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/ Introduction
Value Creation
Saipem’s business model contributes to creating long term value for the communities in which we live and operate and society as a whole. That is the foundation of our sustainability strategy and of our sense of purpose.
Saipem direct contribution by geographical area
8 BILLION euros
Our overall direct economic contribution.
We directly contribute to the communities in which we live and work and to society as a whole mainly through our input into the local economy by purchasing products and services from local suppliers, paying local taxes in the markets where we operate, employing local people and contributing to their development through training and capacity building initiatives.
|
Geographical area
|
Current Taxes (€mln)
|
Total Goods and
Services Ordered (€mln) |
Employees (No.)
|
Training Man-hours (No.)
|
|---|---|---|---|---|
 America
|
5 | 331 | 1,834 | 67,787 |
 Africa
|
53 | 738 | 6,240 | 119,448 |
 Cis
|
6 | 1,367 | 11,449 | 360,088 |
 Far East and Oceania
|
19 | 1,268 | 3,290 | 49,715 |
 Europe
|
119 | 2,264 | 9,976 | 130,063 |
 Middle East
|
75 | 454 | 2,731 | 60,658 |
Saipem overall economic contribution
13 BILLION euros
Total economic effect of Saipem’s operations worldwide.
130,000 JOBS EQ.
Overall impact in terms of employment.
Our direct contribution to the local economy has a multiplier effect which results in a bigger picture with the overall positive impact on the local economy.
MEASURING Saipem’s real value
Recognising that our business activities are connected to both positive and negative impacts on the environment and society, we are challenged to measure those impacts by quantifying them in monetary terms, providing a comprehensive representation of the Real Value Saipem generates in the society.
OUR REVALUE MODEL
|
Input
|
Output
|
Impact
|
|---|---|---|
| Employment of local personnel | Local jobs creation |
|
| Purchase of goods and services | Increased revenues for local vendors | Improvement in material living standards. |
| Employee training | Increased skills | Improvement in material living standards. |
| Employee training | Increased skills | Improved employability. |
| GHG emissions | Contribution to climate change | Change in health and well-being. |
| Other air emissions | Air Pollution | Change in health and well-being. |
| Waste production | Waste disposal to landfill | Change in health and well-being. |
| Water Withdrawal | Depletion of water | Decrease in water availability for community use. |
Social and Environmental impacts: results
