Letter to Our Stakeholders
This Sustainability Report offers an excellent opportunity to not only reflect on our 2023 initiatives, but also to describe our strategy and business model in the context of Sustainability. Helix had strong operating performance in 2023, as we continued to reap the benefits of our Energy Transition strategy.
Since 2012, the Helix business model has been focused on the late life aspects of the Oil & Gas market and providing specialty support to the development of offshore wind Renewables and energy. Through the years, we have maintained incremental growth and a strong balance sheet with an overarching focus on our Safety, Sustainability and Value Creation. We offer services in three areas key to our Energy Transition strategy:
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.
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.
Value Creation
By providing our customers with superior service using more efficient vessels and tools, we play a critical role in maximizing existing reserves and decommissioning wells throughout the world. In addition, we are focused on capital discipline, cash flow generation and returns to our shareholders.
Health and Safety
With over 2,000 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.
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.
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.