Abstract
In the contemporary business landscape, sustainability drivers, including climate change, stringent regulatory frameworks, and evolving stakeholder expectations, have fundamentally redefined the risk profile of the industrial sectors. Identifying risk drivers and establishing robust mitigation measures is no longer merely an operational task but a strategic necessity. This paper illustrates Saipem’s proactive approach to embedding environmental sustainability into its decision-making processes through a standardized and highly replicable methodology applied during the bid approval stage. The core of this approach is to transition environmental risk management from a reactive, project-specific monitoring activity to a high-level strategic de-risking tool. The methodology identifies and assesses five key environmental aspects: Scope 1 and 2 greenhouse gas emissions, water withdrawal, biodiversity conservation, and waste management. It provides a structured and consistent assessment of distinct environmental risk dimensions, enabling a clear and transparent understanding of individual environmental risks to support strategic decision-making. To ensure objectivity and global replicability, the framework integrates project-specific technical data with internationally recognized environmental databases.
