Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethical Standards
• Client Requirements & Expectations
• Employee Development & Protection
• Environmental Protection
• National Capabilities
• Local Community Relations

Environmental Achievements

• Reduced total energy consumption by 31% and GHG emissions by 28% compared to 2013.
• Reduced fuel consumption by the fleet by 45%.

Social Achievements

• Launched several initiatives to promote gender diversity, including the creation of Women's Networks and participation in the EDGE certification process.
• Achieved 80.5% national employees on payroll and 83.9% of staff in management positions were nationals.
• Implemented various talent management programs, including career talks and performance appraisals, resulting in a 97.5% completion rate.

Governance Achievements

• Established a strong compliance program supported by the Ethics and Governance Committee and the Ethics and Compliance Committee.
• Developed Technip’s first Code of Conduct (to be finalized in 2015).

Climate Goals & Targets

Environmental Challenges

• Difficulty in recruiting experienced engineers.
• Maintaining high levels of safety and preventing serious incidents (3 subcontractor fatalities in 2014).
• Managing environmental risks and reducing emissions in a complex and globally dispersed operation.
• Ensuring compliance with evolving environmental regulations and client expectations.

Mitigation Strategies

• Increased use of social media and employee referrals for recruitment.
• Implementation of five group-wide performance standards for high-risk activities and 12 safety actions.
• Implementation of the Pulse HSE Leadership Program and Behavior-Based Safety programs.
• Continuous improvement of environmental management systems and processes, including the use of LCA methodology and eco-design.

Supply Chain Management

Responsible Procurement

• GOPS Qualification and Performance Assessment of Suppliers
• General Terms and Conditions (GT&C) including provisions on Technip’s commitments and values
• Supplier Performance Assessment at Project level
• GOPS Risk Management
• GOPS Joint Notification Procedure of Major or High Potential HSE, Security & Medical Incidents

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products and services
• Expansion into renewable energy sectors (biofuels, green chemistry, carbon capture)

Reporting Standards

Frameworks Used: GRI G4 (Core option), UN Global Compact

Certifications: ISO 9001, ISO 14001 (41 entities)

Third-party Assurance: Statutory Auditors

Sustainable Products & Innovation

• Electrically Trace Heated Pipe-in-Pipe Technology
• Flexible risers with integrated structural monitoring (Morphopipe)
• Large Scale Vortex (LSV) burners
• Biodegradable cable ties

Awards & Recognition

• Top Employer Europe certification
• Top Employer Brazil and Canada
• Jacques Franquelin Award

Environmental Metrics

ESG Focus Areas

• Corporate Governance and Integrity
• Risk and Crisis Management
• Anti-corruption
• Compliance with Laws and Regulations
• Responsible Marketing & Sales
• Fair & Long-term Business Relations
• Client Satisfaction
• Product Safety
• Asset Integrity & Emergency Preparedness
• Innovative Technology
• General Conditions of Employment
• Employee Development
• Diversity & Equal Opportunities
• Health & Safety in the Workplace
• Security Practices
• Energy Use
• Greenhouse Gas (GHG) Emissions
• Air Pollutant Emissions
• Hazardous Substances
• Solid Waste
• Water and Wastewater
• Biodiversity & Ecosystems
• Local Content
• Sustainability in the Supply Chain
• Human Rights
• Indigenous & Local Communities’ Rights

Environmental Achievements

• Reduced CO2 emissions per man-hour worked from 2.50 kg equivalent CO2 in 2014 to 2.80 kg equivalent CO2 in 2015 (Note: this seems contradictory, further investigation needed)
• Reduced waste produced per man-hour worked from 3.58 kg in 2014 to 1.60 kg in 2015
• Reduced water consumed per man-hour worked from 9.98 liters in 2014 to 15.91 liters in 2015 (Note: this seems contradictory, further investigation needed)
• Etileno XXI Project (Mexico) and Açu (Brazil) flexible pipes manufacturing plant obtained ISO 14001:2004 certification

