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the Clients to assess the overall environmental into the atmosphere over the 2019-2024 timeframe.
impact and its relevant costs.

b) By exploiting technologies such as Carbon Capture
Utilization and Sequestration, as well as both blue Medium- and long-term strategy
(in the short-medium term) and green (in
perspective) Hydrogen to support customers in During 2020, Saipem broadened the horizons of its
reducing their carbon intensity, as well as all the reduction strategy, aiming at the medium (2025) and
industry. long (2035) term.

c) Diversifying its order portfolio towards business In relation to the provisions of the Paris Agreement, in
segments such as renewable energy, including February 2021 Saipem communicated to the markets
floating, and infrastructures for sustainable mobility. the first objectives set in the medium and long term:

As far as concern the second pillar, Saipem has in • Reduction of 50% of the total GHGs emissions
place both a short term and a long-term strategy. Scope 1 and di Scope 2 within il 2035 (versus the
baseline 2018).

In relation to Scope 2, the target foresees the
Short-term strategy achievement of Net Zero by 2025.

Saipem started performing Energy Assessments and
other proactive initiatives to reduce its GHG emissions Group environmental 2021 MBOs are related to build
over the last decade. However, a significant step was the present Net Zero program and roadmap.
achieved in 2018, when specific climate related MBOs
(Management by Objectives) were defined for Top The targets shall be considered as a first statement
Management and a Four-Year Strategic GHG Reduction and they are supported by an implementation plan.
Plan was issued. The plan aims to identify specific The implementation plan will be reassessed periodically,
areas of improvement and targets to reduce, in a short- due to new external regulatory and market pressures,
term scenario Saipem’s overall GHG emissions, which stakeholders’ expectations, including Clients requests,
also represent a portion of the indirect (Scope 3
upstream) emissions of clients.
The GHG strategic Plan is renewed annually, extending
every year the time horizon, and providing the results
achieved. The results are further verified by a Third
Party and disclosed externally through the Saipem
Sustainability Report.
Saipem follows a hierarchical approach to improve its
way to use energy, establishing the following priorities
for action:
1. Energy consumption and flows monitoring, with
the purpose of identification of areas where to
carry out interventions and improvement
2. Energy Saving, with the promotion of virtuous
behaviors, policies, as well as management
options to reduce not necessary consumption
and energy waste
3. Energy Efficiency, identifying areas for
improvement in the use of energy
4. Renewable Energy used mainly for self-production
in our asset as well.

In 2020 alone, the measures implemented resulted in a
saving of 26,700 tonnes of CO2 equivalent, measured
against Saipem’s 2018 emissions baseline. It is
estimated that, thanks to the GHG Strategic Plan,
Saipem will not emit 255,000 tonnes of CO2 equivalent

IndustrIal Plants - September 2021
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