CORPORATE GOVERNANCE

Eni Governance Awards

2009

In December, Eni confirms, for the second consecutive year, its first place in "H&H Webranking Italy Top100" and in "H&H Webranking Awards Europe 2009", the ranks awarding the quality of company website communication of the 100 major Italian companies for capitalization and of the 500 European ones.

In particular, Eni has emerged as the best Italian website for corporate governance section, obtaining 7 points on 7,5. This result improves the last year score, and appears also in contrast to the mean score obtained by the Italian companies, down from last year and with very low results on corporate governance section.

According to Hallvarsson & Halvarsson, the financial communication company that realized the rank, through the evaluations suggested by various experts (analists, journalists and investitors) from all Europe, Eni success is due to a great level of disclosure about relevant information (such as the ones regarding management, remuneration, future strategy) through a clear, accessible and fair presentation style.

In November, Eni confirmed its second place in the Accountability Rating Italy – 2009, as in 2008 also. This rank assesses the level of accountability of companies, i.e. their responsibilities with respect to stakeholders, defined as the capacity to explain and justify corporate actions and assume responsibilities with respect to parties that retain interests with respect to the Company.
The score of Eni within the Governance & Management Systems area increased from 17.1 to 17.9 out of a total of 25. The ranking was calculated by SCS Consulting by means of the international research methodology, "Accountability". For more details, refer to: sustainability/ awards and recognitions.
In September, GovernanceMetrics International of New York (GMI) assigned a global rating of 9/10 to Eni, thereby confirming its February evaluation. This result is particularly significant if one considers that – on the basis of 52 monitored Italian companies - GMI assigns a rating of 5.6/10 to Italy. The GMI rating covers 4,200 international companies, including all the companies present within the stock indices "MSCI World" and "MSCI EAFE Index" and it is exclusively dedicated to assessing corporate governance for financial markets.
In the half-year audit of September 2009, Eni continued to be part of the FTSE4Good index which also includes governance elements.
Eni has been confirmed within the Dow Jones Sustainability Index World 2009 and STOXX 2009, thereby demonstrating for the third consecutive year that it excels - at an international level - in the area of sustainable development of its activities; this was also due to its high score in the corporate governance area.

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Eni is recognised as the world's most sustainable company in the oil and gas sector among the companies included in the Dow Jones Sustainability Index, also thanks to a high score in the corporate governance area. It is the first time that an Italian company has led its sector. In addition, its stock has been included in the DJSI STOXX, the index which refers to European companies, and has been reconfirmed in the FTSE4GOOD

Company Performance in Corporate Governance – Economic Criteria

Company Performance in Corporate Governance - Economic Criteria

For more details see Sustainabilty Indexes

Eni ranks second in the Accountability Rating Italy – 2008. The Accountability Rating Italy evaluates the 40 companies of the FTSE MIB index on the basis of public domain information in four key areas: Strategic Intent, Governance and Management, Engagement and Operational Performance. Eni got a score of 17.1 out of 25 in the Governance and Management area.

The ranking is drawn up by SCS Consulting using the methodology of Accountability, the international non-profit think-tank whose mission is to promote accountability innovations for sustainable development.

Eni stock is admitted to the Dow Jones Sustainability Index and FTSE4GOOD, which are open only to companies that have demonstrated the sustainable management of their business on the basis of environmental, economic and social criteria. The admission to such indexes has been possible also with the contribution of a corporate governance level which has always been in line with the highest standards.
GovernanceMetrics International of New York (GMI) raised again to 8 the global rating of Eni.

In the classification of Fortune Magazine relative to 500 major global companies (in terms of size, i.e. turnover), Eni was ranked 27th and second amongst the 10 Italian companies of this ranking.
GovernanceMetrics International of New York (GMI) announced its update to 7.5 of the global rating assigned to Eni. The score assigned to the companies analyzed by GMI ranges from 1.0 (minimum score) to 10.0 (maximum score).
Eni was also awarded the Petroleum Economist Award for transparency in corporate communications during a competition which also involved BP, BG Group, China Light & Power Group and EDF Group as finalists. The award is assigned each year to the company which demonstrates the most obvious improvement with respect to the previous year in terms of transparency and approach towards financial communication and business representation. The criteria used for assigning the award include transparency in financial communications and in positive and negative events concerning operational sectors such as risk management and the renewal of reserves as well as realistic reporting of business trends.

Eni was ranked first amongst Italian companies and 30th in the overall ranking of the 2,000 most important companies in the business and finance sector, drafted by Forbes; it was ranked 1st among the eight Italian companies which were included in the ranking on the basis of the S&P 350 Index.

Governance Metrics International of New York (GMI) – after taking into accounting the governance systems of 2,100 companies, including 32 Italian firms – assigned a global rating of 6.5 to Eni.
The consulting company Dèminor also specified Eni as the only Italian company present within the ranking of the top three companies in terms of awareness with respect to issues relating to the rights and duties of shareholders, transparency and the composition of the Board of Directors.

In the first rating created by Governance Metrics International of New York (GMI) – the first global agency for corporate governance ratings - Eni obtained a score of 6 (compared to the overall Italian market average of 6.5).

Eni was fifth (eleventh in 2001) and confirmed first among Italian companies, in the ranking relative to the application of corporate finance principles on the part of 50 listed EU companies with the highest level of capitalization and which are part of the Eurostoxx50 index, drafted by the German investment company DWS (Deutsche Bank Group), in collaboration with Dèminor .

The consulting company Dèminor cited Eni as one of the Italian companies which most effectively managed to interpret and apply corporate governance norms relative to the organizational structure of the Board and of the committees composing it.