Saipem SpA 2018 AR2
The report highlights Saipem's performance and strategic transition during the 2018 fiscal year. The company completed its organizational restructuring into five autonomous divisions to enhance flexibility and focus on the energy transition. Financially, Saipem achieved revenues of €8,526 million and reduced its net debt to €1,159 million, despite challenging market conditions. In terms of sustainability, the company joined the United Nations Global Compact, achieved ISO 37001 anti-corruption certification, and implemented TCFD recommendations. Safety performance improved with a 7% decrease in the Lost Time Injury Frequency Rate to 0.13, although four subcontractor fatalities were regretfully recorded.
Company: Saipem SpA
Sector: Mining & quarrying
Country: Italy
Year: 2018
Type: AR2
Pages: 222
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Saipem SpA
Annual Report
The report highlights Saipem's performance and strategic transition during the 2018 fiscal year. The company completed its organizational restructuring into five autonomous divisions to enhance flexibility and focus on the energy transition. Financially, Saipem achieved revenues of €8,526 million and reduced its net debt to €1,159 million, despite challenging market conditions. In terms of sustainability, the company joined the United Nations Global Compact, achieved ISO 37001 anti-corruption certification, and implemented TCFD recommendations. Safety performance improved with a 7% decrease in the Lost Time Injury Frequency Rate to 0.13, although four subcontractor fatalities were regretfully recorded.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Published
Mar 29, 2019
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:
Scope 2:
Scope 3:
Energy Consumption
Total Waste
Women on Board
Workplace Fatalities
Employees