GlobalData offers a comprehensive analysis of Technip Energies, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on Technip Energies‘s ESG performance. GlobalData’s company profile on Technip Energies offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Technip Energies, a global engineering and technology company, has set a net-zero target to achieve by 2030. The company has specific goals related to scope 1, scope 2, and scope 3 emissions, which include direct emissions from owned or controlled sources, indirect emissions from the generation of purchased energy, and emissions from the value chain, respectively. The company has taken steps to reduce its greenhouse gas (GHG) emissions, including waste valorization, carbon capture utilization and storage, and carbon capture and storage. Technip Energies has also invested in renewable energy technologies and environmentally sustainable activities. Technip Energies’ latest filings mentioned the keywords ‘Emissions’ and ‘CO2’ most number of times in relation to ‘Net Zero’.
Technip Energies has committed to achieve the target to reduce scope 1 & 2 emissions by 30% in 2025 and net zero by 2030. The company has disclosed several ESG indicators in its 2022 Sustainability report, including GHG emissions scopes 1 and 2, GHG emissions scope 3 upstream, avoided GHG emissions, energy consumption, waste generated, water withdrawal, and wastewater generated.
In 2022, the company’s Scope 1 emissions amounted to 2,468 tonnes of carbon dioxide equivalent, Scope 2 location-based emissions amounted to 15,711 tonnes of carbon dioxide equivalent, and Scope 3 emissions in the upstream channels amounted to 1,842,969 tonnes of carbon dioxide equivalent. Technip Energies has a carbon footprint methodology for GHG emissions scopes 1, 2, and 3, and reduction action plans. The company has a Code of Business Conduct, is a member of the UN Global Compact, and has a Human Rights Management System for eligible projects. Technip Energies has also disclosed its policies and practices for the prevention of bribery and corruption and anti-competitive behavior in project bidding processes.
In conclusion, Technip Energies' transformations linked to achieving net zero are a source of opportunities for the company, with the main risk being to fail leading by example and thereby lose traction with clients, investors, new talents, and collaborators in the company. The company has identified climate change as a material topic to its stakeholders during the materiality assessments that took place in 2021. Technip Energies has disclosed its impact on climate-related risks and opportunities on the organization's businesses, strategy, and financial planning.