Company: RIG
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001451505-25-000029
Chunk: 130

Company: Transocean Ltd.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 130
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 and assessing operational, commercial, strategic, financial, information security, cybersecurity, environmental, social, and governance (“ESG”), macroeconomic and geopolitical risks facing the Company; ■identifying risks and taking corrective actions, within their respective functions, if appropriate; monitoring key indicators to assess the effectiveness and adequacy of the Company’s risk management activities; and Transocean 2025 APB-2 Proxy Statement

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■maintaining regular communications with the Board with respect to risk management. The Executive Risk Management Committee and/or members of management present reports on risk management activities to the Board at least annually. Risks are identified within each function. The cross-functional Risk Committee Working Group assesses risks facing the Company, and associated preventive and mitigating controls. The Risk Committee Working Group then makes recommendations for improvement opportunities to senior management, as appropriate. Our management and Board continue to assess and respond to various risks that affect our industry, our Company and our employees, including but not limited to, operational offshore drilling risks, public health threats, market fluctuations among commodities and the costs and accessibility of goods and services procured throughout our supply chain. Business Performance and Results Please refer to the Company’s latest annual report on Form 10-K, available at https://investor.deepwater.com/sec-filings, for information about the Company’s business performance and results for the periods referenced therein. Risk Factors The Company’s business involves various risks, and the Company provides information about the main risks, including risk pertaining to the Swiss Non-Financial Matters topics covered by this Report, in its latest annual report on Form 10-K and its latest quarterly report on Form 10-Q, as applicable, available at https://investor.deepwater.com/sec-filings. Approach to Swiss Non-Financial Matters The Company integrates sustainability principles throughout the organization, whether associated with our core business of drilling oil and gas wells or otherwise. The industry outlook for our core business is positive, based upon underlying economic factors, including numerous long-term forecasts that indicate hydrocarbons will continue to be a critical source of energy for the foreseeable future, despite significant relative growth in alternative energy technologies. We believe that these factors will contribute to robust demand for oil and gas. For additional information, please refer to our latest annual report on Form 10-K, Part II. Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations — Outlook, available at https://investor.deepwater.com/sec-filings.