GustoMSC. ESG as a new opportunity With over 250 employees, we work on safe and efficient mobile offshore technology for a more sustainable future. In our view, the ESG criteria are therefore a clear benchmark for our activities. ESG is the opportunity to focus on innovation, to develop technology that makes the industry more sustainable and to optimize working conditions and strengthen our business operations. Only by working together can we realize the integration of the ESG criteria and accomplish a Net Zero future. That is why we strive for full cooperation to pass our world on to future generations in a responsible way.
Consistent standards At GustoMSC, we support transparent business reporting, compliance with laws, rules and regulations, and business conduct consistent with established governance standards. Our people, customers, suppliers, business partners, shareholders and local communities rely on our integrity, ethical behavior, and good judgement.
Governance & business ethics
Climate change & energy
Environment
Safety, health & security
Social
Nils van Nood Managing Director GustoMSC and VP Business Development Marine & Construction
GustoMSC stands for a sustainable way of doing business. To endorse our responsible approach, we align our company, products, and services to the ESG Practical Assessment System.
Join us on our journey to a sustainable world GustoMSC has been addressing the essential changes in the offshore energy market for years. Technological challenges and pushing boundaries are part of GustoMSC’s DNA. We believe we can help our clients move forward as the global energy transition accelerates. Energy efficiency and sustainability are an essential consideration in all GustoMSC design and equipment solution processes. This is a natural course for us as offshore pioneers. At GustoMSC we are effective at solving complex problems, utilizing this power to make a real difference is what motivates us as offshore pioneers.
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Combining hydrocarbons and offshore wind An ESG marriage made in heaven
Affordable, Reliable Sustainable and Modern Energy for All
GustoMSC on ESG
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The Pioneers of Offshore Engineering GustoMSC is recognized for providing advanced design & engineering consultancy for mobile offshore units and reliable equipment supply. We enable and support safe and efficient operations at sea, contributing to a sustainable future. Please subscribe to the newsletter so we can keep you up to date with our latest stories and extra news updates.
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Get in touch and join the flow for Net Zero
Since its introduction in 2015, GustoMSC has endorsed the SDGs. Recently we have started to align our company, products and services with the ESG Practical Assessment System, a clear set of guidelines on how to achieve the environmental, social and governance goals.
Ethics as driving force
We stand for humanity
A better world In our work we meet all kinds of people. Different from character and culture. But wherever we work, we stand for humanity. We invest in our community by supporting safety initiatives and educational programs and working with local partners. Employee empowerment and development, and safeguarding diversity and inclusion enables our continued success in supporting a better world.
Responsible business operations
Well-being of all At GustoMSC, we are committed to protecting the health, safety, and security of our most valuable resource: our employees. We work consistently to ensure that our employees, at all levels in the organization, conduct all business activities safely. We expect all our employees, contractors, suppliers, and visitors to follow our HSE practices and policies. Protecting their health, safety and security is at the heart of the way we do business.
Taking care of our planet
Reducing our footprint Every company, including GustoMSC, uses energy and has an impact on the environment. For GustoMSC, transparently monitoring the impact is the first step to reduce and ultimately zero our footprint on the environment. We care about the planet. By intentionally developing products and processes that are both environmentally conscious and comply with local laws and regulations, we can reduce the environmental impact of our customers and our own operations.
Sustainable energy for all
Encouraging efficiency We develop solutions for a safe and efficient execution of projects at sea. Our products, designs, and services serve the heart of the offshore energy economy. We encourage the efficient application of new technologies. In doing so, we substantially contribute to improvements in terms of the energy efficiency and carbon footprint of our operations.
Social values are important
A better world In our work we meet all kinds of people. Different from character and culture. But wherever we work, we stand for humanity. We support safety initiatives and educational programs. In addition, working with local partners is another important point. Employee training, respect for human rights, diversity and inclusion contribute to a better world.
Humanity is important
Well-being of all At GustoMSC, we are committed to protecting the health, safety, and security of our most valuable resource: our employees. We work consistently to ensure that our employees, at all levels in the organization, conduct all business activities safely. We expect all our employees, contractors, suppliers, and visitors to support the well-being of all involved. Protecting their health, safety and security is at the heart of the way we do business.
