Our journey across the current global energy landscape is guided by three forecasted scenarios: the rise in global energy demand through 2030, increased process efficiency, and the gradual shift in energy sources. In this context, energy infrastructure becomes the most important driver for sustainable development.
Building the future
“Engineering for a sustainable future” is Saipem’s purpose and expresses the crucial role we have as engineers in building and enabling the energy transition towards a low-carbon future. This purpose guides strategic decisions, emphasizing the importance of sustainable infrastructure and innovative solutions to achieve collective sustainability goals, including Net Zero by 2050.
Saipem positions itself as a technical partner for energy companies, aiding in project execution with a focus on sustainability, especially in projects involving green or transitional energy sources. Saipem prioritizes the safety and wellbeing of its personnel and upholds human rights across its value chain, contributing positively to local communities while reducing emissions and environmental impacts.
This comprehensive approach is embraced by Saipem's team, fostering a culture of responsibility and integrity in responding to client needs. Saipem's forward-looking vision is integrated into its business strategy and four-year sustainability plan, which outlines detailed objectives to create value for stakeholders amidst the uncertainties of the ongoing energy transition and volatile economic and geopolitical contexts.
Saipem’s Sustainability Plan
Saipem has implemented a rolling four-year Sustainability Plan to embed sustainability into its business strategy, establishing clear and measurable targets, and shifting from viewing sustainability as a strategic lever to embracing it as a core strategic priority. This plan was formulated following a thorough analysis of external contexts and frameworks, as well as internal drivers. It is regularly reviewed and updated to reflect the evolution of these drivers and scenarios, ensuring that our approach remains responsive and effective.
The updated Sustainability Plan structure is based on three macro-pillars:
- Climate change mitigation & environmental protection
- People centrality
- Value creation
As showed by the infographic below, these three pillars are articulated into 12 action areas. Furthermore, every macro-pillar is connected to the relevant UN Sustainable Development Goals (SDGs).
The sustainability goals outlined in the Plan are reviewed and updated annually to reflect a range of considerations: their achievement or progress status of the goals, and evolving needs stemming from business dynamics, market trends, legislative changes, or shifts in the socio-economic environment.
The Plan is structured into 12 strategic action areas, each defined by specific objectives and corresponding implementation plans. Detailed descriptions of the main objectives for these action areas can be found on the dedicated page.
Risk Management
Saipem recognises that effectively identifying, measuring, managing, and monitoring key risk areas, including ESG risks, is crucial for operating the company soundly and correctly, consistent with its strategic objectives.
For more information on how Saipem is committed to promoting and maintaining an adequate internal control and risk management system, visit this page.
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Climate and environment strategy
The road to Net Zero, biodiversity and environmental protection
People Centrality
Health, safety, skills, diversity and inclusion underpin our business
Value Creation
Managing a global and complex supply chain to foster sustainable development for stakeholders in every country where we operate.
