1、ANNUAL REPORT 20202-SBM OFFSHORE ANNUAL REPORT 2020 The following sections of this 2020 SBM Offshore Annual Report form the management report(“bestuursverslag”)within the meaning of section 2:391 of the Dutch Civil Code(and related Decrees):Chapter 1 Business Environment,Chapter 2 Performance Review
2、&Impact,Chapter 3 Governance(with the exception of section 3.4 Remuneration Report)and the following sections of Chapter 4 Corporate Statements 2020:4.1 Financial review and 4.10 Non-Financial Indicators.The Financial Statements in the meaning of the Dutch Civil Code are included in the following se
3、ctions of Chapter 4 Corporate Statements 2020:4.2 Consolidated Financial Statements,4.3 Notes to the Consolidated Financial Statements,4.4 Company Financial Statements and 4.5 Notes to the Company Financial Statements.TABLE OF CONTENTSSBM OFFSHORE ANNUAL REPORT 2020-31BUSINESS ENVIRONMENT41.1At a Gl
4、ance61.2Business Context131.3Strategy and Value Creation221.4Risk Management302PERFORMANCE REVIEW&IMPACT382.1Performance Review412.2Sustainable Development and Local Impact663GOVERNANCE703.1Management Board and Supervisory Board733.2Corporate Governance743.3Report of the Supervisory Board803.4Remune
5、ration Report843.5Shareholder Information1003.6Risk&Compliance1033.7Company Tax Policy1063.8Operational Governance1073.9In Control Statement1104CORPORATE STATEMENTS 20201124.1Financial Review116FINANCIAL STATEMENTS4.2Consolidated Financial Statements1274.3Notes to the Consolidated FinancialStatement
6、s1484.4Company Financial Statements2154.5Notes to the Company Financial Statements2184.6Other information2224.7Key Figures232NON-FINANCIAL INFORMATION4.8Scope of Non-Financial Information2344.9Reporting Boundaries2374.10 Non-Financial Indicators2444.11 GRI Content Index2494.12 Certification and Clas