ESGBERT/environment_data · Datasets at Hugging Face

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and we require our contractors and suppliers to implement similar environmental management programs.
Promote greater environmental responsibility Sustainability is one of our core values and ensures the long-term health and success of our people, our business, and the surroundings we work in.
Over the coming years, we intend to further strengthen our Environmental, Social and Governance (ESG) commitment and performance as we work towards our vision of being the most trusted shipping company.
The majority of our LNG fleet uses more environmentally friendly LNG as a fuel and across our crude/product tanker fleet, we made the decision to adopt low-sulphur fuel instead of installing scrubbers to comply with the IMO 2020 standards.
We are proud to support the UN Global Compact, reinforcing our group’s deep, long-standing commitment to responsible safety and environmental practices.
In my letter last year, I said that two important ESG issues for the tanker and broader maritime industry were to support crew welfare and to continue efforts to reduce greenhouse gas emissions.
This past year, we were also active in testing and implementing several new initiatives to improve the energy efficiency of our fleet and reduce greenhouse gas emissions.
While further environmental performance improvements will remain a top priority, we must also never lose focus on what matters most—the safety and wellbeing of our people.
To promote diversity on shore and at sea, we are committed to offering equal employment opportunities with transparent career paths.
We are also active in both government and industry forums involving employee engagement, flexibility, wellness and gender equality and diversity in shipping.
In participated in the shipping industry Diversity Study Group and have since signed on as a member from the beginning of 2022.
Teekay Tankers continues to invest in energy efficiency.
Overall, these efforts have helped to significantly improve our emissions performance.
Since emissions intensity has decreased 26% in our Suezmax fleet, and 9% in our Aframax fleet.
Our own goals align with the IMO’s ambition, which is to reduce the energy intensity of our fleet by at least 2030.
We have made good progress and are well-positioned to comply with the upcoming Energy Efficiency Existing Ship Index (EEXI) requirements in 2023.
In the years ahead, we will continue to test and implement successful energy efficiency initiatives across our fleet and will continue to investigate new technologies to reduce emissions.
Air Quality Full compliance with the IMO resulted in fleet sulfur oxide (SOx) emissions decreasing by more than 80%.
Teekay Tankers continues to use low-sulfur fuels and has not installed any exhaust gas cleaning systems (scrubbers).
In (MEPC) published the final requirements for compliance with the Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII).
Separately, discussions are ongoing at the IMO for the adoption of several CII correction factors to account for certain unique tanker operations that necessarily increase fuel consumption, such as cargo heating and ship-to-ship (STS) operations.
We believe that the application of suitable correction factors will reduce recorded tanker emissions by about reductions in our vessels’ emissions can be achieved through proper operational planning, usage, and vessel positioning.
We are working on various energy saving devices that can assist Teekay Tankers to save fuel and are also working to build a CII Predictor Tool that can be used by our chartering and commercial teams to position and trade our vessels to ensure acceptable CII ratings.
Marine Ecological Impacts We have installed Ballast Water Treatment Systems (BWTS) on 22 vessels in our fleet.
FuelOpt The system assists to automatically optimize fuel consumption by maintaining a steady shaft power.
Boiler Optimization In 2021, we identified a vessel to pilot test continuous low load operation of the auxiliary boiler, which will save fuel by avoiding frequent boiler start-stops.
It operates in the Particularly Sensitive Sea Areas (PSSA) of the northern Great Barrier Reef and Torres Strait and is equipped to respond to maritime incidents such as search and rescue or oil pollution response as a first strike vessel.
ADV Ocean Protector Ocean Protector is operated under the Royal Australian Naval Flag by a civilian Teekay crew.
As a smaller coastal vessel, the Mercator plays a key role in training RAN sailors in coastal navigation, ship handling and watch keeping procedures.
Over the last environment, Teekay Australia has grown to provide a range of marine services and has developed a significant level of expertise and experience to support the requirements of various clients, including the Commonwealth of Australia.
Teekay Australia Employee Facts PEOPLE AND DIVERSITY Managing such a varied fleet means that a one-size-fitsall approach is rarely suitable and therefore each aspect of ship management needs to be evaluated, risk-assessed and managed individually to suit the vessel’s unique profile.
Teekay Australia celebrates its diversity and the benefits it brings to our work culture.
Staying true to our SPIRIT values, we placed significant effort in understanding and addressing the potential impacts to our global employee population and their families, and our business continuity plans remain firmly in place to minimize the risk of infection on board and ashore.
While working in the office, our priority was ensuring a safe working environment for all employees.
