2024 McDermott Sustainability Report - Report - Page 18
Our Path
Our Approach
Environment
Social
Governance
ENVIRONMENTAL MANAGEMENT
Circularity
Across our operations, we apply principles of circularity to reduce resource consumption and minimize material
in昀氀ows and out昀氀ows, proactively managing waste throughout a project’s lifecycle. This integrated approach
begins with engineering and material selection and extends through to end-of-life waste management.
To support this aim, we have developed a proprietary circularity calculator, grounded in the Circular Transition
Indicators (CTI) V4.0 by the World Business Council for Sustainable Development and the Ellen MacArthur
Foundation’s approach to measuring circularity. The tool calculates the percentage of circularity within
decommissioning projects based on post-processing data – recycling, reuse, and disposal of decommissioned
materials. This provides transparency and traceability, which our customers consistently identify as priorities.
We are currently using a proprietary circularity calculator on one of our decommissioning projects, and it will be
externally assured in 2025 against ISO 59020, the international standard for measuring and assessing circular
economy performance. Certi昀椀cation will reinforce our reporting capabilities and serve as an added assurance
to our customers as they navigate evolving regulatory requirements across key markets, including the European
Union and Australia.
GARNET RECYCLING PROGRAM RECOGNITION
In 2024, McDermott was recognized as the 昀椀rst company to achieve Platinum Membership in GMA Middle East’s
Garnet Rewards Program.
This recognition highlights our dedication to sustainability by retiring and recycling used garnet, setting an
industry standard for environmental responsibility in our fabrication operations.
Through our participation, we minimized our environmental footprint, reduced waste disposal costs, and
contributed to a circular economy, where valuable resources are reused. We have recycled 35,000 tons of
garnet over the past 12 years at a cost saving of about $2.18 million (US).
Spill prevention
Our Spill Prevention and Control Measure Process is designed to protect the air, soil, and water from unplanned
releases. The process consists of six components: Identify, Evaluate, Prepare, Train, Monitor, and Report.
By rigorously following these steps, our employees and contractors seek to identify areas of risk where potential
spills or releases may occur and, when necessary, control measures to prevent and minimize impacts.
Framework Alignment
Performance Data
2 0 2 4 S u st a i n a b i l i t y Re p o r t
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