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Subsea 7 targets Net Zero by 2050

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11 October 2021

Subsea 7 S.A. holds Sustainability as one of its core Values and today it announced its target to achieve Net Zero greenhouse gas (GHG) emissions by 2050. In addition, using 2018 as a baseline year, Subsea 7s target is to reduce its Scope 1 and Scope 2 emissions by 50% by 2035.

These targets are based upon plans to decarbonise Subsea 7s operations, implementing changes and solutions available today, as well as the deployment of new, cleaner technologies as they become commercially available at scale in the market. 

Emissions data will be published annually as part of Subsea 7s Sustainability Report and management will regularly update the market on the progress towards achieving this target.

John Evans, CEO of Subsea 7 commented: "Proactive participation in the Energy Transition has been at the heart of Subsea 7s evolution over the past decade both through our Renewables business unit and through our efforts to reduce our vessel emissions. Todays announcement marks another step in our journey towards decarbonising our business and I look forward to describing our progress in the coming years.
Subsea 7 targets Net Zero by 2050