Saipem SpA 2017 AR2
The report highlights Saipem's performance in 2017, a year marked by a major organizational restructuring into five divisions and a continued focus on debt reduction, bringing net debt down to ‐1,296 million. Despite a challenging market, the company secured ‐7,399 million in new contracts, particularly in the Offshore and Onshore Engineering & Construction sectors. Saipem achieved a significant reduction in its Lost Time Injury Frequency Rate (LTIFR) to 0.14, although it regrettably recorded three workplace fatalities. The company also advanced its technological innovation, filing 30 new patent applications and launching the 'Innovation Factory' to foster digital transformation.
Company: Saipem SpA
Sector: Mining & quarrying
Country: Italy
Year: 2017
Type: AR2
Pages: 204
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Saipem SpA
Annual Report
The report highlights Saipem's performance in 2017, a year marked by a major organizational restructuring into five divisions and a continued focus on debt reduction, bringing net debt down to ‐1,296 million. Despite a challenging market, the company secured ‐7,399 million in new contracts, particularly in the Offshore and Onshore Engineering & Construction sectors. Saipem achieved a significant reduction in its Lost Time Injury Frequency Rate (LTIFR) to 0.14, although it regrettably recorded three workplace fatalities. The company also advanced its technological innovation, filing 30 new patent applications and launching the 'Innovation Factory' to foster digital transformation.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Published
May 3, 2018
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Workplace Fatalities
Employees