To further support the transition to a hybrid work environment, we hosted a virtual event for global sea and shore employees to connect and collaborate through the Teekay ‘Future of’ Summit.
PEOPLE AND DIVERSITY A Diverse and Inclusive Workforce We are proud that our long history has represented a varied set of experiences, perspectives, and cultural backgrounds and we are proactive in promoting equal career advancement opportunities for all our employees.
In be further explored across other demographics as we continue to proceed with launching our Diversity and Inclusion strategy for our sea and shore staff.
In the development of our Diversity and Inclusion strategy, we will focus on increasing employee awareness on labour and human rights policies and programs.
Cadets were able to attend school extracurricular activities, sailings, coastal clean-ups, community extension activities, and soft skills enhancement training.
PROMOTING RESPONSIBLE SHIP RECYCLING In 2009, the IMO adopted the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, which ensures that health, safety, and environmental risks are minimized as much as possible throughout every part of the recycling process.
To ensure our standards are met, Teekay had permanent representative onsite from May to December actively engage with M.A.R.S and monitor health, safety, and environmental performance during the recycling process.
Green recycling of the Petrojarl Banff FPSO at M.A.R.S. Europe in Denmark SUPPLY CHAIN MANAGEMENT As a company that firmly believes in good ethical practices and doing business with integrity, it is important for Teekay to conduct the necessary due diligence to ensure we work with like-minded companies and in a manner that contributes to society and the environment we work in.
Teekay has implemented a “defense in depth” approach to ensure we are not relying on any single mitigation of an identified risk.
Emissions 305-2 Energy indirect (Scope 2) emissions Not reported.
environment for our personnel and generating returns to our investors.
is Important to Us When it comes to addressing climate and our related impacts and opportunities, the pace of change remains one of our biggest challenges, as it is for the broader energy industry.
We actively manage climate change risks through this lifecycle, including greenhouse gas (GHG) emissions.
We take all challenges and opportunities into consideration as we look to achieve substantial reductions in our carbon footprint, and this includes the carbon impacts associated with building new vessels.
This includes ensuring that the vessels are prepared to efficiently use the fuel provided by our clients, where it is supplied.
This battery and shore power technology has consistently demonstrated its effectiveness in reducing emissions, and where the commercial and port infrastructure environment can support these types of upgrades, we intend to continue its implementation.
Investments in data capture, analysis and reporting systems continued throughout 2021.
Part of Our Culture With the broadest operating footprint in the offshore support vessel (OSV) industry globally, we have one of the most diverse teams in the industry.
We will deliver these services with the highest level of operational performance to ensure safety for our people, compliance with all laws and regulations, and respect for the environment and local communities in which we work.
Tidewater provides offshore marine support and transportation services to the global offshore energy industry through the operation of one of the largest and most diverse fleets of specialized vessels in the world.
of the four areas (human rights, labour, environment and anti-corruption).
As we discussed in our cover again in this report, we have been working to develop accurate, transparent, and verifiable data associated with our carbon footprint, so that when specific targets are set, we have the basis to present a credible plan to achieve these targets.
In we plan to increase engagement with our supply chain to ensure alignment with all ESG topics, not limited to Scope 3 emissions alone.
We will monitor the development of these proposed rules and act to enhance our disclosures to continually provide our stakeholders with improved transparency on our business impacts.
In and GHG performance to the CDP, a non-profit charity that runs the global disclosure system for investors, companies, cities, states and regions, to manage their environmental impacts.
Throughout 2021, the company continued to invest in and implement a broad ecosystem of digital tools, from data capture and analysis to reporting systems.
For example, in commenced the implementation of a digital sustainability data capture, analysis and reporting tool that will centralize E, S and G information and allow for targetsetting and progress measurement.
Topics that have a significant environmental, social, or economic impact, and those important to our stakeholders, are considered material.
In this new standard, “impact” has been clarified to refer to the effect an organization has on the economy, the environment, and/or society, which can indicate its contribution to sustainable development, either negatively or positively.
Automated procurement, maintenance, and repair system 1312 CLIMATE AND EMISSIONS Climate change and air emissions are shaping the course of the maritime industry and will continue to do so going forward.
As a business, we also see the critical role we can play in addressing our impact on climate change through the credible reduction of our greenhouse gas (GHG) emissions.
market-based In 2020, we developed and reported a baseline for our GHG emissions.
