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Stakeholder engagement

The identification and involvement of all bearers of legitimate interests are fundamental aspects of the Company’s sustainability strategy. Pursuing a constant dialogue and sharing objectives with all stakeholders are the tools through which it is possible to create reciprocal value. The stakeholder engagement process consists of four phases:

  • identification and analysis of stakeholders;
  • definition of the relations strategy;
  • implementation of the relations strategy;
  • monitoring and reporting.

Identifying stakeholders and understanding their needs and expectations is an essential step in defining an effective engagement strategy in every location where we operate. A few examples follow.

CLIENTS
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client engagement
APPROACH

Constant reporting and meetings on operating projects.

 

ENGAGEMENT
  • 29 clients in Saipem’s Materiality Assessment.
  • Involved in LiHS programme implementation in projects.

 

KEY INTERESTS
  • People safety;
  • Safe operations asset integrity and process safety;
  • Human and labour rights;
  • Anti-corruption and practices;
  • Training and development.
Employees
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employee engagement
APPROACH

Committed to recruiting and retaining talented personnel and promoting their development, motivation and skills.

 

ENGAGEMENT
  • Implementation of the 4th Strategy LineUp.
  • Employee engagement initiatives.
  • Environmental awareness initiatives.
  • More than 4,700 employees and senior managers involved in Saipem’s Materiality Assessment.

 

KEY INTERESTS
  • People safety;
  • Training and development;
  • Technology and operational innovation;
  • Safe operations, asset integrity and process safety;
  • Anti-corruption and ethical business practices.
Vendors
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vendor engagement
APPROACH

Commitment to developing and maintaining long-term relations with vendors.

 

ENGAGEMENT
  • Audits on social responsibility at vendor sites.
  • Training on human rights.
  • 65 suppliers and business partners involved in Saipem’s Materiality Assessment.

 

KEY INTERESTS
  • People safety;
  • Safe operations, asset integrity and process safety;
  • Anti-corruption and ethical business practices;
  • Training and development;
  • Human and labour rights.
BUSINESS ASSOCIATIONS
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business association engagement
APPROACH

Active participation in and support for numerous international and local associations, contributing to sharing best practices.

 

ENGAGEMENT
  • Active member of 89 business associations.
  • 5 business association representatives involved in Saipem’s Materiality Assessment.

 

KEY INTERESTS
  • Anti-corruption and ethical business practices;
  • People safety;
  • Training and development;
LOCAL communities
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local community engagement
APPROACH

Contribution to progress in local communities in terms of social and economic development and improvement of living conditions.

 

ENGAGEMENT
  • Projects for cooperation with local communities.
  • 11 representatives from universities and other local institutions and associations involved in Saipem’s Materiality Assessment.

 

KEY INTERESTS
  • Training and development;
  • People safety;
  • Health and well-being;
  • Human and labour rights;
  • Safe operations, asset integrity and process safety;
  • Technology and operational innovation;
LOCAL ORGANISATIONS AND NGOs
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local organisation and NGO engagement
APPROACH

Identification of organisations of proven experience with which to establish relations to facilitate the implementation of specific projects.

 

ENGAGEMENT
  • Several initiatives for communities developed through partnerships and cooperation with non-governmental organisations.
  • 3 representatives of non-governmental organisations involved in Saipem’s Materiality Assessment.

 

KEY INTERESTS
  • Water management and pollution;
  • Human and labour rights.
Local authorities and governments
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local authority and government engagement
APPROACH

Institutional and official relations with authorities, as well as cooperation with public bodies to launch local development projects.

 

ENGAGEMENT
  • Institutional relations and proactive cooperation to implement joint local development programmes.
  • 9 representatives of local authorities involved in Saipem’s Materiality Assessment.

 

KEY INTERESTS
  • Technology and operational innovation;
  • People safety;
  • Training and development;
Financial stakeholders
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financial stakeholder engagement
APPROACH

Continuous dialogue with the financial community (i.e. roadshows).

 

ENGAGEMENT
  • Organisation of 12 road show days and attendance at 6 international investor conferences.
  • Over 420 individuals, including portfolio managers and buy/sell side analysts, met.
  • 13 financial stakeholders involved in Saipem’s Materiality Assessment regarding sustainability key topics.

 

KEY INTERESTS
  • Anti-corruption and ethical business practices;
  • Technology and operational innovation;
  • People safety.
INTRODUCTION

Commitment, results
and objectives

Saipem’s commitment, 2017 results and 2018 objectives for our relevant issues