Taking care Every company, including GustoMSC, uses energy and has an impact on the environment. For GustoMSC, transparently monitoring the impact is the first step to reduce and ultimately zero our footprint on the environment. We care about the planet. By intentionally developing products and processes that are both environmentally conscious and comply with local laws and regulations, we can reduce the environmental impact of our customers and our own operations.
Reducing impact
A new and comprehensive approach is needed Change challenges hydrocarbon producers, national and listed oil and gas companies and oilfield services companies to address ESG indicators in order to fulfill investors and shareholders requirements. On top of that they have to find additional instruments to strengthen their focus on increasingly sustainable operations. In recent years the latter has been under severe pressure and is now the new directive for decarbonizing the maritime sector. The continuing pressure of society on oil and gas companies has seen major national oil companies, such as Aramco and ADNOC, follow similar approaches as that of their Western counterparts, Royal Dutch Shell, BP, Total Energy and Chevron. While most of the changes are largely related to financial indicators, in parallel ESG strategies need to be addressed by technical innovations or the implementation of existing “borrowed” technology in a relatively conservative sector. While offshore wind projects worldwide are using existing oil and gas construction capabilities, expertise and technology to their advantage, offshore oil and gas is still looking at marginal changes in operations. Available technology capabilities, or structural new designs of offshore vessels and jack-ups could result in major steps forward, increasing operational profit margins and at the same time support ESG targets, such as energy efficiency, emission reduction or safety. A new and complete approach to existing and future challenges is needed to counter not only global demand for energy, but also remove a vast part of ESG concerns at the same time.
November 2021
Technology: the driver for change While ESG reporting worldwide has exponentially grown, the main challenge is to make the whole sector ESG future proof. Without new technology and integration of ESG requirements in the discussion between designers, engineers and operations, available leaps are not being introduced. GustoMSC believes that there is need for a tech-design ESG proof approach, as investors and society will force change. COP26 is a largely finance focused climate change conference and will lead to inclusion of ESG requirements for all global investment funds, banks and governments. At present, institutional investors and banks, holding assets under management of more than $130 trillion, have committed to these goals. Decarbonization and net-zero goals are on the table of NOCs, IOCs and oilfield services.
ESG requirements as new opportunities Technological challenges and pushing boundaries are part of GustoMSC’s DNA, of out-of-the-box thinking with regards to the design of future-proof mobile offshore units and specialized equipment. We have been addressing the essential changes in the market since years. After a long history in oil and gas, having a leading presence in offshore rigs currently operational worldwide, a major footprint has been established in offshore wind. Since the start of the offshore wind investment spree in especially North Sea and the USA, we have been supporting and accelerating these industries with our smart and robust solutions. As GustoMSC is active in the offshore environment for more than 150 years, always trying to anticipate on the demands of tomorrow, ESG requirements are not regarded as a threat but another opportunity to drive innovation. Main focus has been always to solve the next challenge, pioneering our way in engineering solutions and supply the right designs and reliable equipment. Creating the right tools to meet the right goals has been always part of our DNA, and can be easily adapted towards not only client, but also societies goals. In GustoMSC’s mindset, there is a symbiotic cooperation between hydrocarbon and renewables, as technology developments don’t have borders, but are applicable in several sectors at the same time. Reducing the environmental footprint Whilst providing designs in line with the latest rules and regulations for mobile offshore units, GustoMSC is actively seeking ways to further reduce the environmental footprint of the designs operating in the offshore fields. Current offshore wind turbine installation units operate on fossil fuels. With our initiative we take up the challenge to see how future wind turbine installation units can have low or zero greenhouse gas emissions, thus making a positive contribution to the reduction of the carbon footprint. The same approach is feasible, and in light of ESG requirements, even necessary for upstream oil and gas offshore. Energy efficiency and sustainability are an essential consideration in all GustoMSC design and equipment solution processes. The GustoMSC DNA, our 1.5 century experience in the offshore maritime sectors, combined with new initiatives, or products such as Chela cranes, propone our company to be a leading partner for future challenges and opportunities for our clients. As all agree, at GustoMSC we are effective at solving complex problems, utilizing this power to make a real difference is what motivates us as offshore pioneers. Supporting sustainable developments across the globe Combining the energy transition initiatives, vast industry experience in the offshore field and motivated people, GustoMSC is your industry partner to develop more than only a solid design or advanced equipment, but target a full collaboration on accelerating changing the world, by identifying and improving impact on the whole industry chain in energy production or any other offshore field, divided in the following categories: - Governance and business ethics - Climate change and energy - Environment - Safety, health and security - Social GustoMSC uses advanced technology, close cooperation and purposeful innovations to make a contribution in all different life cycle phases of mobile offshore units, starting from creation from scratch, to design, building, operating, and repurposing or decommissioning. This contribution has its impact in all different stages of harvesting energy at sea, supporting a sustainable development of societies across the globe.