Our gross emissions decreased by 576,752 metric tons of carbon dioxide equivalent (CO2-e) GHG emissions in 2021.
Our accuracy also continues to improve with the ongoing implementation of data capture technology, such as fuel monitoring systems.
The Scope 1 emissions, calculated using an operational control approach, and 2,119 tons Scope 2 emissions, calculated using a market-based approach (1,357 tons if a locationbased approach is used).
Fleet fuel usage and emissions data continues to be under evaluation, and once an appropriate methodology has been set, this will pave the way to enable us to set targets.
These will be aligned with the goal of the United Nations Framework Convention on Climate Change, better known as the Paris Agreement or COPglobal warming under two degrees Celsius and the IMO’s own climate goal to reduce absolute emissions by 50% by 2050 and by 70% on an intensity basis.
As an offshore marine support and transportation service provider, the most common current intensity measure for maritime transport, GHG emissions per ton-kilometer, does not apply in the same way as it applies to large cargo transport ships.
The operation of our vessels is largely determined by our customers’ requirements, and, in many cases, specific instructions, including type of fuel to be used.
Distance and weight factors only partially account for the nature of our operating services.
We continue to consider a wide range of solutions to reduce our emissions and are looking closely at how fitting those solutions into our business would deliver value over the short, medium, and longer terms.
Reducing emissions at a pace needed to align with sector and global targets will require a varied approach that leverages every option available to Tidewater, including maximizing operational efficiencies, crew training, vessel designs, and alternative fuel types.
Our clients also specify and provide the fuel used by our vessels, in most cases.
With the joint focus on reducing emissions and our overall carbon footprint, we are closely partnering with our clients to identify opportunities to further our objectives through operational efficiencies.
The landscape regarding fuel, such as technology, storage, availability, cost and refueling is uncertain.
In to evaluate potential alternative fuels with these considerations in mind.
Suitability to the assets we currently own is one consideration, but the infrastructure available to deliver these fuels in the areas in which we operate is another.
Hybrid technology is somewhat decoupled from the alternative fuel availability challenges, as batteries added to augment vessel power plants do not rely on port infrastructure to operate.
Hybrid upgrades are significant investments, and we are pleased to have successfully implemented contractual frameworks with several clients that achieve our mutual goals of reducing our negative impact on the environment, while ensuring we do so in a sustainable manner by agreeing to commercial terms that support these investments.
ENVIRONMENT As part of our ongoing fleet upgradation program, we continue to responsibly recycle those vessels that we have determined are no longer viable to operate due to age, commercial viability or emissions performance.
MANAGING OUR ENVIRONMENTAL IMPACTS We operate our vessels in marine environments all around the world and managing our impacts is always a high priority.
Our people understand that it is essential that we follow our internal processes and comply with international regulations intended to manage ecological impacts.
Tidewater had protected areas (MPAs) or emission control areas (ECAs) in 2021.
The prevention of pollution by solid waste from ships is regulated by MARPOL’s Annex V, which prohibits the discharge of most waste into the sea.
Regulated waste accumulated aboard a vessel is disposed of at designated port reception facilities and, where port facilities allow, some waste materials are recycled.
After completing two trials in Africa fleets to set out the best processes/practices for managing waste responsibly, we are now establishing objectives and targets for non-recyclable and recyclable waste aboard all our vessels which will be reported in 2022.
The types of potentially hazardous material we may handle include drilling tailings; methane; and various fuels, fluids, and lubricants.
The handling of ballast water is regulated by the International Convention for the Control and Management of Ships’ Ballast Water and Sediments.
All Tidewater vessels have ballast water management plans in place in accordance with the IMO’s Ballast Water Management Convention, which meets the D-2 Standard.
Ballast water is essential for the safe and efficient operation of vessels.
The majority of our fleet uses drill water (municipal water from shoreside), which is not discharged into the environment and not subject to the requirements of the Convention.
This enables us to meet the D- Standard and avoid performing ballast water exchange at sea.
As activity levels continue to improve due to increased industry demand and the further lifting of pandemic restrictions, we intend to remain focused on managing risk in our operations, continuing to implement mitigation processes, and encouraging and supporting a proactive health and safety culture.
Our focus is on creating an environment where our colleagues feel respected, valued, and can contribute to their fullest potential.
Courage DIVERSITY The COVID-19 pandemic continued to impact our human capital management in 2021, in particular for our crews on vessels.
COVID-We embrace the diversity of our team members, stakeholders and customers, including their unique backgrounds, experiences, thoughts and talents.

