GlobalData offers a comprehensive analysis of Saipem, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Saipem‘s ESG performance. GlobalData’s company profile on Saipem offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Saipem, an Italian energy company, has set target for net zero by 2050 as part of its commitment to addressing climate change. Saipem aims to reduce its greenhouse gas (GHG) emissions across scope 1, scope 2, and scope 3. Scope 1 emissions refer to direct emissions from owned or controlled sources, scope 2 emissions are indirect emissions from the generation of purchased energy, and scope 3 emissions are indirect emissions from sources not owned or controlled by the company. In 2022, the company’s emissions reported Scope 1 was 1,227.5 kt CO2 eq, scope 2 emissions (both market-based and location-based) were 24.1 and 26.5 kt CO2 eq respectively and scope 3 was 3,131.6 kt CO2 eq. In 2022, the company achieved emission savings of 38,194 t CO2 eq through energy efficiency initiatives.
The company is targeting carbon neutrality for Scope 2 by 2025 and aims for a 50% reduction in Scope 1 and 2 emissions by 2035 against a 2018 GHG emission baseline. Saipem is actively working to reduce its carbon and GHG emissions. The company has implemented a climate change mitigation strategy and is focused on adapting to climate change. It recognizes the economic impacts of climate change and is taking steps to build resilience and transition to a low-carbon future. Saipem is also addressing air emissions and is committed to reducing its GHG emissions and improving air quality.
To achieve its emission reduction goals, Saipem has invested in renewable energies and is actively managing its waste. The company follows a responsible waste management system, aiming to minimize waste production and maximize recycling. Saipem is also focused on reducing pollutant emissions, such as nitrogen oxides (NOx), sulfur oxides (SOx), carbon monoxide (CO), non-methane volatile organic compounds (NMVOC), and particulate matter (PM10). Despite an increase in pollutant emissions in 2022 compared to the previous year, Saipem has implemented energy efficiency measures to achieve reductions in other atmospheric pollutants.
Saipem recognizes the importance of water management and is committed to recycling and reusing water. The company has implemented measures to reduce water discharges and is mindful of the need for greater resilience in water resource planning and management, particularly in response to the effects of climate change.
Overall, Saipem is taking significant steps to reduce its carbon and GHG emissions, improve air and water quality, and contribute to the global efforts to combat climate change. The company's commitment to net-zero targets and its ongoing efforts to implement sustainable practices demonstrate its dedication to environmental stewardship and a low-carbon future.