MAIRE TECNIMONT'S 2020 SUSTAINABILITY REPORT OUTLINES THE COMPANY'S NEW SUSTAINABILITY STRATEGY MOVING TOWARDS NET-ZERO CARBON EMISSIONS
The Sustainability Report 2020 - Creating Value is Maire Tecnimont's fourth, confirming the Group's strong commitment to the creation of shared value for all stakeholders in the long term. Creating Value charts the company’s course towards achieving carbon neutrality by 2030 for direct (Scope 1) and indirect (Scope 2) emissions, and before 2050 for other indirect emissions (Scope 3).
This path started 10 years ago when Maire Tecnimont joined the UN Global Compact, and today is further strengthened by including ESG (environmental, social and governance) targets among the Sustainable Development Goals of the company’s 2021-2025 Business Plan.
Maire Tecnimont has launched a Sustainability Strategy inspired by the United Nations Sustainable Development Goals. This strategy illustrates Maire Tecnimont Group's evolution as an enabler of the energy transition worldwide, within a mission that places the well-being of people and the communities where the Group operates at the center, with a vocation for technological innovation that is a key element of humanity's economic and social evolution.
Here are a few highlights from the 2020 Sustainability Report - Creating Value:
- Over 20 industrial projects underway around the world that use technologies for the energy transition and subsidiary NextChem’s portfolio of green technologies, which is growing thanks to several partnership agreements; more than 10 projects for Green Circular Districts being examined in Italy; more than 10 international technological research projects for energy transition in which we participate, some with a coordinating role.
- Broadened reporting to include indirect Scope 3 emissions for those categories that are most relevant to the Group’s business. The objective for the coming years will be to define a plan for the progressive reduction of emissions, with offsetting of those that cannot be reduced.
- Became the first Italian group and first energy-sector EPC contractor to achieved SA8000 certification across several geographic regions;
- Subscribed to the Women's Empowerment Principles (WEPs) promoted by the Global Compact; launched an ESG qualification program for all new suppliers that includes social and environmental and governance criteria;
- Provided over 1.27 million hours of training to Group employees and subcontractors with an average of approximately 27 hours of training per employee, with a particular focus this year on cybersecurity;
- Strengthened the In-Country Value plan, with 53% of purchases during the year related to major ongoing projects made locally; approximately 88% of new hires, in the new geographies, came from the local labor market;
- Excellent Health, Safety & Environment performance with an LTIR of zero;
- Over 1,700 total patents and 81 innovation projects underway; adopted an Open Innovation model involving universities, start-ups and local partners;
- Improved rating with an 'A' score in the MSCI index and 'A-" in the CDP Supplier Engagement Leader.
Creating Value - 2020 Sustainability Executive Summary
Creating Value - Sustainability Report 2020
Sustainability Reports - Previous Years
METHODOLOGY AND REPORTING CRITERIA
The 2020 Sustainability Report was drawn up in compliance with the Global Reporting Initiative’s (GRI) GRI Sustainability Reporting Standards: “Core option”. In addition, Maire Tecnimont has aligned with the new reporting requirements for the "Consolidated Non-Financial Statement" in accordance with Italy’s Legislative Decree No. 254 of December 30, 2016, which complies with the Directive of the European Parliament and of the Council 2014/95/EU. The Sustainability Report presents the Group's main results from the perspective of the economic, social and environmental issues identified in the materiality analysis conducted and described in detail in section 1.7 "The Materiality Analysis" of the Report.