Table 2 - ESG-related opportunities Topic Opportunity Type Opportunity Impact Driver Opportunity Description
Where in the value chain does the opportunity driver occur?
Climate Products and services
Development and/ or expansion of low emission goods and services & Shift in consumer preferences
Technip Energies has placed the challenges of energy transition at the heart of its strategy, orienting its new organization and businesses towards sustainable and low carbon solutions. Increased demand for sustainable and low carbon solutions are expected from “historical” clients engaging in their energy transition journey and also from new clients. Energy transition opportunities, excluding LNG, which are accelerating with a near doubling of the commercial pipeline since the start of 2022. See more in our 2022 Annual Report, section 2.3.1.
Direct operations, Downstream
Climate Products and services
Development of new products or services through R&D and innovation
Technip Energies' investments in R&D related to low carbon solutions is key to ensure that reliable solutions to the energy transition are provided to its clients. Through its investments to improve the resilience of materials used and of products designed, Technip Energies also intends to continue to provide resilient technologies, products and services to climate change.
Direct operations
Climate Products and services Ability to diversify business activities
Through its new organization towards sustainable and low carbon solutions, Technip Energy identifies the opportunity to reach a wider range of clients, and therefore to depend less on a minority of major clients.
Direct operations
Climate Markets Access to new markets
Global agenda to mitigate impacts of climate change has taken center stage and Technip Energies has the opportunity to reach new markets related to the energy transition and the climate by two means: through its traditional markets (such as liquefied natural gas, downstream and offshore) which are themselves evolving towards lower carbon solutions, and through high growth new markets (such as hydrogen, sustainable chemistry and CO2 management).
Direct operations, Downstream
Climate Resilience
Participation in renewable energy programs and adoption of energy-efficiency measures
Technip Energies is expanding its technologies and process portfolio to carbon-free energy chains including “green hydrogen” produced from renewable energy. See the markets we have been focused and partnerships we have developed during 2022 in our 2022 Annual Report, section 1.5. Our Markets - from traditional to emerging.
Direct operations
Climate Resource efficiency Move to more efficient buildings
The Company’s ambition to play a decisive role in the energy transition can be illustrated with its actions on its own buildings and facilities. The move to more efficient buildings is an opportunity for Technip Energies to show design, construction and composition approach of buildings that fits with the Company's energy transition positioning and commitments in terms of carbon footprint reduction. The best example is the new headquarter inaugurated in 2021 in Paris-La Défense area that illustrates well the Company's intentions in terms of energy transition.
Direct operations
Climate Energy source Use of lower-emission sources of energy & Use of new technologies
With more than 80 buildings including offices and industrial sites, and many construction sites all around the world where our engineering, project management and construction activities are developed, the use of lower-emission sources of energy is an opportunity to demonstrate our strategy on energy transition, and, in a more concrete way, to reduce certain costs and risks related to energy supply. Our ESG Roadmap (see page 13) includes targets related to scope 1, 2, 3 and avoided emissions. See more details in section Decarbonize the future.
Direct operations
Environment Circular economy Provide a recycling technology for each of Technip Energies’ polymer technologies
As one of the world’s major providers of proprietary technologies and services in the field of plastics producing plants, ranging from polyesters, polyamides to polyolefins, we are now using our expertise to provide plastic recycling solutions. Our aim is to provide a recycling technology for each of Technip Energies’ polymer technologies. See more in our 2022 Annual Report, section 1.5.2. Sustainable Fuels, Chemicals and Circularity.
Direct operations, Upstream, Downstream
Environment Protection of the biodiversity
Join Act4nature International to reinforce its action towards conservation of nature and biodiversity
As part of joining Act4nature International, Technip Energies individually committed to notably: • Integrate biodiversity into its global strategy and activities • Not participate in any new projects inside International Union for
Conservation of Nature (IUCN) most sensitive areas • Report the exposure of Technip Energies sites to biodiversity risk,
and adapt its management practices.
Direct operations
Social People development
Make Technip Energies Employer Brand recognized and attractive
We are working in our employer branding strategy in order to attract talent, engage people and reduce employee turnover. See more in section Attract and grow talents.
Direct operations
Social People development
Empower, upskill and reskill our workforce to unleash potential and sustain employability
Our aim is to enable our people to build knowledge that matches business needs and enhance learning mindset. See more in section Attract and grow talents.
Direct operations
Social People development Advance an inclusive culture
Our ambitions to foster an inclusive and caring environment have been reflected in 2022 by our continuous efforts to keep Diversity and Inclusion (D&I) agenda a business priority like any other. To progress an inclusive culture, we are focus on several axes: bring tangible results on gender representation at all levels of the organization establishing a robust governance to drive results, increase leadership awareness on barriers of inclusion in the workplace and their visible accountability and listen actively to our employees’ voices. See more in section Advance an inclusive culture.
Direct operations
ESG Risks and Opportunities
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Technip Energies Sustainability Report 2022 . 8180 . ESG Risks and Opportunities