Geoquip Marine publishes its 3rd Annual Sustainability Report

Geoquip Marine, a provider of geotechnical services to the renewable energy sector and Njord Partners portfolio company, has today published its third Annual Sustainability Report, which outlines the progress the Company has made over the last twelve months with its commitments to sustainability and best business practices, including the reduction of its carbon footprint, improvements in the operational efficiency of its fleet and the steps taken to protect marine biodiversity.

Highlights include:

  • Carbon reduction – achieved 12.3% reduction in carbon emissions across the fleet
  • Goal setting – commitment to 10% reduction to carbon emissions annually
  • Fleet improvements – power upgrade to Geoquip Marine’s chartered vessel Dina Polaris, by the removal of two diesel generators. The entire deck rig is now powered by the ship’s supply
  • Waste management reduction – successful pilot study of a new water filtration system onboard Geoquip Seehorn to curb the use of plastic bottles offshore
  • Marine conservation support – Geoquip Marine joined Marine Mammal Observer Association and continued support of other marine conservation initiatives

We invite you to explore the Report here: Geoquip Marine ESG Report.

Richard Turner, CEO at Geoquip Marine, commented: “Our 2023 sustainability report showcases the tremendous strides our company has made in the offshore geotechnical sector. This year was nothing short of extraordinary, marked by a record-breaking turnover and sustained growth that has solidified our position as a leader in the industry.”

Arvid Trolle, Board Director at Geoquip Marine and Co-Founder of Njord Partners, added: “Over the last twelve months the global energy transition has continued to gather pace and Geoquip Marine’s role at the heart of the windfarm supply chain makes our purpose ever more critical. By integrating sustainability into our core operations, we can maximise the impact on our net zero journey.”

About Njord Partners

Njord Partners is a special situations investment manager and provider of long-term flexible capital solutions. Established in 2013, Njord Partners manages capital in excess of €1 billion. Investing in European middle-market companies facing complex situations, its mission is to deliver superior risk-weighted returns to investors while preserving capital. As a capital partner, Njord Partners offers flexible debt and equity solutions, actively facilitating strategic and operational enhancements within its portfolio companies to drive value.

To find out more visit: https://njordpartners.com/