Share this article

GlobalData offers a comprehensive analysis of Subsea 7, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on Subsea 7‘s ESG performance. GlobalData’s company profile on Subsea 7 offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.

Smarter leaders trust GlobalData


Premium Insights Subsea 7 SA - Company Profile

Buy the Profiles

Premium Insights

The gold standard of business intelligence.

Find out more

Subsea 7, a leading offshore energy services company, has set a target to achieve net-zero emissions by 2050. The company aims to reduce scope 1 and 2 emissions by 50% by 2035 compared to a 2018 baseline. According to Sustainability Report 2022, the company's Scope 1, Scope 2, & Scope 3 GHG emissions were 617,309 CO2-e, 1,794 CO2-e, and 47,886 CO2-e tonnes respectively. The company is developing a Carbon Management System to measure and report its full carbon footprint in greater detail. Subsea 7's latest filings mentioned the keywords ‘Emissions’ and ' Carbon’ most number of times in relation to 'Net Zero'.

In 2022, Subsea 7's scope 1 emissions increased due to an increase in operational activity and fuel consumption from the addition of six heavy transportation vessels as part of the business combination with OHT ASA. The company's scope 2 emissions decreased, and it supported 10.5 GW of cumulative power capacity of renewable projects. Subsea 7 is committed to translating its renewable capabilities into benefits for clients within the fixed offshore wind industry and has set a target of supporting 18 GW of cumulative power capacity installed by 2025 and 30 GW by 2030.

In conclusion, to achieve its net-zero targets, Subsea 7 is taking steps to reduce emissions, including using hybrid vessels and implementing energy-saving measures. Subsea 7's risks related to greenhouse gas emissions are integrated into its climate-related considerations. Subsea 7 recognizes the importance of reducing the impact of climate change on both its strategic direction and financial performance. The company aims to enable the growth of renewables and emerging energy while continuously evolving lower-carbon oil and gas. Subsea 7's ESG ratings and rankings include a score of 52 from S&P Global ESG and a score of 19.9 from Sustainalytics.

Premium Insights


The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.


GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies representing the world’s largest industries. This analysis is combined with crucial details on strategic and investment priorities, innovation strategies, and CXO insights to provide comprehensive company profiles.