Why is this new sustainability report an important publication for Technip Energies?

Arnaud Pieton (AP): When we launched the company on February 16, 2021, we pledged to build a sustainability roadmap, fully integrated with our business strategy, and to publish a report and performance scorecard every year. This is our first report which sets out our environmental, social and governance (ESG) roadmap and presents the people and processes involved in its development. The report illustrates the importance of ESG within all our business operations and for all our people.

Businesses need to demonstrate value for shareholders and society, and we are setting the tone from the top; in the goals that we set and the way that we lead. Our sustainability report tracks our performance and provides transparency to honor our commitments. Delivering on our ambitions to support our clients to accelerate the energy transition can be a clear differentiating factor and key to success.

What was the role of the Board in the development of the ESG Roadmap?

Joseph Rinaldi (JR): As a new company, the Board made the conscious decision to structure the organization around ESG best practices. Together with the Executive Committee, we have been closely involved in the materiality assessment and development of the ESG Roadmap.

We set out a very collaborative approach from the outset to ensure that it is meaningful for all aspects of the business, robust, bold and inspiring.

The ESG Roadmap defines in detail the company priorities and commitments for the next 3 years with a strong action plan and a KPI scorecard. The Board and specifically the ESG Committee is actively involved in monitoring its implementation. The ESG Committee is tasked with reviewing policies, strategies and performance related to environmental stewardship, responsible investment, corporate citizenship, human rights, risk management, and all ESG matters. To strengthen ESG accountability and transparency, key ESG targets have been incorporated into the incentive components of our 2022 executive compensation program.

In addition to publishing your ESG Roadmap, you have also presented the company purpose and values. What is the importance of these elements and how do they work together?

AP: I strongly believe that for a new company to succeed, especially in such a period of change that the energy transition represents, all employees, wherever they work, in whatever they do, need to share the same spirit.

How can we achieve that? By engaging with them, understanding what is important for them and what drives them in their professional and personal lives. This was carried out through an employee questionnaire and a series of workshops in parallel with the preparation of our ESG Roadmap. It was a very participative and interactive process.

This process enabled us to come up with what we believe is a strong purpose statement: Breaking boundaries together to engineer a sustainable future. Our purpose captures the essence of who we are and why we do business. It truly reflects our engineering DNA and inspires us all to act.

Our values play a foundational role in the company culture. They define who we are, how we act, and where we want to go. Most importantly, they are embedded in the way we run our business. They are a driving force behind a global, collective sense of identity and a key part of the brand.

The ESG Roadmap and strategic plan translate our ambition into targets to create value over a medium to long term horizon. Our values set out the way we carry out our business. Our purpose ensures that we are all heading in the same direction.

As a new company, the Board made the conscious decision to structure the organization around environmental, social and governance (ESG) best practice. We set out a very collaborative approach from the outset to ensure that it is meaningful for all aspects of the business, robust, bold and inspiring. Joseph Rinaldi, Chairman of the Board

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