ESG, a natural course for offshore pioneers At GustoMSC we see that the global energy sector is changing dramatically. Energy transition, renewables and a shift in investments in oil, gas and renewable energy is witnessed since the Paris Agreement. New requirements are being put in place worldwide, first set up under the United Nations Sustainable Development Goals (SDG) agreements, and since the last years mainly focusing on ESG (Environmental, Social & Governance) reporting requirements. By 2023 all large companies in the EU are required to follow the “Corporate Sustainability Reporting Directive”. So, in the very near future hydrocarbon and renewable energy companies as well as service providers are all have to implement a ESG reporting approach, in which environmental, sustainability and governance will be key instruments on which companies are being graded. Financial institutions, institutional investors, banks and governments, are main drivers for ESG. Links with UN Paris Agreements and strategies from the Glasgow UN Climate Change Conference (COP26) are Climate Change, Global Warming and the complete future of the planet, all leading change. A natural course for GustoMSC because as an offshore pioneer change is in our DNA.
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Nils van Nood Managing Director & Vice President Business Development GustoMSC | NOV
Erwin van den Berg Expert Engineer GustoMSC and Lead of GustoMSC Energy Efficiency Quest initiative
Rutger Baan Commercial Director (MT member) GustoMSC
Sjoerd Hendriks Director Engineering (MT member) GustoMSC
Sharing Knowlegde and Collaboration
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While ESG reporting worldwide has exponentially grown, the main challenge is to make the whole sector ESG future proof.
As all agree, at GustoMSC we are really good at solving complex problems, utilizing this power to make a real difference is what motivates us as offshore pioneers.
Gusto on ESG
March 2021
In addition, we always have to take local laws and regulations into account. In this specific example in the USA, we had to take all necessary measures, together with our partners, to ensure that we comply with the Jones Act. To make a long story short: collaboration with local parties is an important additional condition for global success and progress. In this sense, this development also concerns another SDG – SDG number 17 – which stands for entering into partnerships to achieve common goals. In order to achieve the SDGs for 2030, a good wide-spread infrastructure is of fundamental importance. Of course, we cannot achieve this without technological progress. Therefore, we are working very hard on developing new solutions, which can be applied under all sorts of different conditions. This means that we will have to develop our expertise in different areas and work together intensively with partners and suppliers. We are thus not only modernizing the global infrastructure for the sustainable energy supply, we are also adapting our own portfolio and expanding our partnerships in a targeted manner. If we wish to achieve our goals in this decade, we will have to further expand and above all optimize our knowledge and chain infrastructure. Whether it is in the West or in the East, international or local, collaboration can actually provide a huge impulse to increasing the sustainability of the global energy supply.