and we require our contractors and suppliers to implement similar environmental management programs.

Promote greater environmental responsibility Sustainability is one of our core values and ensures the long-term health and success of our people, our business, and the surroundings we work in.

Over the coming years, we intend to further strengthen our Environmental, Social and Governance (ESG) commitment and performance as we work towards our vision of being the most trusted shipping company.

The majority of our LNG fleet uses more environmentally friendly LNG as a fuel and across our crude/product tanker fleet, we made the decision to adopt low-sulphur fuel instead of installing scrubbers to comply with the IMO 2020 standards.

We are proud to support the UN Global Compact, reinforcing our group’s deep, long-standing commitment to responsible safety and environmental practices.

In my letter last year, I said that two important ESG issues for the tanker and broader maritime industry were to support crew welfare and to continue efforts to reduce greenhouse gas emissions.

This past year, we were also active in testing and implementing several new initiatives to improve the energy efficiency of our fleet and reduce greenhouse gas emissions.

While further environmental performance improvements will remain a top priority, we must also never lose focus on what matters most—the safety and wellbeing of our people.

To promote diversity on shore and at sea, we are committed to offering equal employment opportunities with transparent career paths.

We are also active in both government and industry forums involving employee engagement, flexibility, wellness and gender equality and diversity in shipping.

In participated in the shipping industry Diversity Study Group and have since signed on as a member from the beginning of 2022.

Teekay Tankers continues to invest in energy efficiency.

Overall, these efforts have helped to significantly improve our emissions performance.

Since emissions intensity has decreased 26% in our Suezmax fleet, and 9% in our Aframax fleet.

Our own goals align with the IMO’s ambition, which is to reduce the energy intensity of our fleet by at least 2030.

We have made good progress and are well-positioned to comply with the upcoming Energy Efficiency Existing Ship Index (EEXI) requirements in 2023.

In the years ahead, we will continue to test and implement successful energy efficiency initiatives across our fleet and will continue to investigate new technologies to reduce emissions.

Air Quality Full compliance with the IMO resulted in fleet sulfur oxide (SOx) emissions decreasing by more than 80%.

Teekay Tankers continues to use low-sulfur fuels and has not installed any exhaust gas cleaning systems (scrubbers).

In (MEPC) published the final requirements for compliance with the Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII).

Separately, discussions are ongoing at the IMO for the adoption of several CII correction factors to account for certain unique tanker operations that necessarily increase fuel consumption, such as cargo heating and ship-to-ship (STS) operations.

We believe that the application of suitable correction factors will reduce recorded tanker emissions by about reductions in our vessels’ emissions can be achieved through proper operational planning, usage, and vessel positioning.

We are working on various energy saving devices that can assist Teekay Tankers to save fuel and are also working to build a CII Predictor Tool that can be used by our chartering and commercial teams to position and trade our vessels to ensure acceptable CII ratings.

Marine Ecological Impacts We have installed Ballast Water Treatment Systems (BWTS) on 22 vessels in our fleet.

FuelOpt The system assists to automatically optimize fuel consumption by maintaining a steady shaft power.

Boiler Optimization In 2021, we identified a vessel to pilot test continuous low load operation of the auxiliary boiler, which will save fuel by avoiding frequent boiler start-stops.

It operates in the Particularly Sensitive Sea Areas (PSSA) of the northern Great Barrier Reef and Torres Strait and is equipped to respond to maritime incidents such as search and rescue or oil pollution response as a first strike vessel.

ADV Ocean Protector Ocean Protector is operated under the Royal Australian Naval Flag by a civilian Teekay crew.

As a smaller coastal vessel, the Mercator plays a key role in training RAN sailors in coastal navigation, ship handling and watch keeping procedures.

Over the last environment, Teekay Australia has grown to provide a range of marine services and has developed a significant level of expertise and experience to support the requirements of various clients, including the Commonwealth of Australia.

Teekay Australia Employee Facts PEOPLE AND DIVERSITY Managing such a varied fleet means that a one-size-fitsall approach is rarely suitable and therefore each aspect of ship management needs to be evaluated, risk-assessed and managed individually to suit the vessel’s unique profile.

Teekay Australia celebrates its diversity and the benefits it brings to our work culture.

Staying true to our SPIRIT values, we placed significant effort in understanding and addressing the potential impacts to our global employee population and their families, and our business continuity plans remain firmly in place to minimize the risk of infection on board and ashore.

