McDermott's 2023 Sustainability Report: Driving Cleaner Energy Solutions Globally
Key Ideas
  • McDermott releases its 2023 Sustainability Report showcasing progress in ESG commitments, emphasizing cleaner energy pathways.
  • The report highlights industry-leading safety performance, adoption of renewable energy, and advancements in low-carbon projects like offshore wind and LNG production.
  • Partnerships to explore low-carbon pathways including hydrogen production and carbon capture have been instrumental in McDermott's initiatives.
  • Local content programs have positively impacted host countries, receiving national recognition for fostering social and economic growth.
McDermott has unveiled its 2023 Sustainability Report, detailing the company's strides in environmental, social, and governance commitments during its centennial year. The report underscores McDermott's dedication to facilitating cleaner and more efficient energy production and delivery globally. With a focus on project excellence, responsible business practices, and supporting the transition to a lower carbon future, McDermott emphasizes its role in driving innovation in the energy sector. The report showcases McDermott's outstanding safety performance, increased adoption of renewable energy sources, utilization of onsite solar power generation, and integration of digital technologies to enhance operational efficiencies. McDermott's efforts in advancing low-carbon projects, such as offshore wind generation and liquefied natural gas (LNG) production, aim to meet global energy demands while minimizing environmental impact. Notably, McDermott has collaborated with various organizations to explore low-carbon pathways, including initiatives related to hydrogen production and carbon capture utilization and storage. The company's local content programs have been successful in developing skills and fostering business acumen in host countries, contributing to social, economic, and institutional growth. These endeavors have garnered national recognition in Uganda. The report was prepared in alignment with international frameworks and best practices, such as the Global Reporting Initiative Standards, Sustainability Accounting Standards Board, United Nations Sustainable Development Goals, and various industry associations. McDermott's holistic approach to sustainability underscores its commitment to driving positive change in the energy sector. McDermott's Executive Vice President of Sustainability and Governance, Rachel Clingman, acknowledges the pivotal role of dedicated employees in achieving these milestones. The company's integrated EPCI capabilities remain customer-focused, aligning with clients' ESG goals to deliver innovative and sustainable projects. By prioritizing responsible engineering and construction solutions, McDermott aims to harness and transform global energy resources in a sustainable manner, paving the way for a brighter and more environmentally conscious future for all stakeholders.
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