Vision
World leader in smart tubular solutions—this status carries significant social responsibility with it. We must rise to the challenges that we face every day with our stakeholders.
Our duty toward employees, shareholders, customers, and suppliers is to define the highest standards for corporate social responsibility. At Vallourec, this continuous commitment structures our work and serves as a way to make a difference.
Context & Challenges
Context & Challenges
Aware of our social and environmental responsibilities, we are pursuing a proactive policy, based on our convictions, to minimize the impact of our activities on the environment and the communities living near our industrial facilities.
Our approach is formalized in the Group’s Sustainable Development Charter.
Our commitments in these areas have been reflected for more than ten years in the signing of numerous international agreements and partnerships:
Today, we are ready to accelerate the pace to go even further, by making each of our employees aware of the values of sustainability at all levels of the company.
Our ambitions
Our ambitions
Our daily actions are influenced by three priorities:
- Respecting our environment and protecting biodiversity by preventing all types of pollution, reducing water consumption, recycling, and reducing disturbance
- Limiting the use of natural resources and using safe, clean technology
- Improving the energy efficiency of our equipment and reducing carbon emissions from our production processes (GreenHouse program)
To track progress, we measure and monitor our performance in each country to comply with regulations, improve environmental performance and mitigate environmental risks.
An action plan has been defined to achieve these objectives. It has been approved by Vallourec’s Executive Committee:
In 2021, the Group strengthened its commitments on the UN Sustainable Development Goals for 2030, and aligned its objectives to make an active contribution to work in this direction.
Governance
Governance
At the end of 2018, the Supervisory Board decided to create a specialized Committee to assist it on matters relating to strategy in the area of social, environmental and societal responsibility. This Committee’s mission is to ensure that the Group anticipates as best it can the extra-financial challenges, opportunities and risks associated with its business in order to promote responsible and harmonious long-term value creation.
This committee has been maintained, despite the changes in governance, demonstrating the involvement at the highest level of our company.
In september 2022, Vallourec’s new management team strengthened its CSR governance by forming a CSR Committee, composed of all Executive Committee members, organized as below:
Materiality analysis
Materiality analysis
Single materiality analysis
In 2021 the Group called in a specialist consultancy to assist in drafting a new materiality analysis (the first analysis was carried out in 2016).
The new analysis made it possible to identify new challenges facing the Group, and to factor in new prospects for the Group’s business lines, the Group’s new industrial footprint, and the changing expectations of its stakeholders.
Double materiality analysis
In 2023, Vallourec has performed its double materiality analysis to complement and update the previous materiality assessment led in 2021.
The main material topics identified at this stage are the following:
- Climate change mitigation and adaptation
- Energy
- Water consumption and water withdrawals
- Substances of concern and extremely high concern
- Pollution of air, water, soil, and living organisms
- Noise pollution
- Waste
- Direct drivers of biodiversity loss
- Health and safety of workers
- Working conditions
- Maintaining expertise and developing skills
Non-financial performance
Non-financial performance
Vallourec’s initiatives in terms of Environmental, Social and Governmental criteria are widely recognized and, as such, receive high marks each year, rewarding our efforts and our approach and positioning us among the best in our sector.
