Subsea 7 SA
Subsea 7 EU Taxonomy Data Preview
In 2024, Subsea 7 was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Subsea 7 has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Subsea 7 are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Non-Eligible B Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Non-Eligible B Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Capex | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Non-Eligible B Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected EU Taxonomy data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Subsea 7's Revenues from Sustainable Activities
In 2024, Subsea 7 reported EU Taxonomy-eligible revenues of USD 1.18 billion, representing 17% of its total turnover. Of this amount, USD 1.13 billion of Subsea 7's revenues was classified as EU Taxonomy-aligned, indicating that 16% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
Subsea 7's Taxonomy-Eligible Turnover Over Time
- Total Taxonomy Aligned A1 Turnover
- Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Subsea 7's revenues become more sustainable over time?
Compared to the previous year (2023), Subsea 7's taxonomy-aligned revenues increased by 14.29%, highlighting Subsea 7's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.
How much of Subsea 7's revenue is eligible under the EU Taxonomy?
In 2024, Subsea 7 reported that USD 1.18 billion of its revenue was eligible under the EU Taxonomy, representing 17% of the company's total turnover. Of this amount, USD 1.13 billion (16% of total revenue) was classified as Taxonomy-aligned. This means that 1% of Subsea 7's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.
How much of Subsea 7's eligible revenue is aligned with the EU Taxonomy?
In 2024, Subsea 7 reported that USD 1.13 billion of its revenue was aligned under the EU Taxonomy, representing 16% of its total turnover.
This moderate level of alignment indicates that Subsea 7 has begun shifting toward more sustainable operations but still has considerable room to enhance its green offerings.
Subsea 7's Eligibility & Alignment Overview
Subsea 7's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Turnover
- Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Subsea 7's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Subsea 7 reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 16%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Subsea 7 earn from selling climate-related solutions ?
In 2024, Subsea 7 reported that USD 1.09 billion of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 16% of the company's total revenue, indicating that Subsea 7 has a moderate focus on solutions that support climate action through its commercial activities.
Insights into Subsea 7's CAPEX from Sustainable Activities
In 2024, Subsea 7 reported EU Taxonomy-eligible CAPEX of USD 88.80 million, representing 16% of its total CAPEX. Of this amount, USD 88.80 million of Subsea 7's CAPEX was classified as EU Taxonomy-aligned, indicating that 16% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
Subsea 7's Taxonomy-Eligible Capex Over Time
- Total Taxonomy Aligned A1 Capex
- Total Taxonomy Eligible but Not Aligned A2 Capex
Have Subsea 7's increased its investment in sustainable activities over time?
Compared to the previous year (2023), Subsea 7's taxonomy-aligned CAPEX decreased by 64.44%, suggesting that Subsea 7 may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.
How much of Subsea 7's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Subsea 7 reported that USD 88.80 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 16% of the company's total CAPEX. Of this amount, USD 88.80 million (16% of total CAPEX) was classified as Taxonomy-aligned. This means that 0% of Subsea 7's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).
How much of Subsea 7's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Subsea 7 reported that USD 88.80 million of its CAPEX was aligned under the EU Taxonomy, representing 16% of its total capital investment.
This moderate level of alignment indicates that Subsea 7 is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Subsea 7's Eligibility & Alignment Overview
Subsea 7's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Capex
- Total Taxonomy Eligible but Not Aligned A2 Capex
How is Subsea 7's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Subsea 7 reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 16%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much Subsea 7 is investing in climate-related solutions?
In 2024, Subsea 7 allocated USD 88.35 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 16% of the company's total capital expenditure, indicating that Subsea 7 is moderately allocating capital toward climate-aligned initiatives, while maintaining a diversified investment portfolio.
Insights into Subsea 7's OPEX from Sustainable Activities
In 2024, Subsea 7 reported EU Taxonomy-eligible OPEX of USD 20.90 million, representing 15% of its total operating expenses (OPEX). Of this amount, USD 19.80 million of Subsea 7's OPEX was classified as EU Taxonomy-aligned, indicating that 14% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
Subsea 7's Taxonomy-Eligible Opex Over Time
- Total Taxonomy Aligned A1 Opex
- Total Taxonomy Eligible but Not Aligned A2 Opex
Have Subsea 7's increased its spending in sustainable activities over time?
Compared to the previous year (2023), Subsea 7's taxonomy-aligned OPEX decreased by 22.22%, suggesting that Subsea 7 may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.
How much of Subsea 7's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Subsea 7 reported that USD 20.90 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 15% of the company's total OPEX. Of this amount, USD 19.80 million (14% of total OPEX) was classified as Taxonomy-aligned. This means that 1% of Subsea 7's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).
How much of Subsea 7's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Subsea 7 reported that USD 19.80 million of its OPEX was aligned under the EU Taxonomy, representing 14% of its total operational expenditure.
This moderate level of alignment indicates that Subsea 7 is beginning to shift operational priorities toward greener practices, with room for deeper integration.
Subsea 7's Eligibility & Alignment Overview
Subsea 7's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Opex
- Total Taxonomy Eligible but Not Aligned A2 Opex
How is Subsea 7's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Subsea 7 reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 14%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much of Subsea 7's operational budget supports climate-related solutions?
In 2024, Subsea 7 allocated USD 19.50 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 14% of the company's total OPEX, indicating that Subsea 7 is moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.