Sustainability
Sustainability continues to be at the core of Argyle Offshore’s purpose and is integral to our overall strategy to grow the business sustainably into the future.
Our core belief that “marine resources should be developed sustainably” drives our strategic direction as we continue to transform our business along with the global energy transition.
Whilst our traditional markets of oil and gas will continue to be an important revenue source for the business for some time, we are focused on diversifying our revenue streams into sectors which support the energy transition such as offshore wind along with other adjacent marine markets such as government and defence and environmental services.
We are also looking at strategies to reduce our emissions including emerging technologies and innovations to address industry wide challenges.
Argyle Offshore’s key ESG initiatives are aligned with several of the United Nations Sustainable Development Goals, which address the key challenges currently faced globally. Argyle Offshore is focused on Goals 3, 5, 7, 8, 10, 12, 13 and 14 which are the most relevant to our operations.
Argyle Offshore’s ESG strategy is focused on the following key elements:
- Environment – how Argyle Offshore performs as a steward of nature.
- Social – how Argyle Offshore manages its relationships with employees, suppliers, customers and the community.
- Governance – how Argyle Offshore is governed.
Environment
We remain committed to minimizing the impact of our activities on the natural environment everywhere we operate. Protection of the environment is an essential element of operational planning and execution. Our long-term targets and global improvement plan is to:
– Minimize impact on the natural environment
– Promote energy efficiency
– Reduce carbon footprint and greenhouse gas emissions
– Prevent unnecessary waste
– Prepare for future challenges and opportunities through industry collaboration and leadership.
Energy efficiency
– Shore power system is installed on several vessels.
– Battery installations installed or planned in several vessels
– We reduce fuel consumption by equipping our vessels with state of the art Høglund Ship Performance system in combination with Maress digital software.
– Hull cleaning agreement in place with ECOsubsea
– Annual FO-campaigns giving high involvement and awareness among crew.
Waste reduction
We actively work towards reducing the use and disposal of plastic bottles and plastic on the vessels, replacing plastic bottles with thermo bottles and water dispensers on the vessels. Vendors use less wrapping on the pallets.
We have a continuous focus on reducing food waste aboard our vessels.
Recycling
Argyle Offshore ensures that vessels are demolished and recycled in accordance with internationally accepted green recycling regulations, practices and procedures. This includes IMO Guidelines on ship recycling, the Hong Kong International Convention for Safe and Environmentally Sound Recycling of Ships 2009, EU Regulation NO 1257/2013 regarding Ship Recycling.
Social
Safe Workplace
The Company shall provide a safe workplace for all employees. The Company policies “Environmental Policy”, “Health and Safety Policy” and “Personnel and Crew Management Policy”, are the governing documents and basis for our continuous safety work.
All employees have the obligation to stop or delay activities that may place him/her or others at risk of being injured. Employees and subcontractor working for Argyle Offshore have a duty to comply with HSEQ policy and are accountable for their individual performance, and the performance of those working under our supervision. By doing so, we will continuously develop our HSEQ culture and performance.
The Company shall have procedures in place for management of contractors and pre-qualification of shipyards, to ensure that health and safety issues are in compliance with our standard for employees also outside our organization. Reference is made to the new Transparency Act on this subject.
Gender Diversity
The Company focuses on gender diversity both onshore and offshore.
Mapping of age, gender and part time work is on going for all our workers, including seafarers employed by manning agents.
Following KPI-levels are set for both short and long term, and offshore and onshore:
Women offshore Level 3 & 4 (Jr. Officers & AB’s):
- 10% in 2025, 20% in 2030 and 50% in 2050
Women onshore Level 1 to 3 (Management & Department leads):
- Level 1: 20% in 2025, 40% in 2030 and 50% in 2050
- Level 2 & 3: 30% in 2025, 40% in 2030 and 50% in 2050
Governance
Argyle Offshore business model is based on a commitment to carry out our activities in an efficient and responsible manner for the long-term benefit of our shareholders and society. We support the United Nations (UNs) Sustainable Development Goals and the UN Global Compact’s Principles on human rights, labour standard, environment and anti-corruption.
Working conditions:
Argyle Offshore observes fair employment practices in every aspect of its business. The company is committed to providing equal opportunity and fair treatment to all individuals on the basis of merit, without discrimination on the grounds of race, colour, religion, national origin, gender, pregnancy, age, sexual orientation, disability or other characteristics protected by applicable law.
All our employees have the freedom of organization.
Anti corruption:
Argyle Offshore has a policy of zero tolerance for corruption. All our employees must refrain from using improper influence on any individual or entity. Due to the international nature of our business, we are subject to several anti-corruption laws.
Anti slavery:
Argyle Offshore has zero tolerance to modern slavery, and has effective systems to ensure that modern slavery or human trafficking is not taking place in our business or supply chains.