Climate Change Data

Environmental Metrics

ESG Focus Areas

• CSR
• Employee Satisfaction
• Energy Transition

Social Achievements

• CSR contribution in Q1 2023: 200 participants, 72K USD spent on education programs partnering with secondary and tertiary schools (Project Valerie, Terrie, Sarah, Social Internship, Teaching Factory).
• Employee Activities and Support (Q1 2023): 4867 participants, 155 activities focusing on sports, HR clinics, webinars, medical events, and training (1703 participants, 12,076 training hours).

Governance Achievements

• Achieved Level 3 Production Facility qualification by the Vallourec Group (improving industrial excellence).

Climate Goals & Targets

Environmental Challenges

• Impact of the end of the pandemic and global supply situation.
• Increased raw material and logistic costs since the beginning of 2022.
• Potential worldwide recession.
• Lower Q1 tendering activity due to some operators waiting for market conditions to soften.

Mitigation Strategies

• Diversification of customer portfolio with successes in the Middle East and Africa.
• Strict CAPEX discipline, focusing on safety, obsolescence, and new process automation.
• Cost savings generated from OEE, energy, and load balance.
• Communicated price adjustments and delivery times to customers and SKK.
• Pursuing efforts to support Energy Transition Opportunities in geothermal and CCUS.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Energy Transition Opportunities in geothermal and CCUS.