While working in the office, our priority was ensuring a safe working environment for all employees.

To further support the transition to a hybrid work environment, we hosted a virtual event for global sea and shore employees to connect and collaborate through the Teekay ‘Future of’ Summit.

PEOPLE AND DIVERSITY A Diverse and Inclusive Workforce We are proud that our long history has represented a varied set of experiences, perspectives, and cultural backgrounds and we are proactive in promoting equal career advancement opportunities for all our employees.

In be further explored across other demographics as we continue to proceed with launching our Diversity and Inclusion strategy for our sea and shore staff.

In the development of our Diversity and Inclusion strategy, we will focus on increasing employee awareness on labour and human rights policies and programs.

Cadets were able to attend school extracurricular activities, sailings, coastal clean-ups, community extension activities, and soft skills enhancement training.

PROMOTING RESPONSIBLE SHIP RECYCLING In 2009, the IMO adopted the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, which ensures that health, safety, and environmental risks are minimized as much as possible throughout every part of the recycling process.

To ensure our standards are met, Teekay had permanent representative onsite from May to December actively engage with M.A.R.S and monitor health, safety, and environmental performance during the recycling process.

Green recycling of the Petrojarl Banff FPSO at M.A.R.S. Europe in Denmark SUPPLY CHAIN MANAGEMENT As a company that firmly believes in good ethical practices and doing business with integrity, it is important for Teekay to conduct the necessary due diligence to ensure we work with like-minded companies and in a manner that contributes to society and the environment we work in.

Teekay has implemented a “defense in depth” approach to ensure we are not relying on any single mitigation of an identified risk.

Emissions 305-2 Energy indirect (Scope 2) emissions Not reported.

environment for our personnel and generating returns to our investors.

is Important to Us When it comes to addressing climate and our related impacts and opportunities, the pace of change remains one of our biggest challenges, as it is for the broader energy industry.

We actively manage climate change risks through this lifecycle, including greenhouse gas (GHG) emissions.

We take all challenges and opportunities into consideration as we look to achieve substantial reductions in our carbon footprint, and this includes the carbon impacts associated with building new vessels.

This includes ensuring that the vessels are prepared to efficiently use the fuel provided by our clients, where it is supplied.

This battery and shore power technology has consistently demonstrated its effectiveness in reducing emissions, and where the commercial and port infrastructure environment can support these types of upgrades, we intend to continue its implementation.

Investments in data capture, analysis and reporting systems continued throughout 2021.

Part of Our Culture With the broadest operating footprint in the offshore support vessel (OSV) industry globally, we have one of the most diverse teams in the industry.

We will deliver these services with the highest level of operational performance to ensure safety for our people, compliance with all laws and regulations, and respect for the environment and local communities in which we work.

Tidewater provides offshore marine support and transportation services to the global offshore energy industry through the operation of one of the largest and most diverse fleets of specialized vessels in the world.

of the four areas (human rights, labour, environment and anti-corruption).

As we discussed in our cover again in this report, we have been working to develop accurate, transparent, and verifiable data associated with our carbon footprint, so that when specific targets are set, we have the basis to present a credible plan to achieve these targets.

In we plan to increase engagement with our supply chain to ensure alignment with all ESG topics, not limited to Scope 3 emissions alone.

We will monitor the development of these proposed rules and act to enhance our disclosures to continually provide our stakeholders with improved transparency on our business impacts.

In and GHG performance to the CDP, a non-profit charity that runs the global disclosure system for investors, companies, cities, states and regions, to manage their environmental impacts.

Throughout 2021, the company continued to invest in and implement a broad ecosystem of digital tools, from data capture and analysis to reporting systems.

For example, in commenced the implementation of a digital sustainability data capture, analysis and reporting tool that will centralize E, S and G information and allow for targetsetting and progress measurement.

Topics that have a significant environmental, social, or economic impact, and those important to our stakeholders, are considered material.

In this new standard, “impact” has been clarified to refer to the effect an organization has on the economy, the environment, and/or society, which can indicate its contribution to sustainable development, either negatively or positively.

Automated procurement, maintenance, and repair system 1312 CLIMATE AND EMISSIONS Climate change and air emissions are shaping the course of the maritime industry and will continue to do so going forward.

As a business, we also see the critical role we can play in addressing our impact on climate change through the credible reduction of our greenhouse gas (GHG) emissions.

market-based In 2020, we developed and reported a baseline for our GHG emissions.

