In early 2022, we undertook Acteon’s first ESG materiality assessment. Partnering with ERM, the sustainability consultancy firm, we conducted a comprehensive review of the environmental, social and governance topics most relevant to our industry.
The materiality assessment forms the foundation for our ESG strategy, allows us to engage and align with our stakeholders, and provides us the necessary focus on the most important topics to our business over the next 3-5 years.
Guided by other world organisation standards, we researched the focus areas for our customers, peers and investors, as well as conducted an internal survey of our employees.
The results of the materiality assessment identified the following as key sustainability topics for our business and our stakeholders:
- Health and safety
- Climate change
- Ethics and compliance
The assessment also highlighted the impact Acteon can make through innovation to support the energy transition and reduce the impact on biodiversity when working offshore. Engagement with our employees particularly demonstrated their willingness to make a considerable contribution to sustainability.
Implementing our ESG strategy
Based on this ESG materiality assessment, we have embarked on a journey to embed these sustainability considerations into Acteon’s overall corporate strategy, continuously evaluate our management approaches against these material topics and develop ambitious goals.
We have also expanded the sustainability-related committees at the Board and executive levels to help us achieve them. And are now in the process of developing an ESG reporting matrix for greater accountability and to focus our resources where they will be most impactful.
We are extremely proud of what we’ve accomplished in a very short period of time, and our ESG journey will continue with vigour.