Human and Labour Rights Approach
Our commitment to human rights is a founding principle of our Code of Ethics that guides our business and corporate ethics and is an integral part of our policies and processes. Saipem’s tripartite approach to Human and Labour Rights is summarised below:
Saipem’s risk-based approach to human rights is aimed at identifying, preventing, mitigating and reporting potential impacts of company operations and activity. Here are some numbers from our 2023 performance:
The Human Right Policy highlights the four key areas identified as being fundamental to our way of operating and for the associated risks: labour rights, supply chain, local communities and security.
In addition, the Vendor Code of Conduct includes specific labour and human rights requirements for our contractors and vendors.
Our frame of reference
Saipem operates within the framework of the principles in the United Nations’ Universal Declaration of Human Rights, the core International Labour Organisation (ILO) conventions and the Organisation for Economic Co-operation and Development (OECD) guidelines for multinational companies.
The United Nations’ Business and Human Rights Guidelines, Global Compact, 2030 Agenda and Sustainable Development Goals form the basis for our sustainable business strategy. Saipem annually publishes the “Saipem human rights and modern slavery statement” in compliance with the requirements of the 2015 UK Modern Slavery Act, the 2018 Australia Modern Slavery Act and the 2022 Norwegian “Transparency Act”.