Code of Ethics

Eni was one of the first European companies to adopt a Code of Conduct, with the first edition dating back to 1994.
On March 14, 2008, The Board of Directors approved the new Code of Ethics, together with the new Model 231, of which form an integral part, with the aim to highlight the importance of sustainable development – company's responsibility to the countries where it operates, safeguarding of third generations rights, defence and promotion of human rights – besides the general principles which represent the value system of the Company and the Group.

The Board of Directors has, indeed, deemed it fundamental to provide a clear definition of the value system that Eni recognizes, accepts and upholds and the responsibilities that Eni assumes internally and externally in order to ensure that all business activities are conducted in compliance with laws, in a context of fair competition, with honesty, integrity, correctness and in good faith, respecting the legitimate interests of all stakeholders with which Eni relates on an ongoing basis: shareholders, employees, suppliers, customers, commercial and financial partners, and the local communities and institutions of the Countries where Eni operates.

These values are stated in the Code of Ethics and all the people  working for Eni, starting from the management, are committed to observing and enforcing these principles within their function and responsibility. The belief of working for the advantage of Eni does not justify behaviours that are in contrast with such principles. The Guarantor for the Code of Ethics acts for the protection and promotion of these principles and every six months presents a report on the implementation of the Code to the Internal Control Committee, to the Board of Statutory Auditors as well as to the Chairman and the CEO, who reports on this to the Board of Directors.
The Code represents furthermore a general principle of Model 231, of which it is an integral part, that cannot be waived.
Synergies between the Code of Ethics and Model 231 are also confirmed by the assignation of the role of Guarantor of the Code of Ethics to Eni Watch Structure, established by Model 231. Similarly, each of Eni subsidiaries assigns the function of Guarantor of the Code of Ethics to its Watch Structure.

The Code of Ethics is applied to all Eni direct and indirect subsidiaries, in Italy and abroad. Listed subsidiaries and the subsidiaries of the gas sector subject to unbundling regulation adopt the Code, adapting it - when necessary - to their peculiar features, consistently with their decision-making process. The representatives appointed by Eni in the company bodies of associates, in consortia and in joint ventures promote the principles and contents of the Code within their own respective areas of competence.
Eni commitment to dissemination of these principles is also strengthened by the establishment of a specific Team for the promotion of the Code of Ethics, entrusted to supply tools for understanding, interpreting and applying the Code through different initiatives, depending on the different stakeholders involved and addressed to stimulate feedback so that the Code can always be adapted to the sensitivity of the communities where Eni operates.