Vallourec declares its carbon policy
05/05/2018 - Sustainable development
In a context where the fight for climate accelerates, Vallourec’s carbon policy becomes more efficient and transparent.

Since 2008, the Group has successfully led an ambitious energy efficiency program which aims at reducing its emissions. The carbon policy has therefore five goals:

  • Better engage with entities in order to reduce carbon emissions
  • Align the Group's decisions with the Paris Agreement roadmap
  • Include a €40 carbon price in decision processes
  • Strengthen the development of environmentally friendly products
  • Ensure Vallourec's industrial equipments will stand weather-related events further to consequences of climate change

Click here to download the new carbon policy

This desire has been publicly asserted, in particular, through the signature of the French Business Climate Pledge last December, along with 88 other countries. The pledge favored a low-carbon economy.

Moreover, the Vallourec Executive Committee has recently approved the publication of the Group's emission goals for 2020, based on the business forecast and the new industrial footprint as a result of the Transformation Plan.

These decisions are in keeping with a context of rising environmental awareness, in France as well as around the world.

At a European level, the directive on "non financial performance", valid starting in 2018, requires listed companies, banks and large insurance companies to publish information related not only to their activity's environmental and social impact, but also the consequences of climate change onto their business model, their emissions objectives and the actions taken to mitigate these consequences.

China is becoming a powerful player in the fight against climate change. Its government has implemented a system similar to the one already in place throughout Europe which caps the amount of greenhouse based on a trade of emission allowances and the establishment of a carbon price. This system, which will be implemented in 2020, will concern first power generation companies, then industries.