TOGETHER WE ARE SMARTER: ACCELERATING TECHNOLOGY CONNECTIONS TO GROW PEOPLE SYNERGIES
At Technip Energies, the Knowledge Management (“KM”) center of excellence delivers solutions and support as it drives a culture of learning and execution through social learning, innovative collaboration and knowledge transfer strategies, to unleash the potential of Technip Energies’ people - in order to improve our core business capabilities. KM is built around four primary solutions and is a key contributor to the coordination of the Technical Expertise Program and Expertise Day. By showcasing our technical expertise, employees feel more connected, motivated, and united behind our collective effort to engineer a sustainable future.
Our Technical Expertise Program
We employ people based on relevant qualifications, demonstrated skills, performance and other job-related factors. Consequently, the retention of key knowledge and skills among employees is a major identified risk. To mitigate this risk, Technip Energies is developing several initiatives such as Knowledge Management technologies and solution designs, and has deployed its new global Technical Expertise Program to recognize technical experts from all over the world who have demonstrated outstanding expertise in a technical field. Its 400 members advance Technip Energies’ technical leadership by advising, innovating, enhancing operations, sharing knowledge, and inspiring others – within the Company and across the industry. In 2023, a new nomination phase will be deployed across the organization, with a new focus on energy transition disciplines. Technip Energies will continue to enlarge the current pool of experts and with KM strategies and solutions as a foundation, it will help make Technical Expertise Program member contributions and expertise available to the entire organization.
employees a harmonized and common ground of benefits wherever they operate, embedding basic coverage needs as well as reflecting as much as possible well- being expectations from today society. To achieve this high-level ambition, and to start the journey, the first step involved to clearly identify our risk portfolio and mutualizing it as much as possible through multinational pooling. In 2022, we therefore carried out an exhaustive inventory of all employee benefits throughout the Company with the objective of optimization, alignment, and harmonization. As part of this inventory, we benchmarked Technip Energies’ practices with other companies in the industry to reinforce our alignment with our peers where needed. This been completed, the next steps over 2023 will be to design the features of the core benefits standard in collaboration with internal and external stakeholders. It will also require to work specifically with our global broker and insurance companies to assess the impact on the existing contract base and agree on the roadmap to make it converge towards the new standard. Our objective is minimum 90% of our employees being covered by the new core benefits standards worldwide by 2025. When you compare the social security systems for instance in India, France, the UK or the US, the way people are protected by their nation is totally different from one country to another. Therefore, we cannot treat everyone on the same terms, but we can agree on the key markers, on the principles and rights that we are defending. This may include flexible working, parental leave for men and women, minimum levels of coverage for death or access to healthcare as well as other non-insured benefits. In addition, flexibility will be given to Technip Energies’ entities to enrich the core offer to reflect their local market specificities. Once the design phase will be completed, we will define the guidelines for our entities to converge towards this core benefits standard as their existing insurance contracts expire.
COMPENSATION AND BENEFITS
Compensation policy: sustaining a competitive approach Our compensation and benefits strategy ambitions to be competitive in each market we operate, in order to motivate our employees to achieve and exceed our short-term and long-term objectives (business and ESG), while keeping the focus on Technip Energies Values and Purpose, and also to align the interests of our employees with our Shareholders. The Company's pay-for-performance philosophy, supported by a robust performance management practice, strives to set our employees' total remuneration package at a competitive level by benchmarking the market and providing incentives geared to agreed performance outcome, where appropriate. We aim at awarding to our managers, and as many to our employees as possible, short-term incentives driven by individual, team and Group performance. We provide long-term incentives to high-potential and highly valued employees, driven by long-term Company’s performance and value creation. We believe our long-term success is directly linked to the caliber of the employees we employ and the working environment that we create. See also our 2022 Annual Report, section 5.3.3. Employee share schemes.
Setting core benefits standard worldwide The creation of Technip Energies in 2021 was the occasion to define a new corporate culture with the goal of embedding ESG in everything we do and in the choices we make to reinforce our long-term impact. Accordingly and in relation to Technip Energies’ aspiration to offer an adequate work environment to its people, we set the objective to provide a new core benefits standard worldwide by 2025. The global core benefits standard ambitions to provide to Technip Energies’
Defining and implementing the new core benefits standard is a voluntary commitment and signal for the well-being of our people and towards those who intend to join us, underpinned by insurance contracts which represent an annual budget superior to €50 million. It is an investment for our people and core to our employee value proposition.”
SÉBASTIEN THIRION Vice-President, Compensation, Benefits & International Mobility
Expertise Day becomes a global event In 2022, Technip Energies held its first-ever company-wide Expertise Day. An integral element to the Technical Expertise Program, the event gathers experts in a single day to engage and share knowledge with employees. As part of the event, eight global webinars were held throughout the day, covering topics
from Hydrogen Generation to LNG, attended by around 700 employees. In addition, there was an extensive range of local events at 20 locations across our business. In total we had 190 technical presentations, stands and panels, delivered by our experts. At these events, a myriad of subjects were discussed, from “Exotic Heat Exchangers” to “3D Laser Scan and Virtual Reality”.
People
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6th edition of our Expertise Day in 2022
Technip Energies Sustainability Report 2022 . 5352 . ESG Roadmap and Performance
