Saipem S.p.A. is an Italian multinational oilfield services company and a global leader in engineering, construction, and drilling for the energy and infrastructure sectors, both offshore and onshore.... Saipem S.p.A. is an Italian multinational oilfield services company and a global leader in engineering, construction, and drilling for the energy and infrastructure sectors, both offshore and onshore. Founded in 1957, it manages complex projects from design to decommissioning in extreme environments, remote areas, and deep waters, with operations spanning over 50 countries and a workforce exceeding 30,000 employees from more than 120 nationalities. The company boasts eight fabrication yards, seven engineering hubs, and a versatile fleet of approximately 40 vessels, including 20 construction vessels and 15 drilling rigs such as semi-submersibles, drillships, and jack-ups. Saipem S.p.A. organizes into five key business lines: Offshore Drilling, Asset Based Services, Energy Carriers, Offshore Wind, and Sustainable Infrastructures, focusing on innovations like green hydrogen, CO2 solutions, subsea robotics, and sustainable energy transition projects. Notably, nearly 35% of its revenue derives from the Middle East, underscoring its significant role in global energy infrastructure development and the shift toward low-carbon solutions.
In 2025, 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
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned Turnover
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Total Taxonomy Eligible Turnover
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4.1 CCM/CCA - Electricity generation using solar photovoltaic technology
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4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids
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4.20 CCM/CCA - Cogeneration of heat/cool and power from bioenergy
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4.3 CCM/CCA - Electricity generation from wind power
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5.11 CCM/CCA - Transport of CO2
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6.14 CCM/CCA - Infrastructure for rail transport
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Metric
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned Opex
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Total Taxonomy Eligible Opex
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4.3 CCM/CCA - Electricity generation from wind power
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6.14 CCM/CCA - Infrastructure for rail transport
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Metric
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned Capex
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Total Taxonomy Eligible Capex
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4.3 CCM/CCA - Electricity generation from wind power
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Limited Data Preview
You are viewing a limited preview of Saipem’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories, at both aggregate and activity level, with historical coverage back to 2022.
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a. Saipem's Consolidated Non-Financial Report 2025
b. Saipem's Annual Report 2024
c. Saipem's Annual Report 2023
d. Saipem's Annual Report 2022
Insights into Saipem's Revenues from Sustainable Activities
In 2025, Saipem reported EU Taxonomy-eligible revenues of EUR 1.88 billion, representing 12.16% of its total turnover. Of this amount, EUR 753.66 million of Saipem's revenues was classified as EU Taxonomy-aligned, indicating that 4.86% 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).a
Saipem's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Eligible Turnover
Total Taxonomy Aligned Turnover
Have Saipem's revenues become more sustainable over time?
Since 2022, Saipem's taxonomy-aligned revenues decreased by 52.35%, indicating a long-term decline in environmentally sustainable revenue performance.a, d
Compared to the previous year (2024), Saipem's taxonomy-aligned revenues increased by 3.62%,highlighting Saipem's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.a, b
How much of Saipem's revenue is eligible under the EU Taxonomy?
In 2025, Saipem reported that EUR 1.88 billion of its revenue was eligible under the EU Taxonomy, representing 12.16% of the company's total turnover. Of this amount, EUR 753.66 million (4.86% of total revenue) was classified as Taxonomy-aligned. This means that 7.3% 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.a
How much of Saipem's eligible revenue is aligned with the EU Taxonomy?
In 2025, Saipem reported that EUR 753.66 million of its revenue was aligned under the EU Taxonomy, representing 4.86% of its total turnover.a
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 Turnover
How is Saipem's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2025, Saipem reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
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 revenue does Saipem earn from selling climate-related solutions ?
In 2025, Saipem reported that EUR 753.16 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 4.86% of the company's total revenue,indicating that Saipemhas limited exposureon solutions that support climate action through its commercial activities.a
Insights into Saipem's CAPEX from Sustainable Activities
In 2025, Saipem reported EU Taxonomy-eligible CAPEX of EUR 245.17 million,representing 15.75% of its total CAPEX. Of this amount, EUR 233.52 million of Saipem's CAPEX was classified as EU Taxonomy-aligned, indicating that 15% 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).a
Saipem's Taxonomy-Eligible Capex Over Time
Total Taxonomy Eligible Capex
Total Taxonomy Aligned Capex
Have Saipem's increased its investment in sustainable activities over time?
Since 2022, Saipem's taxonomy-aligned capital expenditure (CAPEX)increased by 94.05%,pointing to a long-term shift toward greater investment in environmentally sustainable activities recognized under the EU Taxonomy.a, d
Compared to the previous year (2024), Saipem's taxonomy-aligned CAPEX increased by 208.64%,highlighting Saipem's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.a, b
How much of Saipem's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2025, Saipem reported that EUR 245.17 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 15.75% of the company's total CAPEX. Of this amount, EUR 233.52 million (15% of total CAPEX) was classified as Taxonomy-aligned. This means that 0.75% 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).a
How much of Saipem's eligible CAPEX is aligned with the EU Taxonomy?
In 2025, Saipem reported that EUR 233.52 million of its CAPEX was aligned under the EU Taxonomy, representing 15% of its total capital investment.a
This moderate level of alignment indicates 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 Capex
How is Saipem's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2025, Saipem reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 15%
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 2025, Saipem allocated EUR 233.50 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 15% of the company's total capital expenditure,indicating that Saipemis moderately allocating capital toward climate-aligned initiatives, while maintaining a diversified investment portfolio.a
Insights into Saipem's OPEX from Sustainable Activities
In 2025, Saipem reported EU Taxonomy-eligible OPEX of EUR 58.56 million,representing 4.07% of its total operating expenses (OPEX). Of this amount, EUR 54.01 million of Saipem's OPEX was classified as EU Taxonomy-aligned, indicating that 3.75% 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).a
Saipem's Taxonomy-Eligible Opex Over Time
Total Taxonomy Eligible Opex
Total Taxonomy Aligned Opex
Have Saipem's increased its spending in sustainable activities over time?
Since 2022, Saipem's taxonomy-aligned operating expenditure (OPEX)decreased by 84.5%,indicating a long-term decline in sustainability-related operational spending, which may reflect shifting priorities or reduced emphasis on green initiatives.a, d
Compared to the previous year (2024), Saipem's taxonomy-aligned OPEX decreased by 67.11%, suggesting that Saipem may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.a, b
How much of Saipem's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2025, Saipem reported that EUR 58.56 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 4.07% of the company's total OPEX. Of this amount, EUR 54.01 million (3.75% of total OPEX) was classified as Taxonomy-aligned. This means that 0.32% 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).a
How much of Saipem's eligible OPEX is aligned with the EU Taxonomy?
In 2025, Saipem reported that EUR 54.01 million of its OPEX was aligned under the EU Taxonomy, representing 3.75% of its total operational expenditure.a
This low alignment reflects limited operational focus on green activities, suggesting that sustainability considerations have yet to be fully integrated into core operating processes.
Saipem's Eligibility & Alignment Overview
Saipem's Contribution to Environmental Objectives
Total Taxonomy Aligned Opex
How is Saipem's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2025, Saipem reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 3.75%
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 2025, Saipem allocated EUR 53.96 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 3.75% of the company's total OPEX,indicating that Saipemhas only a limited share of operational expenditure aligned with climate goals, signaling early-stage or minimal integration of climate objectives into its routine activities.a
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