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Global Reporting Initiative

The following pages provide information on Saipem’s use of the Global Reporting Initiative (GRIi) G3 Sustainability Guidelines. Saipem has declared a B+ application level for its 2010 Sustainability Report.
With regard to the location of specific information, the table refers to the relevant pages of the 2010 Saipem sustainability Report, and indicates also information that is reported on the 2010 Consolidated Financial Statements, the Code of Ethics and the Corporate governance report and shareholder structure, available on the www.saipem.com website.

GRI content index

CFS: Consolidated Financial Statements
CE: Code of Ethics
CG: Corporate governance report and shareholder structure
IC: Inside cover
IBC: Inside back cover
web.pngSaipem’s website

Organisation, Governance and economic performance

GRI content index SR 2010 reference Cross-reference Note
1. Strategy and analysis      
1.1 Statement from CEO p. 2    
1.2 Key impacts, risks, and opportunities p. 8-9, 12, 13, 14, 17    
2. Organisational Profile cover page    
2.1 Name of the organisation p. 14-17    
2.2 Primary brands, products, and/or services p. 20    
2.3 Operational structure p. 6-7, 121 CFS p. 7-8, 85-91  
2.4 Location of organisation’s headquarters p. 6-7    
2.5 Countries where the organisation operates p. 6, 121    
2.6 Nature of ownership and legal form p. 6-7, 82-86 CFS p. 6, 85  
2.7 Markets served p. 6-7, 83    
2.8 Scale of the reporting organisation   CFS p. 39, 123  
2.9 Significant changes during the reporting period   CFS p. 92-93 No significant changes occurred during the reporting period
2.10 Awards received in the reporting period p. 6, 59    
3. Report parameters      
3.1 Reporting period p. 113    
3.2 Date of most recent previous report p. 4-5    
3.3 Reporting cycle p. 4-5    
3.4 Contact point regarding the report and its contents IBC    
3.5 Process for defining report content p. 113    
3.6 Boundary of the report p. 113    
3.7 Limitations on the scope or boundary of the report p. 113    
3.8 Basis for reporting on joint ventures, subsidiaries and other entities p. 113    
3.9 Data measurement techniques and bases of calculations p. 113, 114-115    
3.10 Re-statements of information provided in earlier reports p. 6, 87    
3.11 Significant changes from previous reporting periods in the scope, boundary, or measurement methods applied in the report   No significant changes occurred during the reporting period
3.12 GRI Reference Table p. 116-117    
3.13 Independent Assurance p. 5, 119-120    
4. Governance, Commitments and Engagement      
4.1 Governance structure of the organisation   CG p. 13-20  
4.2 Indicate whether the Chairman is also an executive officer   CG p. 26  
4.3 Independent and/or non-executive members of the highest governance body  CG p. 26  
4.4 Mechanisms for shareholders to provide recommendations p. 87-88 CG p. 13  
4.5 Linkage between compensation and organisation’s performance p. 90 CFS p. 129
CG p. 18-19
4.6 Conflicts of interest   CE  
4.7 Qualifications of the members of the highest governance body   CG p. 15  
4.8 Mission, values, codes of conduct, and principles p. 78-79    
4.9 Procedures to identify and manage economic, environmental, and social performance p. 94-95 CFS p. 56-58  
4.10 Processes for evaluating the Board’s performance p. 80 CFS p. 56-58  
4.11 Methods for addressing the precautionary principle p. 14, 106    
4.12 Adoption of external economic, social and environmental codes and principles p. 78    
4.13 Memberships in industry associations p. 6-7    
4.14 List of stakeholders engaged by the organisation p. 10    
4.15 Basis for identification of stakeholders with whom to engage p. 10, 113     
4.16 Approaches to stakeholder engagement p. 5, 10, 90-91, 118    
4.17 Key topics and concerns raised through stakeholder engagement and actions taken p. 21, 24, 27, 29, 41, 48, 52-54, 57,63-64, 66-67, 88, 90-91    
DMA EC Disclosure on management approach IC p.6- 7, 12-13, 83-84    
EC1 Direct economic value generated and distributed p. 6- 7    
EC6 Policy, practices, and proportion of spending on locally-based suppliers p.21, 25, 32,33-34, 36, 38, 40, 41, 44-45, 48-49, 55-56, 61, 88    
EC7 Local hiring p. 26-28, 37-38, 45, 50, 55, 61, 58, 65, 69    
EC8 Development of infrastructure investments and services primarily for ‘public benefit’ p. 20-22, 25, 28, 29, 30-31, 37, 46, 48, 53, 58, 59-60    
EC9 Understanding and describing significant indirect economic  p. 30-31, 66-67    

