Our core belief that “marine resources should be developed sustainably” drives our strategic direction as we continue to transform our business along with the global energy transition.
Whilst our traditional markets of oil and gas will continue to be an important revenue source for the business for some time, we are focused on diversifying our revenue streams into sectors which support the energy transition such as offshore wind along with other adjacent marine markets such as government and defence and environmental services.
We are also looking at strategies to reduce our emissions including emerging technologies and innovations to address industry wide challenges.
MMA’s key ESG initiatives are aligned with several of the United Nations Sustainable Development Goals, which address the key challenges currently faced globally. MMA is focused on Goals 3, 5, 7, 8, 10, 12, 13 and 14 which are the most relevant to our operations.
MMA’s ESG strategy is focused on the following key elements:
- Environment – how MMA performs as a steward of nature.
- Social – how MMA manages its relationships with employees, suppliers, customers and the community.
- Governance – how MMA is governed.