Company: RIG
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001451505-25-000029
Chunk: 66

Company: Transocean Ltd.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 66
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 the environmental, social and governance (“ESG”) disclosures requiring external assurance and the adequacy and effectiveness of internal controls related to those disclosures. The Board of Directors’ Governance, Safety & Environment Committee reviews updates from Company management regarding the Company’s sustainability activities. Environmental Stewardship Our approach to managing and minimizing our environmental impact is driven by our commitment to work safely and in pursuit of operational excellence. Our current President and Chief Operating Officer administers our Environmental Management System (“EMS”), which applies to all Transocean facilities onshore and offshore. These policies govern our management of waste, water and other resources in our facilities, aid in our compliance with all regulatory requirements, and guide the evaluation of our environmental performance. Our EMS, paired with our Company Management System, sets forth the standards and processes for how our

Transocean 2025 P-70 Proxy Statement

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teams identify, consider and mitigate potential environmental impacts when planning and executing our operations. Consistent with our internal policies, all active rigs maintain individual rig energy management plans, which are aligned with ISO 50001 and International Maritime Organization (IMO) SEEMP frameworks. Our Workforce and Our Community Respectful and Safe Workplace We endeavor to provide those who work at Transocean with a safe and respectful environment in which they can flourish. We periodically assess our workplace and adapt our practices and policies to ensure that our approach reflects contemporary norms and meets the needs and expectations of current and future talent. Our aim is to recruit, develop, and retain the best workforce in the offshore drilling industry. As a company with customers and operations around the world, our multinational workforce is key to our success. Safety Our safety program focuses on three key components: personal safety, process safety and occupational health. We conduct our business while prioritizing both the health and safety of our people and the integrity of our operations. Our safety vision is to conduct our operations in an incident-free workplace, all the time, everywhere. Underpinning this vision is our robust Company Management System, which details the requirements and tools employed by our teams to complete their work safely, efficiently, and effectively. In 2024, our Company TRIR, which represents the number of recordable work-related injuries or illnesses for every 200,000 hours worked, of 0.15 was a company-best and improved on our prior year’s performance, demonstrating the consistency of our execution and prioritization of safety in all our operations. Over the past few years, we have