1.3.3Strategic Priorities
SBM Offshore’s strategy and capabilities come together to define the strategic priorities guiding daily operations towards longer-term goals.
Drive Excellence
SBM Offshore understands its customers’ needs and strives to consistently deliver on its promise to provide competitive and high-performing solutions with unwavering dedication to health, safety and protection of the environment.
Target Excellence | Preserving life and protection of the environment by delivering on No Harm, No Defects, No Leaks. |
Execution Excellence | Consistently delivering high-quality, high-performance products and services, on time and on budget. |
Enterprise Excellence | Providing efficient and effective people, processes, tools, governance and controls to enable the business. |
Decarbonize and Diversify
SBM Offshore seeks to play a constructive role and contribute to the energy transition. This means advancing the decarbonization journey and diversifying with the aim of unlocking new markets. SBM Offshore aspires to achieve net zero by 2050, with intermediary targets for 2030 to reach carbon neutrality in scope 1 and 2 emissions and significantly reduce the carbon intensity for scope 3 downstream leased assets.
At the same time, SBM Offshore explores new ocean infrastructure solutions and develops strategic partnerships to expand into attractive growth sectors.
Grow Economic Value
SBM Offshore focuses on maximizing value from its existing backlog, while expanding it through both traditional and new business opportunities and ensuring responsible development and more sustainable growth. By accurately estimating costs and maintaining robust gross margins, SBM Offshore balances risk and profitability through the business lifecycle, all while fostering a culture of financial discipline, cash focus and cost awareness. Through these efforts, SBM Offshore consistently delivers competitive, attractive returns for its shareholders.