Page 9 - EniFor2016_Report_eng

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Eni for 2016

| Clear and transparent governance rules

Integrated sustainability in Eni’s governance system envisages:

The BOD‘s central A Sustainability and Board induction The integration Transparent
role in the strategic Scenarios Committee for directors of sustainability disclosure to
guidelines and was set up in 2014 to including principles in the stakeholders also
the Company’s examine integration sustainability issues. internal regulatory through periodic
objectives, including issues between system and in all the roadshows, including
sustainability polices strategy, evolution company processes. the Chairman’s
and strategies. scenarios and presentation to the
business sustainability main institutional
over the medium to investors on
long term. corporate
governance and ESG.

| Integrated risk management model

The Integrated Risk Management Board of Directors
processes:
• enable strategic planning to be Defines the guidelines for managing risks and determines their level
of compatibility with the strategic objectives.
aligned with risk assessments;
• are based on impact assessments Control and Risks Committee/Board of Statutory Auditors
concerning financial, social, Supports the BOD in defining the guidelines
environmental and reputational for managing risks.
aspects; Chairman
• are conducted using quarterly
analyses of the risk profile; Chief Executive Officer
• cover all the business lines Submits the main risks, based on the risk profiles of the Business
and 20 processes (95% of Lines and the individual processes, to the BOD for examination.
performance on cash flow, Risks Committee Compliance Committee
production and capex);
• have identified approximately Composed of Top
Management and chaired
150 risks, including around 20 by the CEO with an
Top Risks, grouped into strategic, advisory capacity.
external and operational risks; Integrated Integrated
• involved 64 subsidiaries across Risk Management Compliance
22 Countries in 2016.
st
Risk profile analysis is also carried 1 level Risk Owners’ line manager
Assesses, manages and monitors the relevant risks.
out using a long-term perspective nd Control and Risk Functions monitor the main risks ensuring
and, as part of this, analysis of 2 level that they are dealt with efficiently and effectively.
the risks associated with climate 3 level Internal Audit
rd
change are particularly important. Provides independent assurance to the previous two levels.