KPI’s for SDG’s With respect to the development and application of marine industry standards, the understanding of complex safety regimes and a focus on safety, reliability and environmental protection are key. Oil and gas experts working on a voluntary basis in industry committees have driven many technological developments and international standards. Joint Industry Projects (JIPs) have also been key instruments in advancing new ideas. The same template is helping the offshore wind industry. Another important driver of progress is formed by the creative work in diverse, multi- cultural, multi-discipline environments. As the offshore wind industry expands from its established based in Europe to other continents, it will benefit from the lessons learned by the diverse oil and gas workforce working in project teams dispersed across execution centers in different countries and time zones. Especially the knowledge and skills to manage large interdisciplinary and complex offshore oil and gas projects will benefit the offshore renewable industry. This applies to field operators, large EPIC companies, contractors and service companies. The 3Ps (People, Planet and Profit) are essential to guarantee a healthy future for the offshore renewable energy business, not just 2Ps (People and Planet). If it does not succeed in developing a profitable business, the renewable energy business will fail to survive. Moreover, the experience of the offshore oil and gas industry in developing and operating projects in a multi-national environment will help the offshore renewable industry expand internationally. In addition, the offshore renewable energy business can benefit from the well-established international supply chain which has been developed by the oil and gas industry since the 1970s. Last but not least, apart from the established collaboration between Naval Architects and Marine Engineers for the development of offshore oil and gas projects, there is another range of technical and business disciplines that contribute to the success of the offshore oil and gas industry. Technical disciplines such as civil engineering, chemical engineering, electrical, geology, mechanical engineering and mining combined with business disciplines such as cost efficiency have made the offshore oil and gas industry a success story which can easily be transferred to the renewable energy business. Not only in the sense of technology and business economics but also in the area of HSE – Health, Safety & Environment. Powering Development With respect to the development and application of Raising the standards of living of a growing population remains one of the greatest challenges of our time. The Human Development Index (HDI) is a composite index of life expectancy, education and per capita income indicators, which is used to rank countries in terms of human development from zero (totally undeveloped) to one (fully developed). Presently about 20% of the world’s population live in countries with an HDI higher than 0.8 and that percentage is expected to increase significantly by 2040 as many densely populated nations progress towards a higher HDI. Raising the HDI for the poorest nations could mean increasing energy consumption per capita by a factor of five or more. Powering the world towards higher development levels in a sustainable way requires a great deal of cooperation, advanced technology and purposeful innovation and a robust infrastructure. Oil and gas companies and their value chain are transforming themselves into a broader energy ecosystem where oil and gas supply will continue to play an important role and where skills will be transferred to renewable forms of energy. Naval Architects and Marine Engineers are challenged to continue improving efficiency and safety in the oil and gas industry by developing the rigs and platforms of the future. These initiatives will make their way into the renewables industry and will contribute to improve the profitability of renewable energy projects, while maintaining a sharp focus on personnel safety and environmental protection.
Floating Offshore Wind Potential in South Korea We conclude this article with an illustrative example of the above-mentioned innovative developments. For instance, we believe strongly in the potential of floating offshore wind in South Korea, which will play a key role in achieving the country’s renewables objectives. Thanks to our extensive experience in offshore projects, GustoMSC is particularly well- positioned to contribute to the successful development of this new technology in South Korea. GustoMSC has been involved in the growing market and upcoming projects for floating wind in Korea since 2019. Already in 2019, our company together with three Korean companies, Hyundai Heavy Industries (HHI), Sejin Heavy Industries (SEJIN) and Korea Maritime Consultants (KOMAC), signed an MoU. The signing companies cover the entire supply chain for the delivery of the Tri-Floater as a floating foundation. The objective of this MOU was to express the intention to participate together in the floating wind projects that are currently under development by developers and initiated by the Metropolitan City of Ulsan, offshore Ulsan Korea. The strong combination and synergy of the signing companies show developers, the local Ulsan government, the central Korean government and the Korean public, the inclusion of first class and highly qualified and trusted Korean companies. This cooperation focuses on maximizing Korean content within the supply chain, in line with the government’s ‘New Deal’ plan, which targets the creation of 1.9 million new jobs through green energy and other new technologies.
Future generation wind turbine foundations The Heavy Lift Telescopic Crane offers an innovative combination of high hoisting and heavy load capability for installing turbines and foundations.
Future generation wind turbine foundations
Fast, Flexible and Safe
Future generation wind turbine foundations The Steady Top Feeder Vessel is a state-of-the-art solution for the transport and feedering of wind turbine components from port to installation site
Mitigating risks in earthquake prone area’s
Mitigating risks in earthquake prone area’s Jack-up insight, expertise with new designs and seismic analysis puts us in a unique position to provide advice on site-specific seismic analysis
Safely unlock the full potential of your unit
Safely unlock the full potential of your unit OSS provides real-time guidance to the operator based on data generated by equipment on board.
