The value generated in the areas where we operate
Our extensive worldwide presence enables us to contribute to social development, the economy and employment in many different countries, even in geographic areas that are still vulnerable and characterized by social imbalances, pockets of great poverty, low average levels of education and high unemployment.
In our journey towards 2025, we are strongly focused on this facet of our business. The value we create in the countries where we operate is vital to achieving our sustainability goals. Sustainability for Maire Tecnimont Group touches two area -- our relationship with suppliers and our supply chain, and our direct contribution to local communities. In these two areas we work in particular to:
- Increase the share of products and services we purchase locally, while also seeking to strengthen the ability of Italian companies to be strong players in foreign markets.
- Implement the exchange of knowledge with local value chains (suppliers and subcontractors) on health and safety issues in construction and on issues related to the welfare of people working on construction sites. Our goal is to increase audits on the respect of human rights along our supply chain, extending Social Impact Assessments geographically.
- Strengthening technology transfer programs with local universities and social initiatives benefiting local communities, through a specific corporate giving plan.
Analysis of the local contribution of major ongoing projects
The assessment of the local content in terms of expenditure helps Maire Tecnimont to quantify the positive impact of its activities on local economies and societies.
For this reason, the Group has developed an internal model to quantify its local footprint in terms of economic development, employment and human capital growth. Specifically, the Group has identified 27 most important EPC projects around the world where total purchases of goods and services, combined with the economic enhancement of labor and training, amounted to approximately 3.2 billion euros, corresponding to 53% of project costs as of December 2020.
A sustainable supply chain
Maire Tecnimont Group is aware of the crucial role of the supply chain in its business, and is constantly committed to strengthening relationships with strategic suppliers, with whom it strives to establish a shared organizational process that incorporates the principles of social responsibility throughout the entire production chain.
Maire Tecnimont suppliers are required to follow the founding principles of its Code of Ethics. They are also expected to respect human rights in accordance with the Group's Sustainability Policy, including the commitment to adopt best practices in terms of human rights and working conditions, health and safety at work, and environmental responsibility. Code of Ethics, Human Rights Policy, Sustainable Supply Chain Policy Model pursuant to Legislative Decree 231/01.
In order to select the best suppliers, Maire Tecnimont Group uses its own qualification process in compliance with local and EU procurement regulations, and in line with the Group's management model.
The qualification process consists of supplier assessment focused on the following areas:
- Industrial information
- Financial data
- Quality Management
- Health, Safety and Environment
- Human Rights
- Compliance (code of ethics, anti-corruption, anti-terrorism)
The supplier can qualify for specific product categories and receive orders only after having successfully passed the assessment. The Group's supply chain therefore reflects Maire Tecnimont’s commitment to sustainability as a criterion for supplier selection and contract awarding.
To date, 100% of new suppliers were selected on the basis of sustainability criteria. In particular, 476 new qualifications were approved in 2020.
The Group confirms its long-term commitments to suppliers with concrete actions and continuous improvement. We introduced scouting campaigns in 2020 on targeted geographies, activating more robust methods in anti-terrorism controls, and we launched a new program in 2021 for evaluating start-up performance.
Supplier management tools
Industry's Vendor Management platform provides access to over 52,000 suppliers and leverages best practices recognized by the market.
The qualification process, compulsory for the company’s purchase of materials and services for projects, requires the potential supplier to register on the platform and fill in technical questionnaires online, describing its policies and metrics on environmental, social and health and safety aspects. In particular, depending on the product/service offered, Industry questionnaires are designed to assess the main parameters related to sustainability:
- Integrity: fair trade, conflict of interest, corruption and bribery
- Human and labor rights: child labor, health and safety, non-discrimination
- Environment: use of raw materials, energy consumption and CO2 emissions, water consumption
Starting in 2021, the questionnaire has been supplemented with additional questions in order to have a more accurate assessment of the potential supplier, and a Sustainability Scorecard is being developed. These metrics are aimed at assessing the Environmental, Social and Governance (ESG) Sustainability in the Supply Chain of plant engineering companies, thus building a cooperative relationship between suppliers and general contractors with according to a new model of stakeholder involvement.