Modern slavery act statement

Modern slavery act statement

Modern Slavery Statement for Seadrill Management Limited (‘SEADRILL”)

This statement is made pursuant to section 54 of the Modern Slavery Act 2015 (the “Act”) and sets out the steps that Seadrill has taken during this financial year and continues to take to comply with the Act to ensure that the risk of modern slavery or human trafficking taking place within our business or supply chain is mitigated, and in the event, there are breaches, it is identified early and dealt with.

INTRODUCTION FROM THE CEO

Seadrill carries out its operations in accordance with internationally recognised human rights standards and supports the UN’s Declaration of Human Rights and its work to end forced labour, discrimination, and child labour. Seadrill is committed to continuing to improve our practices to combat slavery and human trafficking.

ORGANISATION’S STRUCTURE

Seadrill is a leading offshore drilling contractor employing highly skilled employees across the globe. We operate through a global structure, enabling us to provide an extensive, specialist, coordinated and cohesive service. Our operations are split into two main operating centres in Houston and Stavanger and our corporate management office is located in London.

OUR BUSINESS

Seadrill is one of the largest offshore drilling contractors in the world and our aim is to unlock oil and gas for the benefit of our customers in the safest most efficient way. Our versatile fleet of drillships, jack-ups, semi-submersibles and tender rigs operate in shallow to ultra-deepwater areas in both harsh and benign environments.

Our fleet is one of the youngest, most modern of all the major offshore drilling contractors. We are recognized for providing the highest quality operations, in some of the most challenging sectors of offshore drilling.

OUR SUPPLY CHAINS

Our supply chains include logistics, equipment and services for our rigs and associated support services required to maintain our business.

OUR POLICIES ON SLAVERY AND HUMAN TRAFFICKING

We are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business. We publicise our commitment to human rights and to ending forced labour in our Code of Conduct (‘Code’) and our employees undertake mandatory online Code training.

DUE DILIGENCE PROCESSES FOR SLAVERY AND HUMAN TRAFFICKING

Seadrill is working towards ensuring its due diligence process for slavery and human trafficking is proportionate and risk based.

Suppliers shall have an element of human rights due diligence performed through the adverse events and media screening process, but enhanced human rights due diligence shall be conducted on high risk suppliers in accordance with their risk rating.   Seadrill is working towards further strengthening our slavery, and human trafficking compliance Program.

Separately, as part of our initiative to identify and mitigate risk, we operate an integrity reporting channel (the “Seadrill Integrity Channel”), co-ordinated by an independent Compliance function and run by an independent third party through which any matters of integrity concern can be raised, including those that relate to human rights, modern slavery, or human trafficking within our business.  If preferred, integrity concerns reporting can be submitted to the Seadrill Integrity Channel anonymously. We also welcome integrity reports raised internally, whether direct to management, or with our HR, Legal or Compliance functions. Seadrill does not accept retaliation in respect of any integrity concerns reports raised in good faith.

SUPPLIER ADHERENCE TO OUR VALUES

We require our suppliers to adhere to our values. We have included a section confirming our zero-tolerance attitude towards slavery and human trafficking in our Code of Conduct. We shall only work with suppliers who commit to operating to the same standards as outlined in our Code.

 To reinforce this, we have introduced mandatory anti-slavery clauses into our supply chain contracts and issue a Supplier Code of Conduct to our suppliers.

TRAINING

To ensure a high level of understanding of the risks of slavery, and human trafficking in our business, targeted awareness training shall be provided to our procurement staff, as well as targeted human rights due diligence reporting training to our Compliance staff.

This statement constitutes Seadrill’s slavery and human trafficking statement for the financial year ending December 2023.