Eni at WEC



The subject of the debate:

• Transparency and compliance with standards such as relevant safety procedures and a prudent approach to new technologies. It does not only refer to external rules, as laid down by regulators, but also to internal rules laid down by the company itself which arise from its values and from the sustainable development model the company has adopted.

Our initiatives:

• In the past years Eni has actively taken part in the fight against corruption by expressly prohibiting in its Code of Ethics "practices of corruption, unlawful favours, collusive behaviours, direct or indirect solicitations for personal benefits and career gains for oneself or for others." All Eni personnel are required to comply with the Code of Ethics, which must be expressly accepted by all suppliers during their qualification process.
• By adhering particularly to the 10th Principle, Eni is committed to respect the principles of the United Nations Convention against Corruption (UNCAC), of the OECD Convention on preventing the corruption of foreign public officials involved in international economic transactions and of the Business Principles for Countering Bribery issued by Transparency International.
• Eni was one of the first European companies to adopt a Code of Practice, with the first edition dating back to 1994. In 2007, the company adopted a new Code of Ethics which was approved, together with the new Model 231, on 14 March 2008 and contained a number of important new innovations.
• 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.



The subject of the debate:

• The entitlements of people, above all civil liberties, including the priviledges of future generations. Furthermore, the entitlements of countries and communities, which must be able to utilize their natural resources to create opportunities for development.

Our initiatives:

• Eni's commitment to Human Rights, which is based on the United Nations paradigm "Protect, Respect and Remedy", has in recent years been translated into the following initiatives: 2007 saw the introduction of Guidelines for the Protection and Promotion of Human Rights. In 2008, the Human Rights Compliance Assessment project was launched.
• Eni launched the Human Rights Compliance Assessment (HRCA) project in order to find definitive responses to a series of questions concerning the merits of its effective capacity to minimise the risk of violating human rights and in the complicity in violations carried out by third parties that occur within its sphere of influence.
• Starting from Mattei, Eni has implemented a new way of developing a relationship in equal terms with oil-producing countries, which even then disrupted the existing logics and today allows us to be in the lead with the national oil companies possessing the supplies through strategic partnership agreements and the development of common integrated projects in several countries



The subject of the debate:

• The public standing of a company that can take a lifetime to create but can be destroyed in seconds. A commitment to sustainable development can help to safeguard a company’s reputation

Our initiatives:

• "Today like never before, companies play a crucial role and have a great social responsibility...a crisis of this magnitude might perhaps "clear the fog" and redefine priorities. Those, like Eni, who have operated in a fair and responsible manner will come out strengthened. Over time we have built a strong social memory, and our stakeholders are unlikely to perceive any discrepancies between our set of values on the one hand, and our conduct on the other. This is the essence of a solid reputation."
  Paolo Scaroni, by  conversation with  con Ernest Moniz
• Eni confirms its place on the Dow Jones Sustainability World and Europe indexes
• The path undertaken by Eni and the proven commitment with respect to Sustainability have led in recent years to important awards and recognitions