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Transparency

The increasing integration of the concept of transparency in its system of management led  Eni to adhere in 2005, to the Extractive Industries Transparency Initiative (EITI)  launched in 2003 by the British government following the commitments undertaken at the World Summit on Sustainable Development in Johannesburg.

 

  • Participation in the EITI Participation in the EITI
  • The iniziative in Congo The iniziative in Congo
  • Operating dataOperating data
  

The initiative aims to make transparent the payments made by extracting companies to the governments of the countries that own mineral resources and is aimed at both the extractive companies and governments. The former are expected to make public the total and type of payments that are made to governments/state-owned companies; while governments are asked to ensure adequate accounting of oil revenues and the use to which they are put.

Eni, in addition to promoting the implementation of the initiative in the countries in which it operates where the local governments have already adhered to the EITI, is committed to playing, in cooperation with the Ministry of Foreign Affairs, a role as facilitator in those countries of relevant interest to the company where governments, while displaying interest in the initiative, have still not formally signed up to it.

Eni's commitment to transparency as a tool in governance is strengthened also by an interest in the Partnering Against Corruption Initiative (PACI) promoted by the Wold Economic Forum for the application of the Business Principles for Countering Bribery of Transparency International. Of note in this context, is the adhesion of Eni Oil do Brasil to the Zero Tolerance Initiative  (ZTI).

In Kazakhstan Eni disclosed the 2007 and 2008 data to an auditor company, in compliance with a procedure required for the drafting of the third EITI report. In Norway, Eni joined the multi-stakeholders group, which supervises the process, and cooperated in the drafting of the new EITI regulations and reporting templates. On January 21st 2010, Norway became the first OECD member State to publish a report on the payments received from oil companies within the EITI's frame. In Italy, the royalties received from the Government are published by the National Mining Office for Hydrocarbons and Geothermal Energy.

In East Timor, Eni contributed to drafting the first EITI report; it is a founding member of the multi-stakeholders working group, and was involved in the agreement aimed at creating reporting guidelines and templates, as provided by EITI.

In Nigeria, Eni participates in the implementation of the EITI by disclosing the information needed to carry out the audits for the reconciliation of the payments made to the Government by the industries of the extractive sector.



Congo joined EITI in 2004 and in 2008 the country has been accepted as "candidate for the implementation of the initiative" by EITI's Board of Directors. With a view to implementing the initiative in the country in 2006, a presidential decree was issued that foresaw the creation of an Executive Committee, of which Eni has been a member together with the other oil companies, civil society and Government representatives. In order to become a permanent member of the EITI and pass the validation process (in 2010) Congo, in February 2008, developed and approved an Action Plan (2008-2010) that:

  • makes public and accessible the state's revenues from petroleum production and mining (the oil sector accounts for more than 80% of the state's income) and, in general, all revenues received by the state from companies operating in the extraction sector;
  • foresees independent auditing and certification of state accounts and those of the government bodies and, in general, companies operating in the country; 
  • will produce a reconciliation by an independent body of the state's revenues with the payments made by oil companies;
  •  will promote active involvement in civil society;  
  •  will raise finance for the implementation of the Plan.

In August 2009 , Congo issued its first Oil Revenues Conciliation Report ( 2004 -2006)

Payments made to Governments who joined EITI 2009

Country Year*
Total (k)
Currency USD conversion
Kazakhstan (KPO) 2008
38,428,609
KZT
260,408.30
845,799
USD
 -
Kazakhstan (KPO) 2008
3,149,931
KZT
21,345.25
25,210
USD
-
Norway 2008
10,280,934
NOK
1,636,804.70
Timor Est 2008
257,322
USD
-
Nigeria 2008
514,659
USD
-
Congo 2004-2006
283,674
USD
-
* Last f scal year covered by the local data and in which disclosure EITI was carried out.


Royalties paid in Italy 2009

Production year
Total (k)
Currency
Italy 2008
159,390
Euros
 - in Basilicata* 2008
82,377
Euros
* Basilicata region and municipalities in which Eni operates.



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Last updated on 28/04/10