2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 88 MANAGEMENT REPORT 3 Social and environmental information Because situations on the ground can be complex, BOURBON employees and stakeholders may need support in the application or interpretation of the Code of Conduct. BOURBON strengthened its ethical approach by providing its employees and stakeholders with an ethics alert line available 24/7 enabling anyone to report behavior contrary to the BOURBON Code of Conduct. 6.3 ENVIRONMENTAL INFORMATION 6.3.1 General environmental policy Five subsidiaries of the Group were certified ISO 14001. With its Operational Safety Management (OSM) (1) standard, BOURBON takes a harmonized approach towards operational safety and efficiency, with a special section on the environment. The aim is for all BOURBON entities to have a tool enabling them to measure and improve their management systems, via a self-assessment based on KPIs derived from industry best practice, both for onshore and offshore operations. In 2017, the team responsible for managing fuel use continued its efforts to improve the collection, processing, quality, verification and sharing of environmental data from vessels. An application to collect operational data has been installed on Board 222 Supply and Crew Boats of over 32 m. This application collects vessel operations daily, as well as engine hours that are directly linked to diesel consumption. Fuel, water, oil and waste consumption data are also collected daily. This data is automatically shared internally with over 520 users (Management and Captains/Head Mechanics) using dashboards developed by the “Fuel Management” and “Business Intelligence” teams. This information makes it possible to optimize consumption and minimize the environmental impact of BOURBON’s maritime activities. Since the client remains the initiator for operations, the scope for action may seem limited. Nevertheless, best practices have been introduced on board vessels to optimize consumption, reduce engine hours and lower emissions. In 2017, crew training in good operational practices continued, the aim being to minimize fuel consumption and therefore greenhouse gas emissions as much as possible. For example, captains are automatically notified by email when best practice for efficient vessel management has not been followed. Finally, the reference officers provide onboard training in modules on the BOURBON intranet. Reference officers and Internal Auditors also stress the importance of the quality of reporting for data reliability. All seagoing personnel have access to the various environmental regulations applicable on their vessel. All these measures raise the awareness of seagoing personnel on environmental protection. The daily monitoring of consumption on 222 vessels and monthly monitoring on the rest of the fleet makes it possible to distinguish consumption by vessels during chartering and non-chartering periods, and also enables figures to be fed back on waste generation and freshwater consumption. The recommendations made by international bodies in this regard, particularly the International Maritime Organization (IMO), have been respected. The consumption of fuel (Marine Gas Oil) and lubricant oil in 2017 was 368,090 m 3 , and 1,834 m 3 respectively. In 2017, consumption outside chartering periods represented 24,926 m 3 , i.e . 6.7% of the Group’s total consumption. The gross emissions for 2017 are presented in the table below: (in metric tons) 2017 2016 2015 Emissions of CO 2 1,002,705 1,158,888 1,393,658 Emissions of SO x * 1,716 1,646 2,211 Emissions of NO x 22,423 25,390 29,910 * The sulfur rate is reported by seafaring personnel or failing this, estimated using the following ratios 0.1% per unit mass in Europe, the North Sea, and 0.5% per unit mass in the rest of the world. (1) OSM: Operational Safety Management – defined by the Oil Companies International Marine Forum (OCIMF).