Materiality and UN SDGs
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Our contribution to UN SDGs The United Nations Sustainable Development Goals (“UN SDGs”) are a set of 17 global goals to help create a sustainable future for all. They represent an interconnected action plan for the planet and society to achieve by 2030.
At Technip Energies, we are taking actions and contributing to the global goals. In 2022, we mapped our alignment with the SDGs to determine where our business most aligned with and contributed to supporting the goals. Our process of identification and prioritization of the main SDGs for Technip Energies is based on our sustainability materiality analysis. In 2021, we have engaged with our internal and external stakeholders to assess the impact of our business through our entire value chain. As a result, we established our ESG Scorecard and Roadmap which represent our commitments and targets and we identified 12 priority SDGs as the goals we most significantly contribute to.
Technip Energies’ contributionUN SDGs Our employees are our most important asset, they constitute our key to success as a company. Therefore, our approach is preventive and holistic for our employees well-being. We continue to put in place measures and tools to improve our employees’ well-being, health and safety. We also defined targets: in 2022, we set a goal of zero fatality within our company’s operations, and a yearly threshold of total recordable incident rate (“TRIR”) at 0.10, both including employees and subcontractors. See more information in the section Safeguard people and reinforce well-being.
The development of our employees is critical to Technip Energies’ success. We invest in our employees development, across all functions and career paths. This is essential for Technip Energies to continue to win and grow leading positions and expertise to meet the energy transition challenges. T.EN University will be launched in 2023. It will be structured around 6 main domains: Technology, Project Management, Digital, Commercial, Management & Leadership and Culture. For the 2023- 2025 period, the global Learning & Development budget will be increased and we have set in our ESG Roadmap a target of 40 hours of learning per year, on average, by employee by 2025. As a part of our efforts to raise knowledge about energy transition for young talent, we will also launch an International Graduate Program dedicated to energy transition in 2023. See more information in the section Attract and grow talents.
In order to promote diversity amongst all our operations around the world, we are implementing local diversity action plans in our main countries. We have ambitious targets within our ESG Scorecard to ensure diversity is within our Board, Executive Committee, leadership positions and in Technip Energies globally. In 2022, we hired 51.7% of women in graduate intake and we achieved 18% of women in leadership positions. Technip Energies is making sure that gender pay equity is effective within the Company. See more information in the section Advance an inclusive culture.
Technip Energies intends to improve the sustainable use of water. Therefore, as part of our ESG Scorecard, we have a target to source 50% of our water consumption from reused sources by 2025. In 2022, we achieved 19% of water from reused sources in our projects and operations. See more information in the section Enhance circularity and protect biodiversity.
We are investing in carbon-free solutions, and especially in floating offshore wind, to contribute to increasing the share of renewables in the global energy mix. We are also very active in CO2 management, and especially in carbon capture and storage (“CCS”). In addition, we also continue to improve energy efficiency of our buildings, reduce our energy consumption and maximize the use of renewables. See more information in the sections A Focus on CO2 Management and Decarbonize the future.
We are a People company. Every employee and every person who works for us can have a meaningful contribution. We aim to develop a workplace where contributions from all are recognized, where people can continuously develop their skills and are fairly rewarded and associated to the company’s performance. One of our Values is “We actively listen”. In November 2022, we have launched “My Voice”, our first global employee engagement survey to which 71% of our employees have participated. See more information in the sections Stakeholder Engagement and Attract and grow talents.
Since Technip Energies’ activities are focused on energy transition, innovation is a must-have to accelerate the world transition to a less carbon-reliant economy. We are making sustainable changes to the way we operate, broaden opportunities, and support new business models. We are focusing our R&D on the low- carbon solutions and establishing technology pathways for our clients to achieve their net zero ambitions. See more information in the sections A Focus on CO2 Management, Decarbonize the future and Accelerate innovation and digitalization.
We aim to reduce inequalities in communities where we operate through our volunteering program. We always foster and encourage participation of employees. In 2022, 2,770 volunteers participated in initiatives organized by Technip Energies for the benefit of more than 420,000 people in the local communities where we operate. See more information in the section Contribute to local development.
Technip Energies continues to focus on waste valorization, which means reusing, recycling, composting, and recovering waste from our operations. In 2022, we gave economic value to 87% of waste generated in our sites through recycling and reuse. Technip Energies has joined Act4nature International in September 2022 to reinforce its action towards conservation of nature and biodiversity. See more information in the section Enhance circularity and protect biodiversity.
Our new climate targets cover the entire value chain (scopes 1, 2 & 3). We aim to become net zero scopes 1 & 2 by 2030 and net zero scope 3 by 2050. We also aim to help our clients reduce their greenhouse gas emissions at their operation sites, thanks to our low-carbon solutions including carbon capture and storage. See more information in the sections A Focus on CO2 Management and Decarbonize the future.
As per our Code of Business Conduct, we have a zero tolerance for corruption, we believe in fair competition, we reject any form of human slavery, we protect personal data and human rights, we encourage our employees to speak up. To reinforce our anti-bribery and anti-competitive practices, we are reducing our non-mandatory commercial intermediaries, with the aim to eliminate all of them by 2025. See more information in the section Foster Integrity.
We continue to partner with various companies in our ecosystem in order to achieve our mutual goals. Examples of partnerships signed or strengthened in 2022: • With Shell Catalysts & Technologies to address the growing Carbon Capture and Storage demand; • With Greenko Group to explore Green Hydrogen project opportunities in India; • With Equinor to accelerate Floating Offshore Wind development. See more information in the section Join forces and bridge expertise across industries.
Technip Energies Sustainability Report 2022 . 7574 . Materiality and UN SDGs
