TCFD Correspondence Table Climate Change has been identified as a material topic to Technip Energies’ stakeholders during the materiality assessments that took place in 2021. Overall, transformations linked to climate change are a source of opportunities for Technip Energies, the main risk being to fail leading by example and thereby lose traction with clients, investors, new talents and collaborators in the company. Concrete climate-related programs to either grab opportunities, or mitigate risks are deployed in our ESG Scorecard, aligned with a 1.5°C trajectory. We present below our main climate-related disclosures in line with TCFD recommendations.
Theme Recommended Disclosure Reference in Technip Energies 2022 Annual Report
Governance a) Describe the board’s oversight of climate-related risksand opportunities. 3.2.1. ESG Governance 5.1.8. 2022 Board of Directors Meetings 5.1.9. 2022 Board Committee Meetings
Governance b) Describe management’s role in assessing and managingclimate-related risks and opportunities. 3.2.1. ESG Governance
Strategy a) Describe the climate-related risks and opportunities theorganization has identified over the short, medium and long term. 3.5.2. ESG Risks and Opportunities 3.1.5. A Focus on CO2 Management
Strategy b) Describe the impact of climate-related risks and opportunitieson the organization’s businesses, strategy and financial planning. 3.5.2. ESG Risks and Opportunities
Strategy c) Describe the resilience of the organization’s strategy, taking
into consideration different climate-related scenarios, including a 2°C or lower scenario.
3.3.1.1. Decarbonize the future 3.5.2. ESG Risks and Opportunities
Risk Management a) Describe the organization’s processes for identifyingand assessing climate-related risks.
3.4. Materiality and UN SDGs 3.5.2. ESG Risks and Opportunities 4.1. Risk Management overview 4.2. Enterprise Risk Management framework
Risk Management b) Describe the organization’s processes for managingclimate-related risks.
3.3.1.1. Decarbonize the future 3.5.2. ESG Risks and Opportunities 4.1. Risk Management overview 4.2. Enterprise Risk Management framework
Risk Management c) Describe how processes for identifying, assessing
and managing climate-related risks are integrated into the organization’s overall risk management.
3.5.2. ESG Risks and Opportunities 4.1. Risk Management overview 4.2. Enterprise Risk Management framework
Metrics and Targets
a) Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process.
3.3.1.1. Decarbonize the future 3.5.2. ESG Risks and Opportunities 3.6.2. ESG indicators
Metrics and Targets
b) Disclose scope 1, scope 2 and, if appropriate, scope 3 greenhouse gas (GHG) emissions, and the related risks.
3.3.1.1. Decarbonize the future 3.5.2. ESG Risks and Opportunities 3.6.2. ESG Indicators
Metrics and Targets
c) Describe the targets used by the organization to manage climate- related risks and opportunities and performance against targets.
3.1.2. ESG Roadmap and Scorecard 3.3.1.1. Decarbonize the future
SASB Correspondence Table Technip Energies followed the Sustainability Accounting Standard: Engineering and Construction Services version 2018-10 as recommended by the Sustainability Accounting Standards Board (“SASB”).
Topic Accounting metric Category Code Reference in Technip Energies 2022 Annual Report
Environmental Impacts of Project Development
Number of incidents of non-compliance with environmental permits, standards, and regulations
Quantitative IF-EN-160a.1 Information unavailable
Discussion of processes to assess and manage environmental risks associated with project design, siting, and construction
Discussion and Analysis IF-EN-160a.2
3.3.1.2 Enhance circularity and protect biodiversity
Structural Integrity & Safety
Amount of defect- and safety-related rework costs Quantitative IF-EN-250a.1 Information unavailable
Total amount of monetary losses as a result of legal proceedings associated with defect- and safety-related incidents
Quantitative IF-EN-250a.2 Information unavailable
Workforce Health & Safety
(1) Total recordable incident rate (TRIR) and (2) fatality rate for (a) direct employees and (b) contract employees
Quantitative IF-EN-320a.1 See Safety indicators at section 3.6.2. ESG Indicators
Lifecycle Impacts of Buildings & Infrastructure
Number of (1) commissioned projects certified to a third-party multi-attribute sustainability standard and (2) active projects seeking such certification
Quantitative IF-EN-410a.1 See ISO certifications indicators on the sections Environmental Management, Safety and Quality at 3.6.2. ESG Indicators
Discussion of process to incorporate operational-phase energy and water efficiency considerations into project planning and design
Discussion and Analysis IF-EN-410a.2
3.3.1.1. Decarbonize the future 3.3.1.2 Enhance circularity and protect biodiversity
Climate Impacts of Business Mix
Amount of backlog for (1) hydrocarbon-related projects and (2) renewable energy projects Quantitative IF-EN-410b.1 Information unavailable
Amount of backlog cancellations associated with hydrocarbon-related projects Quantitative IF-EN-410b.2 Information unavailable
Amount of backlog for non-energy projects associated with climate change mitigation Quantitative IF-EN-410b.3 Information unavailable
Business Ethics
(1) Number of active projects and (2) backlog in countries that have the 20 lowest rankings in Transparency International’s Corruption Perception Index
Quantitative IF-EN-510a.1 Information unavailable
Total amount of monetary losses as a result of legal proceedings associated with charges of (1) bribery or corruption and (2) anticompetitive practices
Quantitative IF-EN-510a.2 Information unavailable
Description of policies and practices for prevention of (1) bribery and corruption, and (2) anti-competitive behavior in the project bidding processes
Discussion and Analysis IF-EN-510a.3 3.3.3.2. Foster Integrity
Activity Metrics
Number of active projects Quantitative IF-EN-000.A Information unavailable
Number of commissioned projects Quantitative IF-EN-000.B Information unavailable
Total backlog Quantitative IF-EN-000.C 2.3.2. Consolidated results of operations
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Impact Book
Technip Energies Sustainability Report 2022 . 103102 . Impact Book