEmissionsDigitalizationInnovationEnergy TransitionMarket PositioningDecommissioning