Saipem

Saipem, an IT-based company operating in the Gas/Diesel Oil industry, has reported significant emissions and outlined ambitious climate commitments. For the reporting year 2024, Saipem recorded total Scope 1 emissions of approximately 1.1 billion kg CO2e and Scope 2 emissions (market-based) of about 18.7 million kg CO2e, and Scope 2 emissions (location-based) of approximately 20.5 million kg CO2e. Scope 3 emissions for the same period were substantial, totalling approximately 9.4 billion kg CO2e. Key contributors to Scope 3 emissions include purchased goods and services at approximately 8.1 billion kg CO2e, and upstream leased assets at approximately 767.6 million kg CO2e.

Looking at historical data, Saipem's total emissions for 2023 were approximately 5.4 billion kg CO2e, with Scope 1 at roughly 1 billion kg CO2e and Scope 2 (market-based) at approximately 14.2 million kg CO2e. For 2022, total Scope 3 emissions were approximately 3.1 billion kg CO2e, Scope 1 emissions stood at around 1.2 billion kg CO2e, and Scope 2 (market-based) emissions were approximately 24.1 million kg CO2e. In 2021, total emissions were approximately 2.7 billion kg CO2e, comprising Scope 1 of about 1 billion kg CO2e and Scope 2 (market-based) of approximately 21.6 million kg CO2e.

Saipem has set a clear target to achieve carbon neutrality for Scope 2 emissions by 2025. Furthermore, the company is committed to reducing Scope 1 and 2 emissions by 50% by 2035, using 2018 as a baseline year. A long-term ambition is to achieve Net Zero emissions across Scope 1, 2, and 3 by 2050. To support these goals, Saipem plans to reduce its reliance on the fossil fuels business by expanding into less climate-impacting sectors, investing in renewable technologies, and developing more sustainable uses for fossil fuels, alongside diversifying its operations. The company also aims for further reductions across all scopes beyond 2050.