Company: RIG
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001451505-25-000029
Chunk: 100

Company: Transocean Ltd.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 100
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 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 riser bolting system automates the riser joint connection process, one of the most taxing and hazardous activities we perform offshore. The system removes personnel from the red zone during riser handling operations. |

Transocean 2025 P-103 Proxy Statement

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| COMPENSATION DISCUSSION AND ANALYSIS | ​ |

| ■ | The kinetic blowout stopper, a tubular shearing technology that is retrofittable to existing blowout preventers. |

| ■ | HaloGuardSM, a monitoring and control system designed to stop drill floor moving equipment when traveling in close proximity to personnel – now operational on eight of our rigs, resulting in even greater protection for our offshore crew members. |

| ■ | WorkSight, a digital behavior-based safety observation, assurance, and verification program, which uses a mobile application to implement an observation and verification process. |

The cumulative Environmental & Safety Performance resulted in a payout achievement of 200% and an associated weighted payout of 20%. Following completion of the primary and secondary performance criteria for both the TCFD and ESRS components of the Sustainability Governance Measure, the Company completed an audit of the results and a scorecard summarizing