"In 2015 we grew as a global company"

Dear stakeholders,

2015 was a year of progressive evolution for Salini Impregilo. We grew as a global company, united by a common set of values, and stepped up our focus on creating resilient, high quality, sustainable infrastructure in a rapidly evolving world.

Infrastructure has always been fundamental to developing thriving economies and societies. Now, with two thirds of the global population expected to be living in cities by 2050, it is more crucial than ever. Indeed, the United Nation’s new Sustainable Development Goals, launched in 2015, highlight the growing importance of our industry’s role in achieving sustainable development. We intend to help lead our industry in embracing that responsibility and contributing to building a better world.


Above all, we aim to improve people’s lives, whether it is by supporting the renewable energy transition with major hydro-electric plants or developing sustainable mobility solutions for 21st century cities. We believe that large-scale, high quality infrastructure should be accessible to all, and we are making it happen.

Salini Impregilo completed some highly challenging projects in 2015. For example, the Lake Mead Intake No.3 and hydraulic tunnel, which will help supply water to Las Vegas for many generations, was nominated Global Tunnelling Project of the Year by New Civil Engineer. Some of our ongoing projects also obtained important accolades such as the Sydney Metro Northwest, designed to withstand the challenges posed by an evolving climate and the risk of extreme weather, which was recognised by the Infrastructure Sustainability Council of Australia (ISCA) as world-class best practice.

Through every project, we aim to create economic, social and environmental value for our stakeholders. We call this our Shared Value approach. This builds on 110 years of putting respect for people at the heart of our business, and represents our firm commitment to integrating our values and sustainability ambitions with our core business strategy. Creating a holistic, consistent sustainability culture is vital as we continue to expand.

In particular, we aim to exceed our clients’ expectations, ensure a healthy return for investors, and develop infrastructure that addresses pressing social and environmental challenges. This is particularly relevant in developing countries, where resilient infrastructure can empower local communities and boost economies.

Wherever we do business, we seek to be transparent with our stakeholders, inviting their views, building trust, sharing our plans and progress, and promoting a culture of accountability.

In 2015, we maintained our commitment to supporting local communities economically and socially. We spent 75% of our purchasing budget with local suppliers, and created employment for more than 10,700 people through sub-contractors and service providers. Additionally, we provided more than 17,000 free healthcare sessions to communities in remote, rural areas across Africa. We also launched the E4Impact Foundation, a landmark initiative to help inspire and support social entrepreneurship in Africa.

Importantly, we stepped up our efforts to reduce impact on the environment, lowering our energy intensity rate by 13% and cutting our greenhouse gas emissions rate by 14%, year on year. Salini Impregilo has obtained a 100/100 rating in the CDP’s climate change programme, and in 2015, we were recognised by the CDP’s Italian Climate Disclosure Leadership Index (CDLI).

We adhere to rigorous environmental standards throughout the lifecycle of each project, continuously innovating to reduce waste, conserve natural resources, reduce emissions and protect soil and local biodiversity. We have raised the reuse rate of excavation materials by 19%, compared to 2014, for example. And in Panama, we have collaborated with the country’s national parks to rescue and relocate more than 4,100 animals from the area surrounding our works.

The ongoing success of our business sits firmly in the hands of our 30,600 employees. Their health, safety and well-being are top priorities at each and every construction site. In 2015, we introduced a new initiative to strengthen our health and safety practices, creating health and safety leaders, in order to help all employees and sub-contractors take an active role in ensuring a safe workplace. Overall, we reduced our injury rate by 14%, year on year, invested €34.8m in protection and prevention, and delivered more than 637,000 hours of training to employees.

We have taken definitive steps to create a strong future for our business and our industry, including the recruitment of 100 of Italy’s top engineering graduates through our ‘Tomorrow’s Builders’ campaign, and collaborating with Milan’s Polytechnic to launch a new Master’s in International Construction Management. By equipping both current and future employees with the skills and knowledge required to succeed in the construction industry, we are reinforcing our commitment to support sustainable development through high quality, resilient infrastructure.

In 2016, our 110th anniversary, we will retain our keen focus on maintaining high performance standards, improving people’s lives through large scale infrastructure projects, supporting local communities and protecting the environment, in line with the UN Global Compact’s principles. In addition to completing the expansion of the Panama Canal, we will also inaugurate the Gibe III hydroelectric project in Ethiopia and the Stavros Niarchos Cultural Centre in Athens, which has achieved the Leadership in Energy and Environmental Design (LEED) Platinum certification, the highest possible sustainable building ranking.

Finally, I would like to thank all our employees, whose hard work and dedication has allowed us to achieve these results, as well as our wider group of stakeholders for their continued support. I welcome your feedback and views on our progress, as we move forward together on our journey to build a better world for current and future generations.

Yours sincerely,

Pietro Salini