Our goal is to provide relevant, financially material, and industry specific sustainability information to stakeholders.


The Shelf Drilling Board oversees the Company’s risk management process, including ESG (Environment, Social and Governance) practices and reporting, and consequently reported on the Company’s ESG-related practices and performance in its Board of Directors Report contained in the Company’s 2023 Annual Report. Please click here for more information on our governance.


Shelf Drilling’s ESG reporting is based on recommendations from the Sustainability Accounting Standards Board (SASB), the Global Reporting Initiative (GRI), the Task Force on Climate related Financial Disclosures (TCFD) and the Oslo Stock Exchange (Euronext).


Shelf Drilling recognizes that sustainability issues are important for our customers, investors, and other stakeholders, and engages with key stakeholders on a continuous basis. We have developed and adopted ESG-related policies or enhanced our ESG-reporting frameworks in response to stakeholder feedback.


We are a member of the International Association of Drilling Contractors (IADC), and pay close attention to industry developments and the future of oil and gas companies in relation to sustainability.

Shelf Drilling supports the United Nations Sustainable Development Goals (SDGs). Shelf Drilling recognizes that corporations have a responsibility to maximize the positive impacts and minimize the negative impacts of its company, of its industry – and for our planet. Refer to our 2023 Sustainability Report for details on how our operations present particularly strong opportunities to make meaningful and sustainable contributions to the attainment of following SDGs relevant to our business.


Grade B+
ESG 100 Rating for 2023.

Annual review of the sustainability reporting of the 100 largest companies
by market value listed on the Oslo Stock Exchange by Position Green.
Shelf Drilling’s total ESG score ranks within the top 35 of the 100 largest
companies (by market cap) on the Oslo Stock Exchange.

Grade B-

Climate Disclosure Project (CDP)
Rating for 2023.