1.3.3Strategic Priorities
SBM Offshore’s strategy and capabilities come together to define the strategic priorities that guide its actions every day across all areas.
Drive Excellence
SBM Offshore understands its customers’ needs and consistently delivers on its promise to provide competitive and high-performance solutions, with unwavering commitment to health, safety and protection of the environment.
Target Excellence | SBM Offshore’s commitment to preservation of 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 is part of the energy transition: this means advancing the decarbonization journey and diversifying to unlock new markets. SBM Offshore aims to achieve net zero by 2050, with intermediary targets to reach carbon neutrality in direct and indirect emissions, and significantly reduce the carbon intensity of 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 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.