2023 Corporate Sustainability Report


Sustainability continues to drive our business strategy and decision-making with a renewed focus on our commitment to energy security and participation in the world’s energy transition.  Through maximizing existing reserves, decommissioning and renewable energy support, our services lay the foundation for this transformation.  

Our 2023 Corporate Sustainability Report details our Greenhouse Gas Emissions and reduction targets and is designed to align and be guided by the Task Force for Climate-Related Financial Disclosure (TCFD) voluntary reporting framework, the Applicable Value Reporting Foundation’s Sustainability Accounting Standards Board (SASB) - Oil and Gas Services Standard, Institutional Shareholder Services (ISS), Sustainalytics and the Global Reporting Initiative (GRI).

Corporate Sustainability Report
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Letter to Our Stakeholders

As the Chief Executive Officer of Helix Energy Solutions Group for over three decades, I have personally witnessed and directed the evolution of Helix from our predecessor Cal-Dive as an offshore diving services company to a multi-faceted energy services company supporting energy transition. 

Through the years, we have maintained incremental growth and a strong balance sheet with an overarching focus on our Safety, Sustainability and Value Creation.  Recently, the COVID-19 pandemic and the invasion into Ukraine brought to light, on a global stage, the realization that energy security is an essential component on the path to energy transition.  The Company we have evolved into and the continued enhancement of our services are well suited to support both of these goals.  

Read Letter to Our Stakeholders

2022 highlights

Our People

0

Lost Time Incidents (LTIs)

4,409

Helix Producer I Days Without an LTI

0

Work-Related Fatalities

34

Nationalities Represented in our Global Workforce

Safety First

Protect Your Hands Safety Campaign

57%

Employees employed 5+ years

34%

Onshore employees are Female

Our Environment

12%

Scope 1 Reduction in CO2e Per Day Under Charter

29%

Scope 2 Reduction

11%

Scope 3 Reduction

0

Significant Environmental Spills

53%

Renewable Energy Trenching Projects

55%

Renewable Energy ROV Projects

427

Total wells plugged and abandoned globally

Our Leadership

38%

Female Board Members

88

Of our board is Independent

100%

Independent Board Committees

Separate

Board Chairman and Chief Executive Officer

100%

Executive Leadership Team Promoted from Within

22 Years

Average Tenure of Executive Leadership Team

40%

Corporate and subsidary management from underrepresented groups

Our Sustainability Priorities

People

While we maintain a fleet of superior vessels and equipment throughout the world, it is our employees that truly make Helix a premier service provider by providing best-in-class service 24 hours a day, 7 days a week, 365 days a year. To hire, retain and develop top talent, we prioritize a work environment based on integrity, respect and inclusion and working conditions aligned with international standards respecting human rights.

Governance

We believe that solid corporate governance practices are the foundation of lasting performance, and we are committed to maintaining best practices in governance, with appropriate Board oversight of strategy and risk, including entrustment of ESG oversight to our Board’s Corporate Governance and Nominating Committee.

Health and Safety

With over 1,200 offshore employees globally, the health and safety of our workforce is our number one priority. We provide our employees with the resources, support, and tools to perform their jobs safely, efficiently and in an environmentally conscious way. Safety is a performance metric that is core to our Company’s culture.

Value Creation

By providing our customers with superior service using more efficient vessels and tools, we play a critical role in maximizing production and decommissioning wells throughout the world. In addition, we are focused on capital discipline, cash flow generation and returns to our shareholders.

Environmental Impact and Energy Transition

Our mission is to be the premier provider and partner of choice for offshore well intervention services, decommissioning and renewable energy support, while providing these services in a manner that meets evolving environmental standards and our own greenhouse gas emission and energy reduction goals. We strive to minimize our impact on the ecosystems and biodiversity of the waters where we operate.

Ethics

Obeying the law, both in letter and in spirit, is the foundation on which Helix’s ethical standards are built. Ingraining ethical behavior into all interactions through the implementation of our Code of Business Conduct and Ethics is paramount throughout our organization.