CBO advances ESG agenda and publishes first sustainability report

(PEN) In a year with a record number of new contracts and solid results, the Brazilian CBO Group advanced in ESG (Environmental, Social and Corporate Governance) practices and published its first Sustainability Report, 2021 version. , investment in energy efficiency actions and the waste reduction results promoted by the Visão Verde Program.

The maritime support company also achieved, for the third year in a row, the Great Place To Work (GPTW) certification and promoted structured and intentional actions for the themes of diversity and inclusion.

CBO advanced with the commitment to offset 100% of atmospheric emissions from its new contracts by 2025, starting in September 2021. Since the beginning of the project, more than 3,100 tCO2 from fuel consumption of vessels were offset through the purchase of certified carbon credits.

More than 249 tCO2 of electricity consumption was neutralized with the purchase of renewable energy. And, considering the telemetry project (real-time monitoring of the fuel consumption of vessels aiming at efficiency), the project of converting a vessel to hybrid propulsion (electric and diesel battery), the purchase of carbon credits and IRECs energy certificates renewable, reached a total investment of R$ 6.1 million in 2021 in the mitigation, neutralization and compensation of atmospheric emissions.

“CBO ended 2021 with solid growth. But we understand that this result is enhanced and sustained when aligned with best ESG practices. We have solidified our governance structure and sustainability strategy to intensify progress in relation to best practices for generating socio-environmental, governmental, economic and climate value”, explains the group’s CEO, Marcos Tinti.

Guided by its Sustainability Policy, CBO implemented the ESG Program. Through the elaboration of a materiality matrix with consultation of the main stakeholders, the company defined its activities in 13 priority material themes for its sustainability strategy.

By launching Visão Verde CBO, a program that encourages sustainable management of resources and reduction of waste generation, the group started to disseminate best environmental practices, with monthly monitoring and dissemination of individual results for the vessels.

For the third year in a row, the group received GPTW certification, with the score increasing year by year. In August 2021, as part of the ESG trajectory, the Diversity and Inclusion Policy, crucial in the maritime support and vessels sector, was also published. The policy reinforced the commitment to transparency and the promotion of practices for a safe environment for groups of people who have little or no social, economic and political representation, even though they constitute, in some cases, the largest numerical portion of the Brazilian population.

“The 2021 Sustainability Report confirms that we are guided by solid values ​​and putting safety first, we embark on our journey, confident to face new challenges and maintaining the CBO standard of excellence, to contribute to the sustainable development of the Brazilian energy industry. offshore”, concludes Marcos Tinti.

Operating results

With the resumption throughout 2021, by taking advantage of the strategic opportunities of the sector, the CBO group won a record number of 35 new contracts signed in the year. The unprecedented performance added up to a total backlog of US$ 897 million, an increase of 13% compared to 2020. The company ended the year with 42 vessels, which corresponds to a 14% market share in the Brazilian market, and an average occupancy rate of 72%. The operational level of the CBO fleet in 2021 was high, with a downtime of 2.6%.

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