4.11GRI Content Index

This report has been prepared in accordance with the Global Reporting Initiative standards: Core option (General Disclosures and information linked to our Material Topics from version 2016 of the GRI standards.

Standard

Disclosure

Reference /direct answer

1. Organizational profile

102-1

Name of the organization

SBM Offshore N.V

102-2

Activities, brands, products, and services

1.2

102-3

Location of the organization’s headquarters

5.2

102-4

Location of operations

1.2

102-5

Ownership and legal form

3.2

102-6

Markets served

1.2

102-7

Scale of the organization

1.2, 2.2

102-8

Information on employees and other workers

2.1.4, 4.10

102-9

Supply chain

2.1.3

102-10

Significant changes to the organization and its supply chain

No significant changes

102-11

Precautionary Principle or approach

Sustainability policy

102-12

External initiatives

2.2

102-13

Memberships of associations

2.1.2.1

2. Strategy

102-14

Statement from senior decision-maker

1.1.1

3. Ethics and integrity

102-16

Values, principles, standards, and norms of behavior

1.3.1, 3.6.2, 3.8.2

4. Governance

102-18

Governance structure

3.2

5. Stakeholder Engagement

102-40

List of stakeholder groups

1.2

102-41

Collective bargaining agreements

4.9.4, 4.10.3

102-42

Identifying and selecting stakeholders

1.2, 4.8

102-43

Approach to stakeholder engagement

1.2, 4.8

102-44

Key topics and concerns raised

1.2

6. Reporting practise

102-45

Entities included in the consolidated financial statements

4.3.30

102-46

Defining report content and topic Boundaries

4.9

102-47

List of material topics

1.2, 4.8

102-48

Restatements of information

n/a

102-49

Changes in reporting

4.9

102-50

Reporting period

calendar year 2020

102-51

Date of most recent report

February 11, 2021

102-52

Reporting cycle

annual

102-53

Contact point for questions regarding the report

5.2

102-54

Claims of reporting in accordance with the GRI Standards

2.2 , 4.8.1

102-55

GRI content index

4.11

102-56

External assurance

4.13

Material Topics

Reporting standard

Disclosure

Reference/omission

1. Material topic: Energy Transition

GRI 103: Management approach

103-1 Explanation of the material topic and its Boundary

2.1.9, 4.8.4

103-2 The management approach and its components

2.1.9, 4.8.4

103-3 Evaluation of the management approach

2.1.9, 4.8.4

Own Indicator

% of R&D investments in non-carbon technologies

2.1.9

2. Material topic: Ethics & Compliance

GRI 103: Management approach

103-1 Explanation of the material topic and its Boundary

2.1.1, 3.6.2

103-2 The management approach and its components

2.1.1, 3.6.2

103-3 Evaluation of the management approach

2.1.1, 3.6.2

Own Indicator

Training on-corruption policies and procedures

2.1.1

GRI 205-3: Anti- corruption

Confirmed incidents of corruption and actions taken

2.1.1

GRI 419-1: Socioeconomic Compliance

Non-compliance with laws and regulations in the social and economic area

2.1.1

3. Material topic: Employee Health, Safety and Security (incl. content re. Human Rights)

GRI 103: Management approach (for HSSE & Human Rights)

103-1 Explanation of the material topic and its Boundary

2.1.2

103-2 The management approach and its components

2.1.2

103-3 Evaluation of the management approach

2.1.2

GRI 403-9 Occupational Health and Safety

Work-related Injuries

2.1.2

Own Indicator

Number of process safety events by business activity

2.1.2

GRI 412-3 Human Rights Assessment

Significant investment agreements and contracts that include human rights clauses or that underwent human rights screening

2.1.2

4. Material topic: Economic Performance

GRI 103: Management approach

103-1 Explanation of the material topic and its Boundary

2.1.5

103-2 The management approach and its components

2.1.5

103-3 Evaluation of the management approach

2.1.5

GRI 201-1: Economic Performance

Direct economic value generated or distributed (Cash Flow/ EBITDA %)

2.1.5

5. Operational Excellence & Quality

GRI 103: Management approach

103-1 Explanation of the material topic and its Boundary

2.1.3

103-2 The management approach and its components

2.1.3

103-3 Evaluation of the management approach

2.1.3

Own Indicator

Certification and classification performance on; ISO 9001, ISO 14001, OHSAS 18001 & ISM

2.1.3, 4.12

6. Material topic: Market Positioning (incl. content re partnerships & retaining/developing employees)

GRI 103: Management approach

103-1 Explanation of the material topic and its Boundary

2.1.10

103-2 The management approach and its components

2.1.10

103-3 Evaluation of the management approach

2.1.10

Own Indicator

Sustainability Benchmarking

2.1.10

102-7 or Own Indicator

# of Projects Under Development (construction)

2.1.10

7. Material topic: Emissions

GRI 103: Management approach

103-1 Explanation of the material topic and its Boundary

2.1.6

103-2 The management approach and its components

2.1.6

103-3 Evaluation of the management approach

2.1.6

GRI 305-1 Emissions

Direct greenhouse gas (GHG) emissions (Scope 1)

2.1.6, 4.9.2

GRI 305-2 Emissions

Energy indirect greenhouse gas (GHG) emissions (Scope 2)

2.1.6, 4.9.2

GRI 305-7 Emissions

and other significant air emissions

2.1.6, 4.9.2

Own Indicator

Volume of flared and vented hydrocarbon

2.1.6, 4.9.2

8. Material topics: Innovation

GRI 103: Management approach

103-1 Explanation of the material topic and its Boundary

2.1.8

103-2 The management approach and its components

2.1.8

103-3 Evaluation of the management approach

2.1.8

Own Indicator

TRL Progress (Market Readiness − TRL 4)

2.1.8

9. Material topics: Digitalization

GRI 103: Management approach

103-1 Explanation of the material topic and its Boundary

2.1.7

103-2 The management approach and its components

2.1.7

103-3 Evaluation of the management approach

2.1.7

Own Indicator

# of signals captured & percentage increase y-o-y

2.1.7

10. Material topics: Retaining & Developing Employees

GRI 103: Management approach

103-1 Explanation of the material topic and its Boundary

2.1.4

103-2 The management approach and its components

2.1.4

103-3 Evaluation of the management approach

2.1.4

GRI 404-3 Training and Education

Percentage of employees receiving regular performance and career development reviews

2.1.4

Own Indicator

Employee Turnover rate

4.10.3