Page 4 - EniFor2016_Report_eng

2 Eni for 2016

Message to

our stakeholders

Eni for 2016 is an opportunity will be further amplified thanks ESG event dedicated to investors
to evaluate the three challenging to our collaboration with the on September 30, 2016 in
and exciting years which, governments, the civil society and Paris. A strategy to reconcile
despite the complex global the universities. financial stability with social and
context, have strengthened and As operators in the energy field environmental sustainability, in
accompanied us on the path we therefore have the order to create long term value for
of growth and transformation. responsibility of facing and all the stakeholders. To implement
From a divisional structure resolving two great challenges: these strategic guidelines Eni is
with duplicated functions maximising access to energy and leveraging on three key levers:
and processes, Eni has combatting climate change. • A well-defined path to
become an integrated energy The world today is witnessing decarbonisation;
company. The exploration enormous and unacceptable • An Operating Model that
and production activities have differences, gaps and reduces risks as well as
been further reinforced and the contradictions between the environmental and social
mid-downstream, gas, refinery “North and South” of the planet impacts;
and chemical businesses have that has come to host more • A Cooperation Model with
been restructured, have been given than seven billion people, 82% the hosting Countries.
new life and, after years of losses, of whom are concentrated in These are the basic elements of
have become newly profitable. non-OECD Countries with an our corporate culture which we
This was not a simple journey. average GDP of about 5000$ will analyse and highlight in this
It was necessary to change Eni per capita, that is 7 times lower report.
into a more agile and resilient than in OECD Countries. The size
company and this has been of this difference is even more 1. Firstly, Eni’s commitment
achieved thanks to all the Eni noteworthy, considering that 1.3 in promoting the process of
people, since they are the engine billion people, between Africa energy transition for a low
behind everything. and the Far East, still do not have carbon future that mainly lies in
It is their contribution and their access to electrical energy, and reducing its activities’ emissions,
ability to engage successfully 2.7 billion people use biomass to developing renewable energies
with the great challenges we are cook, risking serious damage to and guaranteeing access to
facing, because the private sector their health. The real contradiction energy. With our plan to reduce
can and must play a crucial role is that in these Countries are GHG emissions, in 2016 we have
as the engine of sustainable concentrated approximately 90% continued to reduce the emissions
development, balancing the of the world’s energy resources intensity index by 9% and we will
business goals and the local that represent a driver of potential continue to do so in order to reach
socio-economic growth, over wealth for developing economies. the 43% reduction goal in 2025.
the long term. While fighting energy poverty We will also continue to increase
That’s why we measure ourselves which hinders the development natural gas production, the bridge
against the UN Sustainable to which every human being is towards a low carbon future,
Development Goals (SDGs) entitled, there is also the need to and to develop projects in Italy
and in 2016 I have confirmed reduce the environmental impacts and abroad to install a capacity
my presence on the Board of as to guarantee a sustainable of 463 MW from renewables
Directors of the SDG Centre future for everyone. by 2020. Our clear and effective
for Africa with headquarters in In order to meet these decarbonization strategy has also
Kigali, Rwanda, so as to reinforce important challenges, which received an important recognition.
our involvement in devising are characteristic of the energy Eni is the only major Oil & Gas
concrete solutions to ensure the sector, Eni has defined a clear company included in the CDP’s
development of Countries in which long term integrated strategy “A List”, which is the reference for
Eni is present. This commitment, that was also presented at the investors in the evaluation of the