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Oceaneering Announces Release of Inaugural Climate Change Report
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HOUSTON--(BUSINESS WIRE)--
Oceaneering International, Inc. (NYSE:OII) today announced that it has released its first Climate Change Report. The report aligns with the framework developed by the Task Force on Climate-related Financial Disclosures (“TCFD”) and includes analysis and progress updates across each of the four TCFD pillars: Governance, Strategy, Risk Management, and Metrics and Targets.
Roderick A. Larson, President and Chief Executive Officer of Oceaneering, stated, "We are pleased to issue our inaugural Climate Change Report. We recognize the risks posed by climate change and are actively working on our own initiatives and with our customers to mitigate the impacts of our operations on the environment. The TCFD framework gives us a widely accepted methodology that increases transparency in connection with our climate risk reporting and planning to limit the environmental impacts of our businesses and those of our customers. We have increased management engagement through our management-level Sustainability Committee, chaired by Holly Kriendler, our Chief Human Resources Officer, and Board oversight of sustainability issues and the strategies necessary to pivot portions of our business into less carbon intensive areas. We are also advancing an initiative in 2022 to baseline our Scope 1 and Scope 2 greenhouse gas, or GHG, emissions. This data will be used to develop ambition levels and action plans for short- and long-term emission reduction targets. We are committed to following and adapting to best practices to ensure our stakeholders have access to consistent and transparent climate change information."
Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries.
Mark Peterson Vice President, Corporate Development and Investor Relations
Oceaneering International, Inc. 713-329-4507
investorrelations@oceaneering.com
oceaneering pushes the frontiers of deep water, space and motion entertainment environments to execute with new, leading-edge connections to solve tomorrow’s challenges, today. as the trusted subsea connection specialist, our experience combined with the depth and breadth of our portfolio of technologies allows us to engineer solutions for the most complex subsea challenges. from routine to extreme, our integrated products, services, and innovative solutions safely de-risk operational systems, increase reliability, and enable a lower total cost of ownership. we are connecting what’s needed with what’s next as the world’s largest rov operator and the leading rov provider to the oil and gas industry with over 300 systems operating worldwide. with our safety-focused and innovative approach, we responsively and decisively react to subsea challenges while providing solutions swiftly and efficiently.
