Initially, this agreement was signed in 2015 before the COP 21, by 39 companies who wanted to increase their ecological investment during the 2015-2020 period. They had committed to investing:
- 45 billion euros in industrial and R&D projets
- 80 billion euros in bank and bond financing for projects contributing to the fight against climate change
On December 11th, 2017, the day before the One Planet Summit initiated by French President Emmanuel Macron, 89 companies met either to renew the agreement for the 3 remaining years, or to join the initiative. Each one of them highlighted its actions and publically identified itself as a player committed to fighting climate change.
The above commitments were respectively raised to 60 and 220 billion euro.
A company has many ways to curb its carbon footprint, for example by using energy from renewable sources, such as wind or solar, reducing greenhouse gases or developing new materials and low carbon technologies.
Vallourec is among the signatory companies, along with others such as Air Liquide, Arcelor Mittal, Saint-Gobain, Technip and Total.
Vallourec's industrial activity requires significant electricity, gas and charcoal consumption, but nearly 40% of the energy consumed by Vallourec in its manufacturing process is renewable. The Group is engaged in an ambitious project of energy efficiency. Moreover, the Group has lead an in-depth study of the operating conditions in its forest in Brazil. At the end of this scientific study, it can clearly be seen that, thanks to the role of the roots and the earth, the forest-steelworks system captures carbon instead of emitting it, thereby considerably lowering the Group's total carbon emissions.
Finally, the premium products manufactured by Vallourec have always been eco-solutions which allow its customers to reduce their carbon emissions. For instance, the tightness and mechanical resistance of VAM® connections are equivalen to those of the tubes and avoid the risk of cracking and breaking and therefore leakage of liquid or gaseous hydrocarbons. Another example is CLEANWELL®, a non-polluting coating applied to threaded and coupled connections aims to replace storage and running compounds, and ensure perfect sealing of the connections while protecting them effectively against galling and corrosion. The result? Productivity gains, but above all minimal repercussions on the environment.