Saipem SpA
Saipem EU Taxonomy Data Preview
In 2024, Saipem was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Saipem has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Saipem are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Non-Eligible B Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Non-Eligible B Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Non-Eligible B Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected EU Taxonomy data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Saipem's Revenues from Sustainable Activities
In 2024, Saipem reported EU Taxonomy-eligible revenues of EUR 1.90 billion, representing 13.03% of its total turnover. Of this amount, EUR 682.30 million of Saipem's revenues was classified as EU Taxonomy-aligned, indicating that 4.69% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
Saipem's Taxonomy-Eligible Turnover Over Time
- Total Taxonomy Aligned A1 Turnover
- Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Saipem's revenues become more sustainable over time?
Since 2022, Saipem's taxonomy-aligned revenues decreased by 54.02% , indicating a long-term decline in environmentally sustainable revenue performance.
Compared to the previous year (2023), Saipem's taxonomy-aligned revenues decreased by 28.4% , suggesting that Saipem may have deprioritized sustainable activities, shifted focus away from green offerings, or reduced transparency in its EU Taxonomy reporting.
How much of Saipem's revenue is eligible under the EU Taxonomy?
In 2024, Saipem reported that EUR 1.90 billion of its revenue was eligible under the EU Taxonomy, representing 13.03% of the company's total turnover. Of this amount, EUR 682.30 million (4.69% of total revenue) was classified as Taxonomy-aligned. This means that 8.34% of Saipem's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.
How much of Saipem's eligible revenue is aligned with the EU Taxonomy?
In 2024, Saipem reported that EUR 682.30 million of its revenue was aligned under the EU Taxonomy, representing 4.69% of its total turnover.
This low alignment highlights either a limited focus on green activities or early-stage adoption of sustainability frameworks, underscoring opportunities for further alignment with EU climate objectives.
Saipem's Eligibility & Alignment Overview
Saipem's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Turnover
- Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Saipem's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Saipem reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 4.69%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Saipem earn from selling climate-related solutions ?
In 2024, Saipem reported that EUR 682.36 million of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 4.69% of the company's total revenue, indicating that Saipem has limited exposure on solutions that support climate action through its commercial activities.
Insights into Saipem's CAPEX from Sustainable Activities
In 2024, Saipem reported EU Taxonomy-eligible CAPEX of EUR 57.34 million, representing 7.02% of its total CAPEX. Of this amount, EUR 39.71 million of Saipem's CAPEX was classified as EU Taxonomy-aligned, indicating that 4.86% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
Saipem's Taxonomy-Eligible Capex Over Time
- Total Taxonomy Aligned A1 Capex
- Total Taxonomy Eligible but Not Aligned A2 Capex
Have Saipem's increased its investment in sustainable activities over time?
Since 2022, Saipem's taxonomy-aligned capital expenditure (CAPEX) decreased by 37.13%, indicating a long-term decline in green capital deployment, potentially signaling shifting priorities or reduced focus on sustainability-linked investments.
Compared to the previous year (2023), Saipem's taxonomy-aligned CAPEX decreased by 64.03%, suggesting that Saipem may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.
How much of Saipem's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Saipem reported that EUR 57.34 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 7.02% of the company's total CAPEX. Of this amount, EUR 39.71 million (4.86% of total CAPEX) was classified as Taxonomy-aligned. This means that 2.16% of Saipem's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).
How much of Saipem's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Saipem reported that EUR 39.71 million of its CAPEX was aligned under the EU Taxonomy, representing 4.86% of its total capital investment.
This low alignment reflects that Saipem is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Saipem's Eligibility & Alignment Overview
Saipem's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Capex
- Total Taxonomy Eligible but Not Aligned A2 Capex
How is Saipem's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Saipem reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 4.86%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much Saipem is investing in climate-related solutions?
In 2024, Saipem allocated EUR 39.68 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 4.86% of the company's total capital expenditure, indicating that Saipem has only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.
Insights into Saipem's OPEX from Sustainable Activities
In 2024, Saipem reported EU Taxonomy-eligible OPEX of EUR 220.14 million, representing 15.23% of its total operating expenses (OPEX). Of this amount, EUR 164.80 million of Saipem's OPEX was classified as EU Taxonomy-aligned, indicating that 11.4% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
Saipem's Taxonomy-Eligible Opex Over Time
- Total Taxonomy Aligned A1 Opex
- Total Taxonomy Eligible but Not Aligned A2 Opex
Have Saipem's increased its spending in sustainable activities over time?
Since 2022, Saipem's taxonomy-aligned operating expenditure (OPEX) decreased by 52.89%, indicating a long-term decline in sustainability-related operational spending, which may reflect shifting priorities or reduced emphasis on green initiatives.
Compared to the previous year (2023), Saipem's taxonomy-aligned OPEX decreased by 46.53%, suggesting that Saipem may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.
How much of Saipem's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Saipem reported that EUR 220.14 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 15.23% of the company's total OPEX. Of this amount, EUR 164.80 million (11.4% of total OPEX) was classified as Taxonomy-aligned. This means that 3.83% of Saipem's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).
How much of Saipem's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Saipem reported that EUR 164.80 million of its OPEX was aligned under the EU Taxonomy, representing 11.4% of its total operational expenditure.
This moderate level of alignment indicates that Saipem is beginning to shift operational priorities toward greener practices, with room for deeper integration.
Saipem's Eligibility & Alignment Overview
Saipem's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Opex
- Total Taxonomy Eligible but Not Aligned A2 Opex
How is Saipem's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Saipem reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 11.4%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much of Saipem's operational budget supports climate-related solutions?
In 2024, Saipem allocated EUR 164.78 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 11.4% of the company's total OPEX, indicating that Saipem is moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.