Sustainability – ESG

Home

Sustainability - ESG

Geoseas has always been a purpose-driven company. We unlock the power of people, ideas, and technology to reimagine what’s possible. The power comes from connecting purpose to our performance.

Our purpose is to deliver financial value to shareholders while creating societal value through our environmental, social, and governance commitments. This drives our performance and guides decision-making for Geoseas employees, ensuring we meet stakeholder expectations. We recognize the importance of science in shaping a positive future for all, with the resilience of our planet, people, and economy relying on it. As expectations rise, we aim to grow our business by setting meaningful ESG goals and demonstrating progress. We prioritize innovation for climate solutions and reducing our environmental impact, supporting sustainable communities through various initiatives. Geoseas leverages its capabilities to make a meaningful impact in workplaces and communities, striving for equity and inclusivity. Our corporate governance practices prioritize long-term shareholder interests, strengthen our board and management, and uphold our century-long legacy of integrity and ethical business practices.

Our Environmental Goals

Geoseas is committed to embracing circular business models that prioritize regenerative practices, replenishing natural resources rather than depleting them. We aim to transition away from linear models of consumption towards ones that focus on accomplishing more with fewer resources. This includes keeping products and materials in use, designing out waste and pollution, and restoring natural systems. Science is a fundamental aspect of our Strategic Sustainability Framework, guiding us in developing solutions that advance the global circular economy. We are dedicated to integrating renewable and recycled materials into our products and improving the circularity of water, packaging, and waste in our operations. Additionally, we prioritize strategic risk mitigation related to these materials. Recognizing the urgent need to address climate change, we understand the importance of taking decisive action to mitigate its impacts. Extreme weather events, rising sea levels, pollution, and resource scarcity emphasize the critical role that corporations must play in safeguarding our planet and its inhabitants.

Our Social Priorities

Geoseas recognizes the pressing social challenges posed by a growing global population, expected to surpass nine billion by 2050. We understand that science and engineering are pivotal in improving lives, both for humans and marine creatures, in communities worldwide. The COVID-19 pandemic underscored the indispensable role of science in addressing community needs, from combating the virus to preparing for future crises. Geoseas is dedicated to supporting communities globally, leveraging science, innovation, and collaboration to tackle pressing issues like climate change, healthcare inequality, and social inequities. We understand that the success of our business is intricately linked to the well-being and prosperity of all communities. Therefore, we prioritize equal access to STEM education and careers and advocate for diversity, equity, inclusion, and social justice within our company and beyond. Together, we aim to lead the way in designing a future that is equitable and sustainable for everyone.

We Lead With Culture

At Geoseas, we lead with culture. We want our employees to focus on making an impact on the world and feel empowered to bring innovation into their work. Our employees do work that matters, applying Geoseas Science in ways that make a positive impact on people’s lives. As we build Geoseas for the future, strengthening our culture is a top priority. Building, fostering, and supporting meaningful connections inside of Geoseas as well as within the local communities where we operate is fundamental to our Strategic Sustainability Framework. Active listening and engagement are the first steps to understanding and managing our impacts on local communities as well as helping identify opportunities to support them in their needs.

Our Governance Priorities

We are committed to doing business the right way. It makes us more resilient, enables us to deliver value, and better serve the long-term interests of shareholders. We firmly believe that good corporate governance practices serve the long-term interests of our stockholders, strengthen Geoseas’ Board of Directors and management, and further enhance the public trust Geoseas has earned from operating with unwavering integrity and doing business the right way.