Eni S.p.A.

Eni is a global energy company, active at every stage of the value chain: from natural gas and oil to co-generated electricity and renewables, including traditional and biorefining and chemicals. It operates at all levels of the market, right down to the end-user. By 2050, all Eni’s products and processes will be fully decarbonized, thanks in part to CO₂ capture and storage initiatives as well as forest conservation projects (REDD+ initiatives).

Purpose

We are an energy company. We concretely support a just energy transition, with the objective of preserving our planet and promoting efficient and sustainable access to energy for all. Our work is based on passion and innovation, our unique strengths and skills, the equal dignity of each person, recognizing diversity as a key value for human development, and the responsibility, integrity, and transparency of our actions. We believe in the value of long-term partnerships with the countries and communities where we operate, bringing long-lasting prosperity for all.

Claudio Descalzi

Chief Executive Officer, Eni S.p.A.

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We believe it is vital to state clearly to the world the set of our beliefs about Inclusive Capitalism. As such, we start with our Statement of Guiding Principles for Inclusive Capitalism. Knowing that words alone are not enough, each of us is making a series of commitments about how we will operate our institutions so that they help achieve Inclusive Capitalism. These commitments are forward-looking statements based on current goals, expectations and assumptions, which are not guarantees of future performance. For more information, please refer to our Terms of Use

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Summary

Eni commits to net zero GHG Lifecycle Emissions (Scope 1+2+3) by 2050 and intermediate reduction targets: -25% of Net GHG Lifecycle Emissions by 2030 and -65% by 2040 vs. 2018

Activities & Initiatives

Eni wants to play an active role in the path towards achieving the objectives of the Paris Agreement, which aim to keep average global warming within the threshold of 1.5 °C by the end of the century. Our commitment to decarbonizing all our products and processes by 2050 is in line with these challenging objectives. In addition, to ensure full visibility of our path, we set intermediate emissions reduction targets for 2030 and 2040.

Measures & Targets

Eni aims to achieve by 2050 the net zero target on GHG Scope 1, 2 and 3 emissions (Net GHG lifecycle emissions reported in MtCO2eq), with intermediate targets of 25% reduction by 2030 and 65% reduction by 2040.

Eni has developed a rigorous methodology for the comprehensive measurement of GHG emissions. This method considers scope 1, 2 and 3 emissions, both in absolute and relative terms, related to energy products sold, whether derived from our own or purchased production.

SDG Focus Area(s):

Summary

Eni commits to net zero carbon intensity (Scope 1+2+3) by 2050 and intermediate reduction targets: -15% by 2030 and -40% by 2040 vs. 2018

Activities & Initiatives

Eni wants to play an active role in the path towards achieving the objectives of the Paris Agreement, which aim to keep average global warming within the threshold of 1.5 °C by the end of the century. Our commitment to decarbonizing all our products and processes by 2050 is in line with these challenging objectives. In addition, to ensure full visibility of our path, we set intermediate emissions reduction targets for 2030 and 2040.

Measures & Targets

Eni aims to achieve by 2050 the net zero target on the ratio between absolute net GHG emissions (Scope 1+2+3) across the value chain of energy products sold and the amount of energy included in them (gCO2eq/MJ).

Eni has developed a rigorous methodology for the comprehensive measurement of GHG emissions. This method considers scope 1, 2 and 3 emissions, both in absolute and relative terms, related to energy products sold, whether derived from our own or purchased production.

SDG Focus Area(s):

Summary

Eni commits to a net zero carbon footprint (Scope 1+2) by 2030 (upstream activities) and by 2040 (all group activities).

Activities & Initiatives

To reduce scope 1 and 2 emissions accounted for on an equity basis to net zero by 2030 in upstream activities and by 2040 in all group activities

Measures & Targets

Net zero Carbon Footprint for Scope 1 and 2 emissions from upstream activities by 2030.

Net zero Carbon Footprint for Scope 1 and 2 emissions from all group activities by 2040.

SDG Focus Area(s):

Summary

Eni commits to zero routine flaring by 2025

Activities & Initiatives

One of the drivers for reducing the emission intensity of the upstream sector is the progressive reduction of routine flaring (so-called process flaring). Eni aims to eliminate gas sent to routine flaring by 2025 on operated assets and is active in specific programmes for gas valorization through the production of electricity for local populations, distribution for domestic consumption or export.

Measures & Targets

"Zero Routine Flaring” by 2025

SDG Focus Area(s):

Summary

Eni is committed to gender diversity within its workforce by increasing female employment by at least 3 percentage points by 2030

Activities & Initiatives

Eni is committed to creating a working environment where different personal and cultural characteristics or orientations are considered a source of mutual enrichment and an indispensable element of business sustainability, both through constant individual involvement and responsibility and through communication and awareness-raising actions by top management towards all employees. Regarding gender diversity, Eni pays particular attention to the promotion of initiatives to attract female talents at a national and international level and the development of managerial and professional growth trajectories for women in the company. This commitment is confirmed by the main employment and development indicators monitored to enhance the presence and development of women.

