Company: RIG
Filing Date: 2025-03-21
Form Type: PRE 14A
Source: 0001451505-25-000024
Chunk: 99

Company: Transocean Ltd.
Filing Date: 2025-03-21
Form: PRE 14A
Chunk 99
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 between 100% and 200% as described in the scorecard below:

| ​                                                                                                                                               | ​                                                                                                                                                                                                                                                                                                                                                                                                                                                    | ​ |
| ●    The overall Governance Performance payout range is 0% - 20%.                                                                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |
| ●    The primary TCFD and ESRS payout calculations are binary and are valued at 5% each.                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |
| ●    The integration in ERM and the ESRS Gap Analysis are secondary elements that serve as modifiers in the governance performance calculation. |                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |
| ​                                                                                                                                               | ●    The ERM integration will action the inventory of climate-related risks identified in the primary TCFD goal by embedding it in the Company’s risk management system. The inclusion of each risk in the ERM determines the performance outcome on a straight-line interpolation, which is determined based on a calculation of the total number of inventory items embedded in the ERM divided by the total number of risks identified.           |   |
| ​                                                                                                                                               | ●    The Gap Analysis will action the inventory of required ESRS disclosures identified in the primary ESRS goal (DMA) by comparing it to existing Company disclosures and practices. The assessment of each disclosure determines the performance outcome on a straight-line interpolation, which is determined based on a calculation of the total number of ESRS disclosures actioned divided by the total number of ESRS disclosures identified. |   |

Measuring Sustainability Results THE COMPANY ACHIEVED COMPANY-RECORD-BREAKING SAFETY PERFORMANCE IN 2024. There were no Tier 1 or Tier 2 events recorded in 2024, allowing for the Environmental & Safety Performance component of the Sustainability measure to result in 100% achievement. Further, in 2024, the Company achieved company-record-breaking TRIR performance of 0.15, which not only exceeded the target but also the maximum achievement performance range. To continuously improve our Environmental and Safety performance, the Company (with support from our customers) has continued to develop and deploy new technology to enhance operational performance and occupational safety:

| ■ | The Inteliwell automation platform has been installed on two rigs which allowed for over 1.5 million feet of drill pipe to be tripped with no personnel present in the red zone. |

| ■ | The rotary multi-tool is developed to eliminate certain manual tasks on the drill floor; this is now on its initial deployment on the Transocean Enabler. |

| ■ | The robotic ris