Dear stakeholders,
It is with great pride that I introduce Technip Energies second sustainability report which is aligned with the GRI (Global Reporting Initiative) Sustainability Reporting Standards, the Task Force on Climate- Related Financial Disclosures (TCFD), and the Sustainability Accounting Standards Board Standards (SASB). As an integral part of our 2022 Annual Report, it highlights our commitment to fully embed sustainability both in our strategy and in the life of the company; it also supports our business and drives our future success.
To achieve a high level of extra-financial performance requires ambitious commitments. Our ESG roadmap sets out our engagements around three strategic pillars; to preserve our climate and environment, to ensure the safety and development of our people, and to instill trust through strong governance, transparency, and accountability. We are committed to drive positive changes for our stakeholders and endorse the United Nations Sustainable Development Goals.
Highlights of our key achievements in 2022 include:
On climate and environment: We reduced scope 1 & 2 emissions by 11% compared to 2019, and we are on track to reach net zero by 2030. For the first time, we are reporting our scope 3 upstream emissions. Our calculation methodology enables us to measure our scope 3 downstream emissions for which we have made an initial gross estimate, as well as scope 4, avoided emissions from our clients’ point of view thanks to the carbon capture projects in the EPC phase of our backlog. In 2023 our scope 3 downstream estimate will be
refined and published together with targets to decarbonize our core business and that of our clients as we transition to new sustainable business.
People are our assets: Safety is at the heart of what we do. Since 2022, all eligible construction sites now have a behavior- based safety (BBS) program in place. While our safety targets are not new, they are now included in our scorecard to make them completely visible and transparent.
From 12% in 2021, we have increased the number of women in leadership positions to 18% and we aim to reach 25% by 2025. We believe that setting targets is key to improving gender diversity, so we aim for women to make up 35% of our permanent workforce by 2030, to reach gender parity by 2050. We will achieve this by supporting women in STEM and ensuring gender parity in new graduate recruitments to build up our pipeline of future leaders.
In 2022, the number of volunteer hours increased by 50%. To leverage this level of dedication from our employees, for the first time we set a new target to develop social initiatives to benefit 750,000 people over a 5-year period in our local communities.
On trust: It is core to our relationship with all our stakeholders, in the objectives that we set and in the way we perform. Which is why human rights due diligence and ESG performance will increasingly form part of our qualification criteria for suppliers and subcontractors to be monitored and audited.
In 2022, we benchmarked our approach and engaged with rating agencies to improve disclosure and identify areas of progress, with the ambition of being a leader for our sector. Each rating agency reported a year-on-year
Letter to stakeholders
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We have strengthened our commitments and recentered our focus on impact driven targets to accelerate our sustainability journey. In 2023, we will strive to make even greater progress.”
Samir Karoum Chief Strategy & Sustainability Officer
improvement. We are proud to be rated AAA industry leader by MSCI for Technip Energies and to have been awarded a Platinum medal by Ecovadis for Technip Energies France.
Like the energy transition, the route to sustainability is a journey. But to achieve the goals of the Paris climate agreement we need to act fast and ramp up the rhythm. Our new ESG scorecard for the period 2023-2025 has been simplified and structured to be best-in-class. We have strengthened our commitments and recentered our focus on impact driven targets to accelerate our sustainability journey. In 2023 we will strive to make even greater progress, as we help to drive our clients’ transition towards a new energy system and deliver robust financial performance.
04 . Letter to stakeholders