Measures & Targets

  • Commitment to keeping turnover of female staff higher than that of male staff (Short-run target 2021).
  • Enhancement of female employment in all professional fields (Medium-run target 2022-2024)
  • Increase in female employment by at least 3 percentage points by 2030 (Long-run Target 2030 and beyond)

SDG Focus Area(s):

Summary

Eni will expand access to improved energy cooking services to 15,400 households in Angola, Ghana, and Mozambique between 2021-2024

Activities & Initiatives

Fighting energy poverty is the first step to meet the primary needs related to education, health and economic diversification, and ensuring universal access to energy in an efficient and sustainable manner is the main challenge for the energy sector in the transition process towards a low-carbon future. Eni contributes to fight energy poverty also through several initiatives in clean cooking projects to combat exposure to toxic fumes and reduce forest exploitation. In 2019, 2.6 billion people worldwide still do not have access to clean cooking.

Measures & Targets

Commitment to deliver universal access to affordable, reliable, and modern cooking services by 2030. Eni commits to expanding access to improved energy cooking services to 15,400 households in Angola, Ghana and Mozambique between 2021-2024.

SDG Focus Area(s):

Summary

Eni will ensure access to quality and inclusive education for students from local communities ensuring between 2021-2024 to almost 67,300 students attending schools.

Activities & Initiatives

Ensuring access to quality and inclusive education for all children is a key priority for the company because the investment in the human capital is the most important one for a nation to ensure a better future to the next generation. Eni develops education initiatives starting from the pre-primary up to the graduate and post graduate level to insure that young people are well prepared and ready to face the big challenges and give a substantial contribution to their country.

Measures & Targets

67,300 students attending schools that were renovated and with services improved by Eni (2021-2024)

SDG Focus Area(s):

Summary

Conducting annual water risk analysis analyzing specific areas where Eni’s operational assets are located, to identify possible criticalities or areas for improvement

Activities & Initiatives

Eni recognizes that water is essential for humankind and the planet and that the protection of such a limited and increasingly exploited resource is central to the path of sustainable development. Eni is committed to the optimal management of water resources in all phases of activity, in harmony with the needs of the territory and in line with the United Nations Sustainable Development Goals, in order to reduce water risk, promote social development and safeguard ecosystems

Measures & Targets

Eni annually carries out the water risk analysis of its operations and commits to minimize its freshwater withdrawals in water stressed areas

SDG Focus Area(s):

Summary

Respect Human Rights by implementing the UN Guiding Principles on Business and Human Rights in its own operations and expects its business partners to respect the Human Rights

Activities & Initiatives

Realize Eni’s vision on human rights, built on the dignity of every human being and on companies’ responsibility to contribute to the well-being of local individuals and communities.

Measures & Targets

Eni is committed to respecting human rights by implementing the UN Guiding Principles on Business and Human Rights in its own operations and expects its business partners to respect the human rights with regard to the activities assigned to or carried out with them as well as to the activities they may carry out in Eni’s interests.

Eni focuses its approach and management system on the identified salient human rights issues related to its activities that are grouped in 4 areas: human rights i) at workplace; ii) in business relationship; iii) in security services; and iv) in hosting communities. For each of this cluster Eni is implementing risk-based models to identify the possible impacts and the way to manage them properly in order to safeguards right-holders in a continuous improvement perspective and by progressively extending the scope of its human rights due diligence process to additional business areas.  Eni uphold the Voluntary Principles on Security and Human Rights (VPI) and it is committed to implementing them as Engaged Corporate Participant.

Eni is committed to being accountable and transparent on its approach by participating at the main initiatives on human rights and transparency (e.g. Corporate Human Rights Benchmark, the Workforce Disclosure Initiative), publishing annually Eni for Human Rights (a thematic report) and submitting an annual Communication on Progress (CoP) to communicate its efforts to support and uphold the Ten Principles of the UN Global Compact.

SDG Focus Area(s):

Summary

Eni will undertake a periodic assessment of the consistency between the various low carbon policy positions of business associations Eni joins and Eni’ public policy positions on major international climate and energy transition dossiers.

Activities & Initiatives

Eni recognises the need to be clear, consistent and transparent in its advocacy activities addressing climate change and the energy transition. Eni acknowledges the value of actively participating in the work of business associations and its membership of various organisations is driven by Eni’s climate policy vision alongside the willingness to support the achievement of the goals of the Paris Agreement.

Measures & Targets

Update periodically the consistency between the various positions of business associations and Eni’s specific view; the results of each assessment will be presented to Eni’s Board of Directors and will be publicly disclosed.

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