McDermott Releases 2023 Sustainability Report
London, June 18, 2024 , (Oilandgaspress) –––McDermott announces the release of its 2023 Sustainability Report, which details the company’s progress in advancing environmental, social, and governance (ESG) commitments during its centennial year. McDermott remains dedicated to helping customers develop cleaner and more efficient pathways to produce and deliver the world’s energy. The company’s focus on project excellence, responsible business, and supporting the transition to a lower carbon future is evident throughout the report.
The report highlights the company’s industry-leading safety performance, expanded adoption of renewable energy, onsite solar power generation, and digital technologies – all of which enhance operational efficiencies across the business. McDermott also advanced low-carbon projects in offshore wind generation and liquefied natural gas (LNG) production to help address the challenge of scaling up production while minimizing environmental impact. The company partnered with various organizations to explore low-carbon pathways, including scaling of hydrogen production and carbon capture utilization and storage. The company’s local content programs—which develop skills and business acumen to support social, economic, and institutional growth—have had a positive impact in host countries and received national recognition in Uganda.
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