Meeting the needs of floating offshore wind market
Meeting the needs of floating offshore wind market The Tri-Floater is a triangular semi-submersible for offshore wind turbines and can be optimized for local environmental conditions and supply chain.
Increasing sustainability through energy efficienc
Increasing sustainability through energy efficienc GustoMSC is working on the use and generation of power on installation vessels for wind turbines, for example through temporary energy storage.
Industry, Innovation and Infrastructure Sustainable Development Goal 9 is about “Industry, Innovation and Infrastructure”. SDG 9 aims to build resilient infrastructure, promote sustainable industrialization and foster innovation. GustoMSC is making a significant contribution in this area, which we aim to expand further in the near future. As a reputable offshore design and engineering consultancy company, we are aware of the complexity of the various offshore markets. We stand for safe and efficient operations at sea and for a sustainable future. That is why innovative developments in technology such as digitalization and the energy transition play an important role for us. Our company’s history shows that flexibility and the ability to meet the demands of the future today ensure that GustoMSC is and will remain relevant for our customers, for society and for our people.
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Increasing the Sustainability of the Global Energy Supply As pioneers, we have developed and continue to develop a wide range of new and innovative applications and equipment, we like to share our knowledge and expertise, and we are involved directly or indirectly in many innovative projects. Take, for example, Dominion Energy. This large US energy supplier aims to provide sustainable electricity to a large number of American households via offshore wind energy. Dominion Energy intends to apply the knowledge and experience that it will gain in this specific project to similar projects in other states in the US. The experience with our product portfolio teaches us that successful implementation depends on the hardware and software that can be adapted to local conditions where ever in the world. For instance, Dominion Energy can build the wind farm off the coast of Virginia with a new wind energy installation jack-up. At the same time, this is actually the only part of the US East Coast where you can enter a port with this large installation vessel. Other ports on the East Coast pose other infrastructural challenges for which, for example, where a Steady Top Feeder Vessel can provide a solution. For this concept, cooperation was sought with Barge Master, which provides the technology for the safe transportation of large and heavy wind turbine components from a ship to the jack-up platform.
The power behind effecient and safe energy As pioneering engineers, GustoMSC contributes to several Sustainable Development Goals and intends to increase its positive impact. We develop solutions for a safe and efficient execution of projects at sea. Our products, designs, and services serve the heart of the offshore energy economy. We encourage the efficient application of new technologies. In doing so, we substantially contribute to improvements in terms of the energy efficiency and carbon footprint of our operations. GustoMSC and its contribution to affordable, reliable sustainable and modern energy for all Our main objective is to find the most efficient and safe solutions possible for our existing operations at sea, while new challenges call for innovative ideas. The energy transition is heavily supported by smart technology and equipment. A challenge in which GustoMSC wants to play a significant role. We aim to create the ideas and innovations that our clients need to move forward as the global energy transition takes hold. We develop solutions to produce energy as efficiently as possible while minimizing the impact on the environment.
The power behind effecient and safe energy
Offshore wind installations GustoMSC is a market leader in the offshore wind installation market and is committed to developing new solutions to increase sustainability. We have enabled the offshore wind turbines market to become mature since the first pilot wind farms in the first decade of this century. Almost 80% of the North Sea offshore wind turbines have been installed with units designed and engineered by GustoMSC. We are always looking forward to extending our offshore efforts together with our partners on a global scale. In 2019, we welcomed one of our clients to demonstrate our Telescopic Leg Crane, which is associated with the developing wind-turbine market, on a working scale model.
Read all about the demonstration of the Telescopic Leg Crane
PUSHING OFFSHORE WIND EVEN FURTHER Next to the wind installations units, we aim to play a significant role in the floating foundation market as well. As the global floating wind market is growing, it is moving from single prototypes to pilot farms with three to five floaters. With the first pilot farm installed in 2017, the first commercial-scale floating wind farms are expected between 2024 and 2030. Currently, GustoMSC is involved in several floating offshore wind projects worldwide, investigating the potential of Tri-Floater technology.
FUTURE We always anticipate future trends and developments, and we encourage everyone within GustoMSC to think about the future. We know that by using big data we can maximize our efficiency. By connecting mobile offshore units with the GustoMSC Operator Support System, we are able to extract and combine available data and translate the relevant information into key operational supportology.
