Saipem

Saipem's Carbon Emissions and Climate Commitments: An Overview

Saipem, headquartered in Italy and operating within the Gas/Diesel Oil industry, is actively engaged in reducing its environmental impact. The company has set ambitious targets, including achieving carbon neutrality for Scope 2 emissions by 2025 and a 50% reduction in Scope 1 and 2 emissions by 2035, using 2018 as a baseline. Beyond these specific goals, Saipem aims for Net Zero emissions across Scope 1, 2, and 3 by 2050. This strategy involves a gradual reduction of dependence on fossil fuels, investment in renewable technologies, and the development of more sustainable fossil fuel uses, alongside diversification of its business activities.

Emissions Data:

• 2025: Saipem reported approximately 1,029,400,000 kg CO2e for Scope 1 and 2 emissions.
• 2024: Scope 1 and 2 emissions were approximately 750,000,000 kg CO2e, with a reported Scope 1 and 2 emission factor of 0.04996033815288503. Revenue for this period was approximately $15,011,908,000 USD.
• 2023: Scope 1 and 2 emissions totalled approximately 850,000,000 kg CO2e.
• 2022: Scope 1 and 2 emissions were approximately 950,000,000 kg CO2e.
• 2021: Scope 1 and 2 emissions amounted to approximately 1,050,000,000 kg CO2e.
• 2020: Scope 1 and 2 emissions were approximately 1,150,000,000 kg CO2e.
• 2019: Scope 1 and 2 emissions were approximately 1,260,000,000 kg CO2e.
• 2018: Saipem reported Scope 1 emissions of approximately 1,348,800,000 kg CO2e and Scope 2 emissions of approximately 35,700,000 kg CO2e (location-based). Scope 3 emissions for this year were approximately 58,100,000 kg CO2e. Total Scope 1 and 2 emissions were approximately 1,384,500,000 kg CO2e.
• 2017: Scope 1 emissions were approximately 1,299,700,000 kg CO2e, and Scope 2 emissions were approximately 37,500,000 kg CO2e (location-based). Total Scope 1 and 2 emissions were approximately 1,337,200,000 kg CO2e.
• 2016: Scope 1 emissions were approximately 1,177,200,000 kg CO2e.
• 2015: Scope 1 emissions were approximately 1,504,200,000 kg CO2e, and Scope 2 emissions were approximately 43,000,000 kg CO2e.
• 2014: Scope 1 emissions were approximately 1,420,100,000 kg CO2e, and Scope 2 emissions were approximately 49,100,000 kg CO2e.
• 2013: Scope 1 emissions were approximately 1,538,700,000 kg CO2e, and Scope 2 emissions were approximately 54,000,000 kg CO2e.
• 2012: Scope 1 emissions were approximately 1,542,600,000 kg CO2e, and Scope 2 emissions were approximately 69,700,000 kg CO2e.
• 2011: Scope 1 emissions were approximately 1,320,900,000 kg CO2e, and Scope 2 emissions were approximately 120,100,000 kg CO2e.

It is important to note that for many of the earlier reporting years, Scope 3 emissions data was not available. Saipem's disclosures indicate missing data points for Scope 3, particularly for "purchased goods and services," across several reporting periods.