Responsible performance targets

Vallourec has made a commitment to make a difference

As a leader of its industry, Vallourec must set the standard for corporate social responsibility. The Group has made a commitment to all of its stakeholders to make a difference.

Ensure the safety and protect the health of our employees

91% The decrease in the accident frequency rate with and without lost time (TRIR) between 2008 and 2016.

Between 2008 and 2016, the Lost Time Injury Rate (LTIR) decreased 85% and the Total Recordable Injury Rate (TRIR) decreased 91%. The severity rate of accidents was 0.06. Since 2016, LTIR and TRIR performance indicators incorporate subcontractors on the same level as Group employees and temporary staff. The Group remains strongly committed to improving safety.

2017 objective: to continue our efforts to achieve an LTIR of 1.2 and a TRIR of 2.75.

Train and motivate our employees

76% The portion of employees worldwide satisfied to be part of Vallourec, according to the 2013 "Opinion" survey.

Action plans were developed and deployed locally to respond to expectations expressed in the survey.

Establish a network of reliable and responsible suppliers

850 The number of suppliers involved in Vallourec's social and environmental responsibility evaluation.

2017 objective: reach 900 suppliers involved cumulatively in the Group’s formal evaluation process.

Satisfy our shareholders over the long term

B+ The average rating of Vallourec by three major non-financial rating agencies, meeting the Group's objective for 2017.

At the end of 2017, Vallourec was included in the Vigeo Worldwide Index 120. It was ranked #2 among 21 companies in its sector.

Vallourec's RobecoSAM evaluation increased from 54 to 60 in the past 2 years.

2018 objective: Maintain a B+ in surveys.

Improve the energy efficiency of our equipment, reduce carbon emissions

In 2016, energy consumption was down compared to 2015​.

2017 objective: Given the changes in the Group's industrial footprint, the objective will be set during the year.​​​​​​​​​​

Respect our environment and protect biodiversity

94.4% The portion of the Group's waste recycled in 2016.

2017 objective: Given the changes in the Group's industrial footprint, the objective will be set during the year.