Sustainability

Sustainability continues to be at the core of MMA’s purpose and is integral to our overall strategy to grow the business sustainably into the future.

Our core belief that “marine resources should be developed sustainably” drives our strategic direction as we continue to transform our business along with the global energy transition.

Whilst our traditional markets of oil and gas will continue to be an important revenue source for the business for some time, we are focused on diversifying our revenue streams into sectors which support the energy transition such as offshore wind along with other adjacent marine markets such as government and defence and environmental services.

We are also looking at strategies to reduce our emissions including emerging technologies and innovations to address industry wide challenges.

MMA’s key ESG initiatives are aligned with several of the United Nations Sustainable Development Goals, which address the key challenges currently faced globally. MMA is focused on Goals 3, 5, 7, 8, 10, 12, 13 and 14 which are the most relevant to our operations.

MMA’s ESG strategy is focused on the following key elements:

  • Environment – how MMA performs as a steward of nature.
  • Social – how MMA manages its relationships with employees, suppliers, customers and the community.
  • Governance – how MMA is governed.
 


ESG Strategy

Environment

  • Environmental Management Systems
    Environmental regulations and conventions, waste management and pollution prevention
     
  • Emissions Reduction
    Developing strategies and initiatives to reduce emissions across our operations
     
  • Supporting the Energy Transition
    Diversifying our services to support the development of offshore wind
     
  • Supporting Healthy Oceans
    Engineered reefs, coastal erosion prevention, marine habitat enhancement

Social

Employee Health & Safety

Employee Wellbeing

  • Employee engagement
  • Employee Assistance Program
  • Mental health
  • Flexible working
  • Parental support

Training & Development

  • Employee support and training

Diversity & Inclusion

  • Awareness and inclusion events
  • Measurable objectives

Community Support

  • Community sponsorship
  • Philanthropy
  • Volunteering

Indigenous Engagement

  • Indigenous training programs
  • Collaboration initiatives

Governance

Corporate Governance Standards

  • Compliant with ASX 4th Edition Corporate Governance Principles

Code of Conduct

Anti-Bribery & Corruption

  • Zero-tolerance approach

Human Rights

  • Modern Slavery Statement
  • Maritime Labour Convention