VALLOUREC : VALLOUREC : Vallourec maintains its commitment to sustainable
Vallourec maintains its commitment to sustainable development
o-72% accidents with lost time over the last 5 years
o12%increase in energy efficiency between 2008 and 2012
o50% of the steel used by the Group coming from recycled scrap metal
oA pro-active approach to measuring the Group's water footprint
o€6 million devoted to local communities in Brazil
Boulogne-Billancourt, 28 March 2013 - With France's Sustainable Development
Week taking place from April 1 to April 7, Vallourec reports on its commitment
to this cause.
In 2011, Vallourec published a new Sustainable Development Charter that sets
the Group's sustainable development targets, defines areas for improvement,
and reinforces communication with its stakeholders. Designed for the Company's
external partners as well as its employees, the Charter is in line with
proposals made by the French Round Table on the Environment (le Grenelle de
l'Environnement) and new regulations.
The new Charter and its performance indicators
Vallourec's new Sustainable Development Charter is structured around three
1.Ensuring the sustainability of our business with competitive and
2.Maintaining sustainable relations with our stakeholders.
3.Protecting our environment and using our resources judiciously.
It also integrates performance indicators and five key goals:
COMMITMENTS INDICATORS 2012 2013
Ensure the safety and protect TRIR (Total Recordable 7.6 6.5
the health of our employees; Incidence Rate: number of
offer each employee good working accidents recorded per
conditions million hours worked)
Train and motivate our employees Results of the "Opinion" - 62%
through skills development, survey (employee
recognition of expertise, satisfaction rate)
promotion of talents and career
Satisfy our shareholders over the Assessment by B B
long term non-financial rating
Improve the energy efficiency of kWh/metric ton processed 975 945
our facilities and reduce the
carbon emissions from our
Respect our environment and Percentage of waste 90 % 92 %
protect biodiversity by recycled
preventing all forms of
pollution, decreasing water
consumption, recycling waste and
For more information:
o-72% accidents with lost time between 2008 and 2012
Keen to continuously and permanently improve safety within the Group,
Vallourec extended in 2011 its ambitious safety improvement program for a
further three years, based on four tools: steering committees at every level
to infuse the Group's safety culture, safety visits at work stations (over
30,000 visits in 2012), permanent deployment of risk assessment tools and
prevention actions, as well as the implementation of Continuous Improvement
Teams (over 300 in 2012).
In five years, the LTIR (Lost Time Injury Rate: number of accidents with lost
time per million hours worked) decreased by 72%. By the end of 2012, it was
2.60 and the TRIR (Total Recordable Incidence Rate: number of accidents
recorded per million hours worked) was at 7.6, surpassing the Group's targets.
o12%increase in energy efficiency compared to 2008
In 2012, energy consumption by the total tonnage utilized was 654 kWh/metric
ton for gas and 322 kWh/metric ton for electricity. Although these figures
appear higher than those from 2008, the benchmark year when the GreenHouse
project was launched to reduce the Group's energy consumption, they actually
show a big improvement in energy efficiency, since the proportion of premium
products manufactured by Vallourec has grown significantly and these require
more complicated and energy-intensive heat treatment and finishing processes.
By equivalent orders and volumes, efficiency has improved by over 12% compared
Vallourec's plant in Düsseldorf-Rath (Germany) is a shining example of this
increase in energy efficiency. Thanks to the installation of new regenerative
burners in its main furnace in 2012, the plant has reduced its natural gas
consumption by 30% and carbon dioxide emissions by 8,000 metric tons per year.
o50% of the steel used by the Group comes from recycled scrap metal
In 2012, 50% of the steel used by the Group to produce its tubes, whether it
was made internally or bought from steel companies, came from recycled scrap
metal, leading to an equivalent reduction in the amount of iron ore extracted.
This figure is as high as 65% if only the steel produced by Vallourec's steel
mills is taken into account.
oA pro-active approach to measuring the Group's water footprint
Water is essential in the industrial production process of Vallourec, which is
why the Group pays particular attention to the subject and has developed a
pro-active approach to reducing the quantities of water used. Over the past 10
years, the Group's water withdrawals have been reduced by 40% per metric ton
of tube produced. In 2012 Vallourec decided to do more by measuring the full
impact of its activity on local water resources, and by targeting more
efficiently improvement actions. Vallourec has turned to Veolia Water to
implement a new measurement tool: the Water Impact Index (WIIX) at 7 sites.
This multi-criteria approach goes further than simply quantifying the volumes
of water used, i.e. quantities of water withdrawn and discharged. It also
assesses the level of stress on local water resources, and the overall quality
of the water withdrawn and discharged.
o€6 million for local communities in Brazil
In Brazil, for historical, cultural and regulatory reasons, and due to its
plant being located in the heart of the urbanized district of Barreiro in Belo
Horizonte, Vallourec has been providing local communities, and especially the
poor living in these communities, a long-standing structured support program.
Particular emphasis is placed on schooling and pathways towards employment,
encouraging and funding individual economic activity, and participating in
various cultural and sporting events. In 2012, €6 million were devoted to
Vallourec is a world leader in premium tubular solutions primarily serving the
energy markets, as well as other industrial applications.
With over 23,000 employees, integrated manufacturing facilities, advanced R&D,
and presence in more than 20 countries, Vallourec offers its customers
innovative global solutions to meet the growing energy challenges of the 21^st
Listed on NYSE Euronext in Paris (ISIN code: FR0000120354, Ticker VK) and
eligible for the Deferred Settlement System, Vallourec is included in the
following indices: MSCI World Index, Euronext 100 and CAC 40.
In the United States, Vallourec has a sponsored Level 1 American Depository
Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY). The ratio of
Vallourec ADR to ordinary shares is 5:1.
FOR FURTHER INFORMATION, PLEASE CONTACT
Tel.: 01 41 03 77 50
Tel.: +33 (0)1 49 09 35 58
280313_PR_Vallourec_Sustainable Development Week (PDF)
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