Saipem SpA

Common Name
Saipem
Country
Italy
Sector
Energy
Industry
Oil & Gas Equipment & Services
Employees
30,000
Ticker
SPM
Exchange
EURONEXT MILAN
Description
Saipem S.p.A., a renowned engineering and construction company, operates primarily within the oil and gas industry. With a strong global presence, Saipem focuses on providing comprehensive services in...

Saipem's GHG Emissions Data Preview

In 2023, Saipem completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Saipem has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
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Verified Sources Behind Saipem’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Saipem’s data sources below and access millions more through our Disclosure Search.

a. Saipem's Consolidated Non-Financial Report 2023
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Insights into Saipem's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Saipem amounted to 1,042,100 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Saipem decreased by 20.08%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Saipem's Scope 1 Emissions Over Time

2021202220230350 k700 k1.05 M1.4 MtCO2e+21%-20%
  • Total Scope 1
  • Year-over-Year Change

What are Saipem's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Saipem were 1,027,700 metric tons of CO₂ equivalent (tCO₂e). a

Has Saipem reduced its Scope 1 emissions over time?

Since 2021, Saipem's Scope 1 emissions have decreased by 2.5%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Saipem's Scope 1 emissions decreased by 19.55%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Saipem's Scope 2 emissions?

In 2023, Saipem reported Scope 2 greenhouse gas (GHG) emissions of 14,200 tCO₂e using the market-based method and 14,400 tCO₂e using the location-based method. a

Has Saipem reduced its Scope 2 emissions over time?

Since 2021, Saipem's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 39.5%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Saipem's Scope 2 emissions (Location-Based) fell by 45.66% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does Saipem use for Scope 2 reporting?

In 2023, Saipem reported its Scope 2 emissions using the market-based method and using the location-based method. a

Saipem's Scope 2 Emissions Over Time

20212022202307 k14 k21 k28 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Saipem's Value Chain Emissions

In 2023, Saipem reported 5,404,600 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of Saipem includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Saipem's Scope 3 Emissions Over Time

20212022202301.5 M3 M4.5 M6 MtCO2e+97%+73%
  • Total Scope 3
  • Year-over-Year Change

What are Saipem's Scope 3 emissions?

In 2023, Saipem reported total Scope 3 emissions of 5,404,600 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Saipem reduced its Scope 3 emissions over time?

Since 2021, Saipem's Scope 3 emissions have increased by 240.62%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Saipem's Scope 3 emissions increased by 72.58%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Saipem disclose?

In 2023, Saipem reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Saipem's Scope 3 emissions?

In 2023, the largest contributors to Saipem's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 4,744,000 tCO₂e (87.77%)
  • Upstream Leased Assets (Cat. 8): 260,000 tCO₂e (4.81%)
  • Fuel- and Energy-Related Services (Cat. 3): 241,000 tCO₂e (4.46%)

Saipem's Scope 3 Emissions by Categories

Upstream LeasedAssets (Cat. 8)(4.8%)Fuel- andEnergy-RelatedServices (Cat. 3)(4.5%)Purchased Goods andServices (Cat. 1)(87.8%)

Insights into Saipem's Total Carbon Footprint

In 2023, Saipem reported a total carbon footprint of 6,446,700 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 45.34% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Saipem's total carbon footprint was Scope 3 emissions, accounting for 83.84% of the company's total carbon footprint, followed by Scope 1 emissions at 15.94%. a

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