Vallourec SA 2020 IR
The report highlights Vallourec's performance and strategic initiatives during the 2020 fiscal year, which was significantly impacted by the COVID-19 pandemic and the downturn in the oil and gas markets. To address these challenges, the company launched major cost-reduction measures, achieving ’165 million in gross savings and reducing its global workforce by 11.6%. Vallourec also announced a major financial restructuring agreement in principle to reduce its debt by ’1,800 million. On the sustainability front, the company became the first in the oil and gas sector to have its carbon reduction targets validated by the Science Based Targets initiative (SBTi).
Company: Vallourec SA
Sector: Energy
Country: France
Year: 2020
Type: IR
Pages: 380
Vallourec SA
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The report highlights Vallourec's performance and strategic initiatives during the 2020 fiscal year, which was significantly impacted by the COVID-19 pandemic and the downturn in the oil and gas markets. To address these challenges, the company launched major cost-reduction measures, achieving ’165 million in gross savings and reducing its global workforce by 11.6%. Vallourec also announced a major financial restructuring agreement in principle to reduce its debt by ’1,800 million. On the sustainability front, the company became the first in the oil and gas sector to have its carbon reduction targets validated by the Science Based Targets initiative (SBTi).
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Integrated Report
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
Renewable Energy
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Employees