Environmental and social performance

GRI content index SR 2010 reference Cross-reference Note
DMA EN Disclosure on management approach p. 104-106, 107-109  Corporate Sustainability Policy
EN3 Direct energy consumption by primary energy source p. 7, 105   Direct energy consumption includes also consumptions related to activities performed by contractors within Saipem operating sites 
EN4 Indirect energy consumption by primary source p. 105    
EN6 Energy-efficient or renewable energy-based products and services p. 104, 112  Only major initiatives are reported
EN7 Initiatives to reduce indirect energy consumption p. 106-107   
EN8 Water withdrawal by source p. 109    
EN12 Description of significant impacts on biodiversity p. 110    
EN14 Strategies, current actions, and future plans for managing impacts on biodiversity p. 36, 60-61, 110   
EN16 Direct greenhouse gas emissions p. 7, 107   Direct greenhouse gas emissions include also emissions deriving from activities performed by contractors within Saipem operating sites 
EN18 Initiatives to reduce greenhouse gas emissions p. 104   Only major initiatives are reported
EN20 NOx, SOx, and other significant air emissions p. 107    
EN22 Waste disposal p. 7, 109    The 2008-2010 trend by disposal method is available on Saipem KPI’s Sustainability web tool
EN23 Total number and volume of significant spills p. 7, 111   Total volume of spills is not reported because Saipem collects data on a volume range basis (<5, 5-100, >100 litres) 
EN26 Initiatives to mitigate environmental impacts of products and services p. 104, 108, 109   
EN30 Total environmental protection expenditures and investments IC p. 90, 96, 100  
The data is available on Saipem KPI’s Sustainability web tool
DMA LA Disclosure on management approach p. 6-7  
HSEi Policy available on Saipem’s website
LA1 Total workforce by region p. 97, 101 CFS p. 50  
LA7 Rates of injury, occupational diseases, lost days and work-related fatalities p. 97-99    
LA8 Training programs concerning prevention and risk control to assist employees and communities regarding serious conditions or diseases p. 24-25, 28, 37, 42, 59, 61, 63  
LA10 Employee training      
LA11 Management of employees’ skills p. 7, 91, 93   
LA12 Percentage of employees receiving regular performance and career development reviews p. 91-95    
LA13 Composition of governance bodies p. 93    
DMA HR Disclosure on management approach p. 7 CE
HR1 Agreements that include human rights clauses IC p. 78-79, 94   Voluntary Principles on Security and Human Rights available on Saipem’s website
SOCIETY p. 88, 94    
DMA SO Disclosure on management approach p. 88, 94  CE  
SO1 Programs and practices that assess and manage the impacts of operations on communities IC p. 78-79   Sustainability Policy available on Saipem’s website
SO3 Employees trained in organisation’s anti-corruption policies and procedures p. 14, 20-75   
SO4 Actions taken in response to incidents of corruption p. 80    
DMA PR Disclosure on management approach p.86-87   Quality Policy, Sustainability Policy and HSE Policy available on Saipem’s website
PR1 Life cycle stages in which health and safety impacts of products and services are assessed for improvement, and percentage of significant products and services categories subject to such procedures p. 87 CFS p. 56  
PR5 Practices related to customer satisfaction, including results of surveys measuring customer satisfaction p. 86    


GRI content index874.17 KB