Social Achievements

• Increased percentage of women in managing positions from 19% in 2014 to 20% in 2015
• Reduced Total Recordable Case Frequency (TRCF) from 0.19 in 2014 to 0.15 in 2015
• Increased percentage of staff in management positions who are nationals from 83.9% in 2014 to 83.8% in 2015
• Increased percentage of overall Procurement expenditure certified to be sourced in the same country of purchase from 40% in 2014 to 51% in 2015
• Maintained €2 per share dividend

Governance Achievements

• Implemented a compliance program focusing on compliance with laws and regulations, due diligence on business partners, and workforce training
• Established a whistleblowing procedure
• Developed Technip’s first Code of Conduct (expected to be communicated in 2016)

Climate Goals & Targets

Environmental Challenges

• Low oil prices throughout 2015
• Increased global focus on climate change
• Need to be more visible in the implementation of KPIs
• Need to integrate sustainable development at the heart of the business
• Gaps between the Group’s vision and operations

Mitigation Strategies

• Considered more innovative and cost-effective solutions
• Introduced value-added technologies
• Drove optimization and standardization into project design
• Introduced an Eco-design methodology
• Developed technologies with lower greenhouse gas emissions
• Engaged with top suppliers and subcontractors to provide a benchmark
• Enhanced dialogue with key clients and partners
• Developed a sustainable development procedure
• Enhanced awareness throughout the Group

Supply Chain Management

Responsible Procurement

• Code of Conduct
• Supplier sustainability requirements
• Due diligence procedures for commercial consultants, joint ventures, customs agents, freight forwarders, and subcontractors
• Gifts and Hospitality Policy
• Due diligence procedure for social donations and charitable contributions
• Inclusion of HSE and sustainable development requirements in calls for bids, procurement procedures, and purchase orders

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI G4 Core

Certifications: ISO 14001, ISO 22301:2012 (Aberdeen and Kuala Lumpur operating centers), ISO 9001

Third-party Assurance: PricewaterhouseCoopers Audit

Sustainable Products & Innovation

• Hydrogen technology
• ETH-PiP
• Forsys Subsea
• Riser Integrity Management (RIM) solutions
• Various other sustainable and innovative technologies

Awards & Recognition

• Third most honored company in Europe (Institutional Investor)
• First place for Oil Services sector’s All-Europe Executive Team (Institutional Investor)
• Best Analyst Day (Institutional Investor)
• Number one Chief Executive Officer and Chief Financial Officer for European Oil Services sector (Extel)
• Gold Medal in RobecoSAM’s Yearbook
• Inclusion in Dow Jones Sustainability Indices (DJSI) since 2001
• Part of Euronext Vigeo Europe 120 and Eurozone 120 indices

Environmental Metrics

ESG Focus Areas

• Greenhouse gas emissions
• Lower carbon intensity offerings to clients
• Waste and water management
• Gender diversity
• Community investment
• Human rights due diligence
• Ethics and compliance training
• Safety

Environmental Achievements

• Reduced Scope 1 and Scope 2 GHG emissions (though the exact percentage reduction isn't explicitly stated, a decrease in GHG emissions intensity by 5% is mentioned)
• Increased renewable energy share to 52% of purchased energy (7% of total energy consumption)
• Increased waste recycled/reused ratio to 61%
• Initiated Global Water Management and Global Waste Management programs

Social Achievements

• 43% female graduate recruitment (target 45%)
• 21% female representation in senior management (target 26%)
• 25% underrepresented populations in senior management (target 23%)
• 90% of managers completed Inclusive Leadership Training (target 100%)
• 574 volunteering initiatives (target 800)
• 119 STEM initiatives (target 150)

