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Technip Energies is committed to carrying out its business activities in an ethical and transparent manner. In furtherance of this, we engage with international organizations on economic, social, and environmental issues.
ESG commitments
ESG Commitments and Ratings
VERT BLEUROUGE
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UN GLOBAL COMPACT
Since 2021, Technip Energies is a signatory to the United Nations Global Compact. By joining the Global Compact, we embrace the Global Compact’s Ten Principles – which cover human rights, labor standards, the environment, and anti-corruption efforts – and contribute towards achieving Sustainable Development Goals (SDGs) by 2030. See more in section Materiality and UN SDGs page 72.
BUILDING RESPONSIBLY The Company has reaffirmed its commitment to a safe and open work environment as a member of Building Responsibly since 2019, and, in 2021, as a member of the Steering Committee of this important industry body. Building Responsibly is a group of leading engineering and construction companies that are working together to promote the rights and welfare of workers across the industry, and Technip Energies has been instrumental in the development of tools and standards associated with the Building Responsibly Worker Welfare Principles.
ACT4NATURE INTERNATIONAL
Technip Energies joined Act4nature International in September 2022 to reinforce its action towards conservation of nature and biodiversity. Act4nature International is a pragmatic alliance initiated by businesses and stakeholders, including business organizations, NGOs and scientific institutions, to accelerate concrete actions in favor of nature.
To join Act4nature International, businesses agree to 10 ‘common’ commitments and define individual SMART commitments to be assessed by a steering group of Act4nature stakeholders. Members also commit to publicly report on the progress of their initiatives within two years of joining.
As a member of Act4nature International, Technip Energies has made the following commitments in its action plan: Integrating biodiversity into its global strategy and activities; Not participating in any new projects which would be located in areas identified by International Union for Conservation of Nature’s (“IUCN”) as being most sensitive; Reporting the exposure of Technip Energies’ projects and assets sites to biodiversity risk.
SYNTEC-INGÉNIERIE
Syntec-Ingénierie is a professional federation of consulting engineering companies in France. In 2021, Technip Energies has signed La Charte de l’Ingénierie pour le Climat (The Climate Engineering Charter). Through this charter, the signatories undertake to be proactive in the missions and projects they carry out to reduce their carbon footprint and to sustainably adopt low-carbon internal practices and reduce their own greenhouse gas emissions. The three commitments of engineering companies for the climate are: Acting concretely in favor of the climate through the projects entrusted to us; Sustainably reducing the carbon footprint of our own activities; and Supporting our employees' commitment in favor of the climate.
EPE - ENTREPRISES POUR L’ENVIRONNEMENT
Entreprises pour l’Environnement (EpE) is an association consisting of approximately 60 French and international large companies from all sectors of the economy which work together to better integrate the environment into both their strategies and their day-to-day management. In December of 2022, Technip Energies became a member and shared its vision of the environment as a source of opportunities and progress, with a broad understanding of ‘environment’ covering: raw materials, energy and climate change, water, biodiversity, pollution, waste, and health issues. EpE believes that caring for the environment is a source of long-term value for businesses. It provides its members with a forum for best-practice-sharing and debates within the business world itself, as well as with various stakeholders such as NGOs, policy-makers or academics. EpE is committed to improving its members’ practices and stimulating innovation and commitment to the environment, enhancing the business world’s credibility on environment by publicizing its pioneering achievements, and to planning ahead and analyzing sustainability issues as an internationally recognized think-tank and platform of expertise.
Sustainability external ratings
MSCI ESG Rating EcoVadis EthiFinance Sustainalytics
S&P Global CSA
CDP Climate Change ISS-ESG
2022 Technip Energies score AAA 78/100 51/100 33.3 34 D C-
Industry Average Score A 46/100 50/100 37.7 23 C C+
Percentile -- 99th -- 24th -- -- --
Progress vs. 2021 AA to AAA +10 points +20 points -4.4 +23 points -- D+ to C-
Highlights Industry leader
Platinum Medal for Technip
Energies France
Among top 1% of companies
assessed by EcoVadis
Performance above industry
average
Performance above industry
average
Performance above industry
average
1st year of reporting
Score publication date 16/12/2022 22/12/2022 27/12/2022 29/10/2022 22/12/2022 13/12/2022 01/02/2023
ESG Rating Agencies ESG analysts monitor Technip Energies’ sustainability performance constantly. Through the application of different methodologies, our performance is assessed in relation to environmental, social, and governance topics for inclusion in sustainability indices. These indices are used by the financial community as strategic tools to support investors in identifying risks and opportunities linked to sustainability in their investment portfolio, and supporting the development of sustainable investment strategies. We are working to continually improve our positioning in ESG ratings, aiming to reach a sector leadership position, by improving disclosure on ESG matters following international reporting frameworks such as GRI Standards, TCFD and SASB. Our ESG ratings disclosed in 2022 are presented in the following graph and table.
CCC B BB BBB A AA AAA
0 68 78 100
0 31 51 100
50 43.5 33.3 0
0 11 34 100
D- D C- C B- B A- ANot scored
D- D D+ C- C C+ B A-B- B+ A A+
Gold Platinum
EcoVadis (Technip Energies France)
MSCI ESG Rating
EthiFinance
Sustainalytics
S&P Global CSA
CDP Climate Change
ISS ESG
2021 2022
2021 2022
2021 2022
2021 2022
2021 2022
2021 2022
2021 2022
14 . ESG Commitments and Ratings Technip Energies Sustainability Report 2022 . 15