Sustainability within Reach

Reflecting the impacts our operations have on economic, environmental and social factors.

We strive to be an industry-leading operator within sustainability, and our goal is to have zero harm to personnel, environment and equipment.

Reports

Code of Conduct

We’re always striving to improve our ethical business practices and personal conduct, to read more, please download our Code of Conduct here:

Reach Subsea ASA – Annual and Sustainability Report 2023

Haugesund, 19 April 2024 – Reach Subsea ASA has today published its Annual and Sustainability Report for 2023.

Key figures

342 FTE employees

Of which 14.9 % are women.


Major environmental release

Zero major environmental release so far in our history!


Activity within non-O&G segment

Increasing our activity whitin the non Oil&Gas segment, representing 32 % of total activity in 2023.


Our UN Sustainability Goals

3. Good health and well-being

  • Health and safety measures for all personnel involved in our operations.
  • HSEQ campaigns with focus on health and well-being.

4. Quality education

  • Online training portal with courses for employees
  • Local training programmes in Norway and Trinidad & Tobago
  • Contribute to engineering studies

5. Gender Equality

  • Equal opportunities for all
  • Board of Directors consists of 43 % women
  • Group Management consists of 20 % women

6. Clean water and sanitation

  • Focus on water reduction measurements both at the office and on vessels

8. Decent work and economic growth

  • Provide quality in everything we do
  • Focus on health and safety measures
  • Provide trainee programs in several locations
  • Good working conditions

9. Industry, innovation and infrastructure

  • Contribute to engineering studies.
  • Sustainability is a key factor in innovation.
  • Encourage innovation by hiring in emission friendly vessels.

13. Climate action

  • Future transition to renewable segments
  • Focus on lower CO2- emissions when hiring vessels
  • Choose degradeable hydraulic oils in ROV systems
  • Choose environmentally friendly chemicals

14. Live below water

  • 0 major spills
  • Choose degradeable hydraulic oils in ROV systems
  • Focus on degradeable options for subsea equipment
  • Marine mammal preservation programmes

7. Affordable and clean energy

  • Focus on future transition to renewable segments
  • Reducing emissions by hiring vessels with lower emissions.
  • Installment of battery packs.

Reach Subsea operates in accordance with the following industry HSEQ standards:

  • Achilles JQS Supplier ID: 29193
  • Achilles FPAL Supplier ID: 10054069
  • Achilles Sellicha Supplier ID: 116519
  • ISO-9001-, 14001- and 45001 certificates

Employees

We believe our employees are the cornerstone of our business. We are committed to performing safe operations, with the health and safety of our people as our utmost priority. Reach Subsea has implemented a Quality Management System, including a set of rules and procedures to secure the safety of the people who work for us.

We operate within industry HSEQ- standards and are certified according to ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018. The HSEQ-Manual has implemented the work environmental management system. Everyone involved in our operations is responsible for carrying out their work in accordance with the Manual in a manner that will not harm health or safety, and perform good quality work according to the customer’s requirements . The CEO is responsible for ensuring implementation of the overall HSE- and Quality policy.


Environment

The world is facing a global energy revolution. Achieving the ambitions in the Paris Agreement requires a 45 % reduction of greenhouse gas emissions within 2030. At the same time, the world population and demand for energy is growing each year. Reducing emissions and maintaining growing and reliable energy production levels are global challenges and will require transition to renewable energy sources.

We already see signs of the green shift with increased demand for sustainable- and environmentally friendly solutions in the market. In order to maintain our position as an attractive business partner, we need to meet the stakeholder’s expectations when it comes to our environmental impacts.

The Board of Directors and Group Management frequently discuss climate-related issues, such as risks and opportunities that may arise from climate change and our strategic response to these. Risks and opportunities are identified by identifying and assessing changes in regulations, technological advances, as well as trends in market- and customer demands.


Reducing our emissions

Our goal is to have zero impact to the environment. As with all companies within the offshore industry, CO2 emissions from fuel oil consumption is our most significant environmental impact.


Responsible business

We believe that sustainability and long-term profitability go hand in hand. By continuing to focus on sustainable solutions we minimize risk, increase transparency and facilitate more efficient use of our resources – increasing our value and competitiveness.

In turn, profitability and financial strength help securing Reach Subsea as a reliable employer, providing workers with a secure and meaningful place to work.

We aim to be an attractive and professional subsea operator by maintaining high ethical standards, defined by our Code of Conduct. We promote transparency by following international legislations and requirements and contribute to anti-corruption and fraud-prevention by implementation of routines for selecting suppliers.


Key targets

We believe that sustainability and long-term profitability go hand in hand. By continuing to focus on sustainable solutions we minimize risk, increase transparency and facilitate more efficient use of our resources – increasing our value and competitiveness.

Developing our employees

The competence and capabilities within our workforce are key in ensuring our future sustainability. We work constantly to secure Reach Subsea as an attractive workplace to be able to attract and retain the right people.

Would you like to talk to us about sustainability?

We would like to have you aboard. If you have any questions, please feel free to contact CFO Birgitte Wendelbo Johansen.