Saipem accepted into the UN Global Compact

Saipem has been officially accepted into the United Nations Global Compact, from whose principles of environmental protection, respect for human and labour rights and the fight against corruption the company draws inspiration to manage an ethical and sustainable business that creates value for its stakeholders.

Stefano Cao, Saipem CEO, commented thus: “Acceptance into Global Compact is, for us, further motivation towards achieving constant progress. It is an important step forward in seeing sustainable development and corporate responsibility become increasingly integral to the founding values of the culture and organization of the new Saipem and tangible proof of the shared commitment to the continuous improvement of the company with regard to its stakeholders”.

Annual Report 2017
Saipem Modern Slavery Statement 2017

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Attempted frauds

Saipem SpA has become aware of numerous cases of attempted frauds and, sometimes of fraud offences to the detriment of companies operating principally in the steel sector. In particular, unknown persons, falsely claiming to work for Saipem, using fake company trademarks and or email addresses apparently referred to Saipem SpA, have been contacting companies - operating in the steel sector - with enquiries related to the purchase and sale of steel materials (e.g. rolled steel sheets, round bar steel, steel or copper coils etc.) Saipem S.p.A. already informed the appropriate judicial authorities. In any case, Saipem recommends exercising caution and distrusting any enquiries regarding the purchase or sale of materials that do not come through the consolidated commercial channels. Anybody with information regarding such attempted fraud offences, as above described, or with doubts regarding transactions with parties claiming to represent Saipem either directly or indirectly, should contact the company’s legal unit and/or procurement offices at Saipem S.p.A., Via Martiri di Cefalonia, 67, 20097 San Donato Milanese (Milan). Telephone +39.02.44231

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