Building what matters, sustainably – 2015 Report

Economic impact

Economic impact

What we do creates long-lasting value for clients, end-users, employees, partners and societies worldwide.

Our financial strength

The stronger SNC-Lavalin is financially and the more streamlined and efficient, the greater its capacity to win and deliver projects that contribute to local economies. In 2015, we posted our best financial results of the past four years despite market and economic challenges. Given our diversified backlog and solid long-term outlook and cash position, we also raised our quarterly dividend for the fifteenth consecutive year.

In 2015, our “STEP Change” initiative ramped up overall efficiency and competitiveness across all four business sectors. And in early 2016, we launched our Operational Excellence program to further drive efficiencies and improvements throughout the company. These initiatives help strengthen our long-term sustainability and the economic role we play with various stakeholders and communities.

Contributing nationally, regionally and locally 

Our 37,000 employees are directly improving communities and people’s quality of life. Together we’re contributing to national, regional and municipal economies with revenue-generating projects. These projects deliver the innovative, sustainable solutions the world is calling for.

We’re one of very few firms with the resources, capabilities and experience to invest in, design, build, then operate and maintain infrastructure and facilities that enhance lives. On every project, our goal is to maximize our local presence along with the economic and social benefits to local stakeholders.

How we create stakeholder value

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Our world-class project delivery capabilities have been honed and proven on thousands of global projects.

Sustainable project execution 

Delivering world-class project execution at every life-cycle phase is how we help foster our clients’ prosperity. And to be “world class” today, a project needs to be sustainable in its design, implementation, operation and legacy.

That’s why we strive to consistently apply sustainable technologies and best practices on all client projects. Providing strategies for reducing a project’s environmental footprint and maximizing its life-cycle value is part of our approach. So is creating shared value with our clients and the communities we operate in. For clients, this means successfully delivering projects with low lifetime costs. For communities, it’s about sourcing, hiring and investing locally.

Local Resources Development Initiative: a shared-value approach

Our best-in-class Local Resources Development Initiative (LRDITM) focuses on creating shared value between our projects and local rights-holders, governments and other community stakeholders. It recognizes the intrinsic link between social development and economic impact, and makes strengthening both a key priority in host communities. Since 1997, we’ve partnered with clients to successfully integrate LRDITM into a dozen projects worldwide.

The economic benefits generated by LRDITM include:

  • reducing client costs by using local labour and suppliers
  • improving project profitability
  • creating local jobs
  • building local capacity, opportunities and wealth
  • strengthening local businesses, supply chains
Training hundreds of workers in Saudi Arabia

In partnership with Sinopec Engineering Group (SEG), we’re delivering one of the world’s largest and most advanced sulphuric acid complexes for Saudi Arabian mining and metals leader Ma’aden. Awarded in February 2014, the project continues to progress well.

At the project’s heart is a game-changing training and employment program for the less-developed and -populated Northern Borders region. Our customized, competency-based LRDITM includes in-class and on-the-job industrial technical training, mentoring and coaching. The program’s completion rate stands at 75%; its trainee employment rate at 100%. By May 2016, we have certified 500 trainees.

For more information on LRDITM, see Communities.