We are actively addressing our carbon footprint to combat climate change and support the global energy transition. To do this, we are prioritising progressively reducing emissions, while supporting offsetting projects as a complementary tool for compensating residual emissions, as well as assisting clients in their decarbonisation efforts. Our ultimate goal is to achieve net zero by 2050 for Scope 1, 2 and 3 greenhouse gas (GHG) emissions.
At Saipem, the transformation towards decarbonization is not a solitary journey: it is a shared process, fueled by collaboration with all the players in our value chain. We drive change and are, in turn, driven by it—through ongoing dialogue that helps us identify concrete and innovative solutions. The Net Zero Programme reflects our commitment to integrating sustainability into operations, with clear goals and measurable progress
Making strides towards net zero
Seeing progress
A look at where we are at with our Decarbonisation objectives
DECARBONISATION TARGETS AND PERFORMANCE
| 2024-2027 OBJECTIVES | TARGET YEAR | 2024 RESULTS | PROGRESS |
|---|---|---|---|
|
Commitment to the Net Zero for Scope 1, 2 and 3 |
2050 |
Reduction achieved (Scope 1+2): around 25% vs. 2018 baseline. Expected reduction Scope 1+2 @2050: around 70% |
50%7777
|
| Reduction of Scope 1 and 2 emissions (50% vs. 2018 baseline) |
2035 |
Reduction achieved: around 25% vs. baseline* |
50%7777
|
| Reduction of Scope 2 emissions to zero at 2025 |
2025 |
Scope 2 emissions reduction: around 58% vs. 2018 baseline |
50%7777
|
(*) The 2018 value was re-evaluated to account for changes that occurred in the boundary definition methodology with material coverage to represent trends in emission data with the same boundary. The value changed from the original 1,387,063 t CO2 eq to 1,309,671 t CO2 eq (Scope 1 and 2 Market Based).
The roadmap of our decarbonisation plan
We are committed to achieving net zero GHGs emissions by 2050, and this roadmap, related to Scope 1 and 2 emissions, is our path in reducing our own footprint, while supporting clients to do the same. Our Net Zero Programme is embedded into the company’s strategy. Intermediate key milestones include carbon neutrality for Scope 2 by 2025 and a 50% reduction in Scope 1 and 2 emissions by 2035.
Scope 1 and 2 emissions reduction plan
To reduce scope 1 and 2 emissions, we have a three-phase plan: 1) enhance energy efficiency across operations by adopting the best available technologies; 2) transition to more efficient, lower emissions assets; and 3) implement “emerging” renewable or low carbon energy sources through the replacement of conventional fuels with biofuels, methanol or ammonia.
Managing scope 3 emissions
We strive to support the increasingly stringent environmental ambitions of our clients. Since 2022, Saipem has been using the SupplHi Carbon Tracker, an industry-standard platform aligned with the GHG Protocol and ISO 14064-1 that facilitates vendor onboarding and the definition of our intermediate Scope 3 reduction targets. To accelerate progress, Carbon Tracker questions are now integral to our qualification processes.
Mobility
To address mobility-related emissions, we have implemented several reduction initiatives, including partnerships with airlines that promote the use of sustainable fuels and support Sustainable Aviation Fuel (SAF) initiatives to reduce GHG emissions from business flights, as well as finding strategically located office spaces that promote the use of public transportation and encouraging hybrid work methods for our employees.
The story of James Derrick Alfonso
The Saipem 7000 has been working in recent years to install wind projects in the North Sea and is part of a programme seeking to reduce its emissions through monitoring and best practices. Chief Mate DP James Derick Alfonso shares more about the ship’s double role in the energy transition in this story.
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