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STAKEHOLDERS ENGAGEMENT

Sustainable growth over time is closely linked to the responsiveness of the Group to changes both in our market and in society. To identify, engage and enhance the relations with stakeholders that can reasonably be expected to affect the ability of the Group to successfully implement its strategies and achieve its objectives, are pivotal to set Group’s priorities. A steady interaction with stakeholders allows the Group to identify the most relevant sustainability issues and to assess how to best incorporate them into business and management operations. Constant dialogue, including a formal system to report any compliance through a grievance mechanism, promotes trust, creates mutual value and supports the sustainable growth of the business in line with stakeholder expectations.
For these reasons, Maire Tecnimont has identified and mapped its stakeholders, with the aim of defining the importance and the impact of their expectations on Group operations. The main methods of stakeholder engagement are identified in the table.

Employees

Employees

  • Corporate newsletters, Group Magazine Evolve
  • Ongoing communications, training programs and e-learnings through Group Intranet portal
  • Meetings/events with Top Management
  • Employees survey Your Voice
  • Engagement initiatives as "Digital Beyond" involving employees as "Digital Catalyst" to accelerate the digital transition
  • Launch of "Met Academy" platform covering 100% of employees
  • Involvment in H&S initiatives such as H&S events and "Safethink" communication campaign
  • Meeting and seminars on sustainability dedicated to key function top and middle managers of the Group main sister companies
Stakeholders

Shareholders & Investors

  • Dialogue through the investor Relations function
  • Regular meetings, webcasts and conference calls
  • Ongoing website updates and press releases
  • Regular financial updates
  • Interaction with more than 180 institutional investors through 45 dedicated events in Europe and Asia (roadshows, company meetings, conference calls)
  • "Green Chemistry Day" - dedicated event hidden at the Upcycling Plant in Bedizzole (Italy) to present Group sustainability strategy and the future of green technology
  • 3 financial stakeholders involved in Materiality Analysis
  • Direct interaction with major ESG rating agencies
  • Participation to Carbon Disclosure Project (CDP)

Technological Partners

  • Regular meetings
  • Involvement in corporate events (e.g. NextChem event, Seenergy event...)
  • Cooperation with strategic technological partners on specific projects focused on environmental issues (circular economy, waste to fuel, etc.)

Business Partners

  • Commercial events and exhibitions
  • Involvement in corporate events (e.g. NextChem event, Seenergy event...)
  • Cooperation with strategic business partners on specific projects focused on ESG issues
  • Meeting related to In-Country Value

Clients

  • Commercial events and exhibitions
  • Occasional knowledge exchange meetings (i.e. Stamicarbon Symposium)
  • Team building meetings and activities
  • 10+ clients involved in Materiality Analysis
  • Direct Involvement of Clients on In-Country Value issues
  • Cooperation with Clients on specific sustainability initiatives related to local community development (i.e. requalification of lands, places of worship or of leisure, etc.)
  • Direct Involvement of Clients in HSE initiatives (Safethink, Safery Day, etc.)

Local Authorities & Governments

  • Institutional meetings
  • Responses to consultations, position papers, one-to-one meetings
  • Cooperation with Local Authorities and Governments for prevention campaigns related to Health and Safety for local communities
  • More than 60 meetings organized to implement joint local development programmes particularly referred to the education and training of the local technicians and engineers
Professionals

Contractors & Sub-Contractors

  • Organization of joint projects
  • Meetings about and involvement in specific projects
  • Occasional knowledge exchange meetings (i.e. Stamicarbon Symposium)
  • Direct Involvement of contractors and sub-contractors in HSE initiatives (Safethink, Safety Day, etc.)
  • Co-designed charity initiatives
companies

Local Communities

  • CSR activities and philantropy initiatives
  • Meetings with civil society representatives
  • Know-how sharing
  • Volunteering activities and charity initiatives (i.e. Italy, Russia, Oman, etc.)
  • In-Country Value related initiatives
  • Cooperation with major universities (Italy, Azerbaijan, India, etc.)
suppliers

Suppliers

  • Procurement Day with most relevant suppliers (i.e. Seenergy event)
  • Direct involvement in specific projects
  • Occasional knowledge exchange meetings (i.e. Stamicarbon Symposium)
  • 15+ suppliers involved in Materiality Analysis
  • Meeting with critical goods and services suppliers focusing on ESG issues
  • Starting Audit program on Social Responsability
countries

Local Organizations and Ngo

  • Institutional meetings
  • Participation in the UN Global Compact and Global Compact Italian network activities
  • Co-planning with NGOs in CSR projects (i.e. Women's Empowerment in India)
  • Co-planning on philantropic activities
goods and servicies

Professional / Category associations

  • Meetings, workshops, and participation in technical committees
  • Participation in industry associations, institutional working groups and public events
  • Active membership of about 70 business organizations, chamber of commerce trade and industry associations and technical federations at the international and local level.

MATERIALITY ANALYSIS

In order to identify the Group’s action priorities, issues where further disclosure is required and activities involving stakeholders to be improved, Maire Tecnimont has carried out a materiality analysis since 2017, based on the guidelines of the most commonly-used international standards, such as the Global Reporting Initiative (GRI) and the Communication on Progress (COP) principles of the UN Global Compact. The objective of the analysis is to identify the key topics for Maire Tecnimont and its stakeholders, which can act as management levers to create long term value to support the Group’s strategy.

The result of the materiality analysis is summarised in the materiality matrix:

Material topic Scope inside the Organization Scope outside the Organization
Economic Development Group Shareholders, Investors
R&D and Innovation Group Shareholders, Investors
Ethics and Compliance Group Local Authorities, Government
Human Capital Development Group Sub-contractors
Health and Safety of Employees and Contractors Group Sub-contractors
Anti-corruption Group Customers, Suppliers, Sub-contractors, Local Authorities, Government
Human rights Group Suppliers, Sub-contractors
Employment Group Sub-contractors
Local Communities Group Local Communities
Industrial Relations Group Sub-contractors
Greenhouse Gas Emissions Group Suppliers, Customers, Local Communities
Water Management Group Suppliers, Customers, Local Communities
Waste Management Group Suppliers, Customers, Local Communities
Grievance Mechanisms Group Suppliers, Customers, Local Communities, Suppliers
Local Economic Development Group Local Communities, Suppliers, Sub-contractors
Responsible Supply Chain Group Suppliers
Customer relations Group Customers
Diversity Group -
Energy efficiency Group Suppliers, Customers
Last update: 24/11/2020 01:16