KEY INNOVATIONS GustoMSC is continuously working on smart integration of energy storage technology on mobile offshore units. One of the developments is to optimize the consumption and power generation of wind turbine vessels by using temporary energy storage systems. In order to assist rig owners in meeting the demand for lowering their carbon footprint, we are developing a CO2 emissions assessment tool. This tool will help quantify the impact of new technologies on the carbon footprint of offshore rigs. We are also looking into the usage of Liquid Natural Gas (LNG) as this is less polluting than oil and the use of hybrid technology that will help the rigs of the future not only to perform better but do so with a smaller carbon footprint.
Read how real-time data increases efficiency and safety
Affordable, Reliable Sustainable and Modern Energy for all
Read all about the Tri-Floater here
Combining hydrocarbons and offshore wind The impact of two years of COVID-19 and the current crisis in Ukraine is putting pressure on global ESG (environmental, social and governance) reporting. As a result, the pursuit of ESG and decarbonization is being re-evaluated. COVID-19 resulted in a reassessment of globalization, international trade and the environment or biodiversity. At the same time, the Russian invasion of Ukraine has raised another issue, namely the role of energy security, the energy crisis, and the energy transition. ESG and hydrocarbon, win-win for energy transition The world is realizing that hydrocarbons are needed not only to keep the global economy going, but also to support the much-needed energy transition, now and in the future. ESG related strategies and reporting requirements should therefore no longer be viewed as a threat to hydrocarbons, but as a potential USP, especially for oilfield services (OFS) technology and manufacturing. Because the OFS are well equipped to be a driving force behind the energy transition and ESG strategies. A win-win situation which should not be missed.
Oilfield services (OFS), the backbone of the energy transition Since the main spotlight of the ESG criteria in oil and gas is on exploration & production (E&P) companies, such as Shell, BP and OPEC, the main backbone of the sector is overlooked: Oilfield Services. OFS are the main technology providers for not only oil and gas production, but also increasingly for offshore wind projects. The design, construction, manufacture, and installation of offshore wind (including floating wind) are in the hands of OFS companies. Without their knowledge and available installation capacity, most western offshore wind projects would be delayed or not realized. Meeting demands of investors The USP of OFS is that these companies are well positioned to not only support clients and customers to tackle their own ESG challenges, but also to provide the much-needed high-tech, low-carbon options that investors demand. By meeting ESG requirements, OFS can help their customers take steps that are not only focused on emissions, but also on environmental impact and biodiversity, energy efficiency and social aspects such as safety, health and working conditions. Push for the future OFS could push for a more ESG based role in the future. OFS's capabilities and historical knowledge of offshore activities is a prerequisite to support the Tsunami of new planned or under construction offshore wind projects. If we look at offshore floating wind, with a potential of 2,500-3,000 floaters needed by 2030, the strategic position of OFS is clear. Not only this will be a major USP for offshore oil and gas, but also for offshore wind operators.
July 2022
June 2022
An ESG marriage made in heaven
OFS future role of cooperator and communicator OFS will need to support their customers’ sustainable energy transition more actively in the coming years by setting up the production and manufacturing backbone and discussing ESG issues with customers. In collaboration with customers and partners, OFS can not only become a support sector for hydrocarbons and renewables, but also push for a more applicable technical and financially attractive future. By opening up manufacturing and production of new offshore rigs, vessels or technologies, engineering and design companies can also be the main driver for hard-needed in-country new economic diversification plans.
With a long and wide-ranging history in the maritime industry, GustoMSC has taken the design, analysis, and optimization of offshore units a major step further. Our ongoing pioneering resulted in a successful portfolio of proven designs that were easily applied to offshore wind. Since 2002, GustoMSC jack-ups installed more than 4,000 turbines and foundations. Based on this, we have further developed our expertise for the wind turbine and foundation installation market. If we want to achieve our Net Zero goals, we need to continuously optimize our solutions. That is why we work closely with our chain partners to modernize the global infrastructure for sustainable energy supply.
Together toward Net Zero
Cyril Widdershoven Founder/Owner/Geopolitical-Risk-Economics and Oil Gas Partner
