Moreover, digital will have a far-reaching role to play in the Energy Transition. Digitalize to decarbonize is our data-driven approach to provide a new offering of digital solutions and promote open collaboration across and between industries. Technip Energies is fully invested in harnessing the power of digital to make sustainable changes to the way we operate, broaden opportunities, and support new business models.
JR: For the Net-Zero ambition to be achieved, an unprecedented level of global investment in production, transportation, storage and distribution infrastructure and associated technology will be required over the coming decades. The company s engineering and technological leadership in the energy sector positions it to become an important player in designing, building and deploying this core infrastructure and to build leading and profitable businesses for Net-Zero.
The Board works closely with management to assess the opportunities and risks that this evolving energy landscape presents. In developing and setting the strategic objectives for the business, and reviewing and approving the investments (including in our people and in technology), partnerships and other actions required to execute the company s plans, the Board s objective is to achieve long term sustainable growth that creates value for all our stakeholders.
What do you consider to be the key achievements of Technip Energies in 2021? And what are your expectations for 2022?
JR: February 16, 2021, marked a new and exciting chapter in the history of the company with the creation of Technip Energies. We set out with a strong ambition and now we have a clearly defined purpose, values and ESG Roadmap which express how we intend to achieve this ambition and conduct business.
The strong results achieved by the people of Technip Energies in our first year and in the face of the many challenges presented by the ongoing covid pandemic clearly demonstrate that we are on the right path.
Looking forward, the global consequences of the Covid-19 pandemic have not entirely disappeared and the devastating war in Ukraine is impacting businesses throughout the world, including the Company s operations in Russia. The Company has stopped work on future opportunities in Russia and, together with our employees, we are helping to provide support for the victims of the war.
We continue to monitor the impact of these developments on our people and operations and to take appropriate mitigating actions. Our strong and diversified global business and financial strength means that we are well positioned to weather and contain the impact of these challenges. Above all the talent, resilience and commitment that our people displayed in 2021 give me confidence that the company will continue to build a strong, sustainable and financially successful future.
AP: I am filled with pride as we reflect on our first year as an independent company 2021 has been a special and memorable year for all of us at Technip Energies.
We have taken time collectively to define our company purpose, to identify and appropriate our company values and to embed these foundations in our strategy and in our ESG Roadmap. These are presented in detail throughout this report.
Everything we have achieved operational robustness, solid financials, and notable commercial success has been driven by the collective effort of 15,000 talented people, and their creativity, innovation and collaborative mindset.
I also wish to express our solidarity with those suffering as a result of Russia s invasion of Ukraine. The Company and its employees have taken measures to provide material support to help the Ukrainian people. We are monitoring the situation closely and have taken appropriate measures to safeguard our people and operations. Until further notice, we have decided to suspend working on future business opportunities in Russia.
I am confident in the robustness of Technip Energies global and diversified business, balance sheet, and our ability to invest and deliver on our strategy. We have sown the seeds to strengthen our capabilities and offering, extending our reach into a low- to zero-carbon future through technology, innovation and partnerships.
I am impressed by the positive energy and attitude that people are bringing to our transformation and contributing to the Energy Transition.
The magnitude and the complexity of the challenge ahead of us is gigantic, but it s also exciting and it s our responsibility to make a better tomorrow. And at Technip Energies we believe we have a critical role to play on this journey. Energy transition is our business. Arnaud Pieton, Chief Executive Officer
Technip Energies Sustainability Report 2021 . 05