Reporting Methodology

For the purpose of guaranteeing the quality of the information provided, Saipem reporting process is based on the criteria of balance, comparability, accuracy, timeliness, reliability and clarity. In order to define the contents of the several Saipem communication tools, reference has been made to the principles of materiality, stakeholder inclusiveness, Sustainability context and completeness.

Saipem has developed its own specific approach, mainly based on a structured framework, to analyze the needs of each stakeholder group and to ensure that they are taken into account. All of these requirements are assessed in relation to the Company mission and strategy to develop Sustainability.
The “Stakeholders messages” generated through this process are the basis for the definition of future Sustainability targets and activities.

A set of Key Performance Indicators (KPIs) supports the messages presented to the stakeholders and enables the Company’s performance to be assessed. The KPIs used are based on the panel of indicators put forward by international guidelines and global best practices, adapted to the diverse and specific Saipem operational contexts.
The data reported in the annual Sustainability Reports and in the project/country Case Studies are usually taken from the information systems used for the general management and accounting of Company operations or from public data made available by recognized Institutions.

The annual Sustainability Report is approved by the Board of Directors and distributed at the Shareholders Meeting convened to approve the Financial Report.

To assure the reliability of the information provided in the document and to improve the reporting process, an external independent audit firm performs an audit on the Report to review the Company Sustainability reporting, in terms of management systems and processes on which it is based. For any reference see the assurance statement included in the Sustainability Report.