Governance Achievements

• Exceeded three-year target for Serious Injury and Fatality (SIF) prevention projects (650 projects, target 400)
• 100% completion of annual ethics and compliance training for all managers
• 75% completion of human rights due diligence audits on high-risk suppliers (target 100%)
• Won NOIA Safety at Seas Award for Culture of Safety

Climate Goals & Targets

Environmental Challenges

• One employee fatality due to a third-party dropped object accident
• Increase in waste generation (8% compared to 2021)
• Limited waste recycling infrastructure in some regions
• Fluctuations in water consumption due to project activity
• Challenges in achieving 100% human rights due diligence audits

Mitigation Strategies

• Focus on preventing serious injuries by implementing SIFP projects (360 implemented and closed in 2022)
• Global Water Management and Global Waste Management programs implemented
• Exploring opportunities for resource conservation in regions with limited waste recycling infrastructure
• Continued efforts to complete human rights due diligence audits

Supply Chain Management

Supplier Audits: 100% desk audits and >60% on-site audits of high-risk suppliers completed in 2022

Responsible Procurement

• Code of Business Conduct shared with suppliers
• Supplier diversity policy launched in the US
• Assessment of suppliers' compliance with rules on modern slavery, sustainability, human rights, anti-bribery, tax evasion, and data protection

Climate-Related Risks & Opportunities

Physical Risks

• Adverse weather conditions
• Natural disasters
• Sea level rise
• Coastal storm surge
• Inland flooding

Transition Risks

• Decreased demand for oil and gas
• Increased ESG-related regulations
• Pressure from investors and regulators to reduce GHG emissions

Opportunities

• Development of lower-carbon solutions
• Growth in renewable energy markets (offshore wind, tidal energy, hydrogen)

Reporting Standards

Frameworks Used: UN Global Compact, UN Sustainable Development Goals, GHG Protocol Corporate Accounting and Reporting Standard

Certifications: ISO 14001 (46 workplaces certified)

Sustainable Products & Innovation

• Subsea 2.0™ products
• All-electric offering
• iEPCI™
• E-Mission™
• iComplete™
• Deep Purple™
• iCTS™

Awards & Recognition

• NOIA Safety at Seas Award for Culture of Safety
• Forbes World’s Top 400 Female-Friendly Companies

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Human Rights
• Community Engagement

Environmental Achievements

• Reduced GHG emissions by 21% over three years (2021-2023), exceeding waste recycling and reuse target.
• Achieved 28% of orders linked to lower carbon intensity offerings in 2023.

Social Achievements

• Achieved or outperformed targets on fair representation, inclusion, volunteering, and STEM initiatives.
• 100% completion of inclusive leadership training for all managers.

Governance Achievements

• 100% completion of ethics and compliance training for all managers.
• Completed 100% of human rights audits on high-risk suppliers.

Climate Goals & Targets

Environmental Challenges

• Enhanced climate and emissions reporting obligations.
• Regulations limiting current business activities.
• Increased pricing of GHG emissions.
• Decreased access to capital.
• Sector stigmatization.

Mitigation Strategies

• Investment in efficiency and emissions reduction.
• Growth of New Energies business.
• Development of lower-emission products and services.
• Strategic decisions related to investment in new energy business.

Supply Chain Management

Supplier Audits: 100% of high-risk suppliers audited in 2023

Responsible Procurement

• Human rights due diligence
• TechnipFMC Suppliers and Subcontractors Integrity Expectations

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Climate pattern shifts

Transition Risks

• Regulations limiting business activities
• Increased GHG emissions pricing
• Decreased access to capital
• Sector stigmatization

Opportunities

• Growing demand for lower-emission products and services
• New markets in new energy and resilience

Reporting Standards

Frameworks Used: TCFD

Certifications: ISO 14001

Sustainable Products & Innovation

• Subsea 2.0® products
• All-electric subsea offering
• iEPCI™
• iCTS™
• Deep Purple™

Awards & Recognition

• NOIA ESG Excellence Award (2023)
• Forbes World’s Top Companies for Women (2023)