Altera Infrastructure
Altera Infrastructure
Fourth Floor, Belvedere Building 69 Pitts Bay Road Pembroke, HM 08 Bermuda
https://Alterainfra.com
57
55
2
FPSO, towing vessels, shuttle tankers
Altera Infrastructure is a leading global energy infrastructure services group primarily focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. The Altera Infrastructure group has over 2000 employees, consolidated assets of approximately $5 billion, comprised of more than 50 offshore assets, including FPSOs, shuttle tankers, towing vessels and a unit for maintenance and safety
Altera Infrastructure is committed to recycling our assets in a manner that demonstrates best practice in our industry, and which at all times safeguards people, property, and the environment. To fulfill our commitment, we will meet or exceed all compliance obligations, including full compliance with the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships.
Yes
Yes
https://www.alterainfra.com
2018
>75%
Yes
ISO 9001, 14001, 45001
No
Downstream facilities for managing waste and hazardous materials
Yes
Currently no geographical restrictions are applied in the policy. However, Altera is currently not considering performing recycling operations in Pakistan or Bangladesh. Restriction related to recycling method: Blocks are prevented from falling in the intertidal zone, and no blocks shall come in contact with the intertidal zone. If the Ship Recycling Facility (SRF) is not able to comply, then SRF shall detail alternative procedures and improvements plans to minimize impacts in the inter-tidal zone.
Yes
Altera Infrastructure vessels will be recycled only at a SRF that: • Has a valid Statement of Compliance (SOC) to the Hong Kong Convention, issued by a Classification Society with a High performance on the Paris MOU Performance List. EU-flagged vessels will be recycled only in a shipyard on the European List of ship recycling facilities; • Complies with additional requirements related to anti-corruption, sub-contractor management, and labour and human rights, as listed in the Ship Recycling Facility Requirements section of Altera’s procedure, as may be periodically reviewed and updated to incorporate any new or revised laws or industry best practices. Prior to selecting any SRF, the facility will be audited by a Altera representative against Altera’s Ship Recycling Facility Requirements. If the SRF is observed to not meet requirements, a detailed improvement plan describing and committing to specific actions and timelines will be requested from the SRF. The SRF may be selected only after the actions contained in the improvement plan are verified as effectively implemented.
Yes
Yes
2018
Yes
Except where selling an asset for immediate recycling at a designated yard in full compliance with this Policy, sell assets in our fleet that are near end-of-life only if the sales price is at least 25% higher than highest obtainable recycling price, and only to buyers that warrant not to recycle the asset within 24 months of purchase from Altera and to comply with the Hong Kong Convention if the asset is recycled at any time thereafter
Yes
See response to 3.1
Sometimes
Altera will work with our partners to promote responsible recycling. However, Altera currently in-charters few vessels.
Sometimes
Altera will work with our partners to promote responsible recycling. However, Altera currently in-charters few vessels.
Always
We have a track record of recycling vessels owned through JVs according to Altera’s End of Life Sale or Recycling of Vessel policy
Always
RECYCLECON, with Altera specific amendments
Always
Altera maintains a list of approved ship recycling facility yards based on the requirements specified in our “End of Life Sale or Recycling of Vessel” Procedure. This list is continuously updated based on audits and inspections – and subsequent successful/unsuccessful close out of these. Yards have been removed from the list due to unsatisfactory performance observed over time, even when the yard is not actively involved with an Altera recycling project. This is irrespective of the yard having a valid Hong Kong Convention statement of compliance.
Yes
Altera uses the RECYCLECON Standard Contract, with additional clauses providing us the right to: • At any time appoint an internal or third-party auditor • Access all relevant ship recycling facility sites, personnel and documents • Receive weekly monitoring reports, including details of any incidents
Yes
Always
Always
Yes
Altera requires that the Ship Recycling Facility will handle, remove, dispose, and store any Persistent Organic Pollutants (POPs) in accordance with the Stockholm Convention on Persistent Organic Pollutants.
Always
Altera will recycle vessels only at a Ship Recycling Facility that has a valid Statement of Compliance (SOC) to the Hong Kong Convention, issued by a Classification Society with a High performance on the Paris MOU Performance List.
Always
Prior to selecting any SRF, the facility will be audited by an Altera representative against Altera’s Ship Recycling Facility Requirements. If the SRF is observed to not meet requirements, a detailed improvement plan describing and committing to specific actions and timelines will be requested from the SRF. The SRF may be selected only after the actions contained in the improvement plan are verified as effectively implemented. On-site audits are conducted regularly on all yards currently on the Altera approved list of Ship Recycling Facilities, as well as yards considered for inclusion on the list.
Always
Altera monitors and ensures compliance with requirements during all phases of the recycling process, which includes monitoring of performance and incident data, and conducting regular on-site inspections at the SRF. The SRF provides detailed weekly update reports, including as a minimum: • The main activities conducted in the last weeks, including but not limited to cutting progress, removal and disposal of hazardous materials; • The schedule of activities planned for the upcoming weeks; • HSE data and trends • Training and drills carried out in the last weeks and plan for upcoming weeks; • Maintenance and servicing of equipment and machineries; • Statistics and details of any incidents If negative trends are observed in monitoring data, the SRF is required to investigate root causes and create a detailed corrective action plan. The plan is approved, and implementation verified by a Altera representative. The SRF must report any incidents within 24 hours of occurrence and conduct and provide a full incident investigation report within 7 days. In addition, the SRF is physically inspected by Altera at least monthly, on average, throughout the recycling process. Any non-compliances observed and recorded during the inspection must be addressed by the SRF within a reasonable time, and photo evidence provided to Altera representatives for approval. Altera will also work cooperatively with the SRF to provide training and raise awareness. Training focuses on high-risk recycling operations and areas for improvement as observed during inspections and audits. Training is delivered to SRF management and personnel. Lastly, the SRF’s performance is reported to Altera senior management in monthly and quarterly management reviews.
Always
Always
Altera requires SRF’s adherence to International Labour Organization guidelines and conventions, and specifically requires the SRF to: • Maintain a formal and confidential internal complaints / grievance process to receive, investigate, and resolve issues related to violation of HR policies, human rights, or labour practices • Keep records of all policy breaches, as well as investigations and actions taken by the SRF to resolve breaches, complaints or grievances • Protect the privacy and safety of persons reporting complaints / grievances without fear of reprisal
Always
Altera requires SRF’s adherence to International Labour Organization guidelines and conventions, and specifically requires the SRF to maintain a written and communicated policy that: • prohibits harassment and abuse; • prohibits discrimination and supports equal opportunity; • protects all workers’ freedom of association and rights to collective bargaining • prohibits forced or involuntary labour