COMPANY’S VISION IN TERMS OF SUSTAINABLE DEVELOPMENT GOALS
SDGs serve as a universal framework for businesses to communicate performance, set targets and actions, engage with various stakeholders, including investors and gain access to new market opportunities. The framework fosters collaboration to solve the world’s most challenging tasks in sustainability.
ORCA Offshore FZC strives follow a series of steps in order to maximize the opportunity.
Step 1. Understand the SDGs and link relevant targets to our business activities
The very first step for our company in our SDG journey is to learn more about each of the goals, the relevant targets, and KPIs to see how they are directly and indirectly related to their business activities.
Step 2. Define priorities
ORCA Offshore FZC prioritized SDG targets by considering which will have the biggest impact in terms of risk or opportunity in medium- to long-term and which goals the company has the ability to contribute to achieving progress in. We’ve identified the goals with the biggest correlation to the service we provide: SDG 3 – Good Health & Well-being, SDG-4 – Quality of Education, SDG 5 – Gender Equality, SDG 8 – Decent Work & Economic Growth, SDG 12 – Responsible Consumption and Production, SDG 13 – Climate Action and SDG 17 – Partnership for the Goals.
Step 3. Set the goals
Once the key SDGs were identified, we’ve linked those goals to actual business targets and KPIs to monitor and communicate progress.
Step 4. Integrate
In order to make the SDG strategy viable and effective, ORCA Offshore FZC integrated these targets into the existing strategy, taking into account our business model. By realigning sustainability strategies to achieve both corporate goals and the SDGs, company identified areas where we can draw from existing commitments and projects to contribute positively toward SDGs.
Step 5. Report and communicate
ORCA Offshore FZC is ready to communicate the progress in addressing goals linked to the SDGs. It is crucial to integrate the SDGs in the core business reporting process to avoid duplicated efforts and ensure transparency and accessibility of company’s performance to various internal and external stakeholders.