Our gross emissions decreased by 576,752 metric tons of carbon dioxide equivalent (CO2-e) GHG emissions in 2021.

Our accuracy also continues to improve with the ongoing implementation of data capture technology, such as fuel monitoring systems.

The Scope 1 emissions, calculated using an operational control approach, and 2,119 tons Scope 2 emissions, calculated using a market-based approach (1,357 tons if a locationbased approach is used).

Fleet fuel usage and emissions data continues to be under evaluation, and once an appropriate methodology has been set, this will pave the way to enable us to set targets.

These will be aligned with the goal of the United Nations Framework Convention on Climate Change, better known as the Paris Agreement or COPglobal warming under two degrees Celsius and the IMO’s own climate goal to reduce absolute emissions by 50% by 2050 and by 70% on an intensity basis.

As an offshore marine support and transportation service provider, the most common current intensity measure for maritime transport, GHG emissions per ton-kilometer, does not apply in the same way as it applies to large cargo transport ships.

The operation of our vessels is largely determined by our customers’ requirements, and, in many cases, specific instructions, including type of fuel to be used.

Distance and weight factors only partially account for the nature of our operating services.

We continue to consider a wide range of solutions to reduce our emissions and are looking closely at how fitting those solutions into our business would deliver value over the short, medium, and longer terms.

Reducing emissions at a pace needed to align with sector and global targets will require a varied approach that leverages every option available to Tidewater, including maximizing operational efficiencies, crew training, vessel designs, and alternative fuel types.

Our clients also specify and provide the fuel used by our vessels, in most cases.

With the joint focus on reducing emissions and our overall carbon footprint, we are closely partnering with our clients to identify opportunities to further our objectives through operational efficiencies.

The landscape regarding fuel, such as technology, storage, availability, cost and refueling is uncertain.

In to evaluate potential alternative fuels with these considerations in mind.

Suitability to the assets we currently own is one consideration, but the infrastructure available to deliver these fuels in the areas in which we operate is another.

Hybrid technology is somewhat decoupled from the alternative fuel availability challenges, as batteries added to augment vessel power plants do not rely on port infrastructure to operate.

Hybrid upgrades are significant investments, and we are pleased to have successfully implemented contractual frameworks with several clients that achieve our mutual goals of reducing our negative impact on the environment, while ensuring we do so in a sustainable manner by agreeing to commercial terms that support these investments.

ENVIRONMENT As part of our ongoing fleet upgradation program, we continue to responsibly recycle those vessels that we have determined are no longer viable to operate due to age, commercial viability or emissions performance.

MANAGING OUR ENVIRONMENTAL IMPACTS We operate our vessels in marine environments all around the world and managing our impacts is always a high priority.

Our people understand that it is essential that we follow our internal processes and comply with international regulations intended to manage ecological impacts.

Tidewater had protected areas (MPAs) or emission control areas (ECAs) in 2021.

The prevention of pollution by solid waste from ships is regulated by MARPOL’s Annex V, which prohibits the discharge of most waste into the sea.

Regulated waste accumulated aboard a vessel is disposed of at designated port reception facilities and, where port facilities allow, some waste materials are recycled.

After completing two trials in Africa fleets to set out the best processes/practices for managing waste responsibly, we are now establishing objectives and targets for non-recyclable and recyclable waste aboard all our vessels which will be reported in 2022.

The types of potentially hazardous material we may handle include drilling tailings; methane; and various fuels, fluids, and lubricants.

The handling of ballast water is regulated by the International Convention for the Control and Management of Ships’ Ballast Water and Sediments.

All Tidewater vessels have ballast water management plans in place in accordance with the IMO’s Ballast Water Management Convention, which meets the D-2 Standard.

Ballast water is essential for the safe and efficient operation of vessels.

The majority of our fleet uses drill water (municipal water from shoreside), which is not discharged into the environment and not subject to the requirements of the Convention.

This enables us to meet the D- Standard and avoid performing ballast water exchange at sea.

As activity levels continue to improve due to increased industry demand and the further lifting of pandemic restrictions, we intend to remain focused on managing risk in our operations, continuing to implement mitigation processes, and encouraging and supporting a proactive health and safety culture.

Our focus is on creating an environment where our colleagues feel respected, valued, and can contribute to their fullest potential.

Courage DIVERSITY The COVID-19 pandemic continued to impact our human capital management in 2021, in particular for our crews on vessels.

COVID-We embrace the diversity of our team members, stakeholders and customers, including their unique backgrounds, experiences, thoughts and talents.