Valaris Publishes 2022 Sustainability Report and Announces 2030 Carbon Emissions Reduction Target
18 4월 2023 - 6:00AM
Business Wire
Set Carbon Emissions Reduction Target to Reduce
Scope 1 Emissions Intensity Per Active Day by 10% to 20% by
2030
Increases Transparency Through Aligning with
the Task Force on Climate-Related Financial Disclosures (TCFD)
Framework
Valaris Limited (NYSE: VAL) ("Valaris" or the
"Company") today announced that it has issued its 2022
Sustainability Report, showcasing the Company’s commitment to and
advancement of its near- and long-term Environmental, Social and
Governance (ESG) priorities. The Sustainability Report can be found
on the “Safety & Environment – Sustainability” page of the
Valaris website at www.valaris.com.
President and Chief Executive Officer Anton Dibowitz said, “At
Valaris, we are proud to provide responsible solutions that deliver
energy to the world. We continue to develop our sustainability
program, including this year setting goals that drive meaningful
advancements toward building a more resilient and sustainable
company. We look forward to promoting sustainable business
practices alongside our stakeholders.”
As part of its commitment to sustainability, Valaris has set a
target to reduce Scope 1 emissions intensity per active day by 10%
to 20% by 2030 compared to a 2019 baseline. The Company has
identified a clear roadmap to reach its target based on four areas
of focus:
- Energy Efficient Practices: Optimizing the efficiency of
power generation on drilling units, including implementing a
fleet-wide digitalization of diesel engine monitoring and
developing Power Management Plans to optimize diesel engine fuel
consumption
- Energy-Saving Upgrades and Procedures: Rolling-out
energy efficient technologies, such as the ABS enhanced electrical
system notation, EHS-E, installed on one of its drillships with an
additional drillship currently being upgraded
- Biofuel Blends: Using biofuel blends, where made
available by customers
- Jackup Rig Electrification: Electrifying jackup drilling
units using a local electric grid or from other sources, where made
available by customers
The Company believes this to be a credible target range based on
technologies that exist today and may increase the target as new
technologies become available. Valaris remains focused on exploring
ways to continuously improve its overall impact on the environment,
including the reduction of greenhouse gas emissions.
Further, the Company has aligned the Sustainability Report with
the standards of the Task Force on Climate-Related Financial
Disclosures (TCFD), in addition to the Sustainability Accounting
Standards Board (SASB), with references to other frameworks such as
the Global Reporting Initiative (GRI) and the Carbon Disclosure
Project (CDP), where relevant.
About Valaris Limited
Valaris Limited (NYSE: VAL) is the industry leader in offshore
drilling services across all water depths and geographies.
Operating a high-quality rig fleet of ultra-deepwater drillships,
versatile semisubmersibles and modern shallow-water jackups,
Valaris has experience operating in nearly every major offshore
basin. Valaris maintains an unwavering commitment to safety,
operational excellence, and customer satisfaction, with a focus on
technology and innovation. Valaris Limited is a Bermuda exempted
company (Bermuda No. 56245). To learn more, visit our website at
www.valaris.com.
Cautionary Statements
Statements contained in this press release, as well as materials
or websites that are cross-referenced, that are not historical
facts are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements include words or phrases such as “anticipate,”
“believe,” “commit,” “estimate,” “expect,” “intend,” “goal,”
“likely,” “plan,” “project,” “target,” “could,” “may,” “might,”
“should,” “will” and similar words and specifically include
statements that are aspirational or reflective of our views about
future performance and our expectations, aspirations, plans,
targets, commitments, or goals, including statements about our
corporate responsibility initiatives, strategy, reporting,
programs, and governance on matters such as ethics, human rights,
sustainability and the environment, employees, policy, business,
procurement, supplier, data privacy and information security,
compensation, and other strategies, risks and opportunities. Such
statements are based on current or historic information, goals,
assumptions, estimates, targets, commitments, methodologies, and
internal control frameworks, which continue to develop and evolve,
may still be in development, and are subject to change. Numerous
risks, uncertainties, and assumptions may cause actual results to
vary materially from those indicated, including technological
advances and innovations, regulatory and legislative changes,
stakeholder engagement, global political and economic trends,
energy prices, and weather events or climate conditions, among
others. You should carefully read and consider the risk factors
described in our annual and periodic filings with the Securities
and Exchange Commission, as well as in our other public statements,
for these and other relevant risks and uncertainties.
Forward-looking statements are aspirational and are not guarantees
or promises that such expectations, aspirations, targets,
commitments, plans, or goals will be met. Each forward-looking
statement speaks only as of the publication date, and we undertake
no obligation to publicly update or revise any forward-looking
statements, except as required by law.
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Investor & Media Contacts:
Darin Gibbins Vice President - Investor Relations and Treasurer
+1-713-979-4623
Tim Richardson Director - Investor Relations +1-713-979-4619
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