BRAND IDENTITY
The Six-Legged Dog: Eni's brand identity and history
Company
Governance
Sustainability
Vision
Actions
Products
Vision
Actions
Energy Diversification
Technologies for the transition
Technologies for the transition
Partnership for innovation
Activities around the world
Investors
Media
Careers
Our business model
Eni is a global energy company engaged in the exploration, development and extraction of natural gas and oil, power generation from traditional and renewable sources, refining and chemicals. Sustainability goals permeate the business at every level.
A fair and inclusive transition to create value in the long term
We are an integrated energy company that wants to contribute to a socially equitable energy transition through solid and economically sustainable solutions. Our business model aims to create long-term value for all stakeholders by being present throughout the energy value chain. Our company mission includes the Sustainable Development Goals (SDGs) of the United Nations 2030 Agenda. We are committed to helping ensure energy security by leveraging a global portfolio and strategic alliances with producing countries. At the same time, we are implementing a transition strategy based on a technologically neutral and pragmatic approach aimed at maintaining the competitiveness of the production system and social sustainability. We leverage the diversification of our geographical presence, the differentiation of energy sources according to the principle of technology neutrality and the ability to seize growth opportunities in different sectors.
Our integrated model combines the use of proprietary technologies with the development of an innovative satellite model, which involves the creation of dedicated companies capable of independently accessing the capital market to finance their own growth and showcase the real value of each business. In the way we operate, the ability to build a network of partnerships and alliances with stakeholders and the countries in which we operate is central to ensuring active involvement in defining Eni's activity and transforming the energy system.
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The pillars of our business model
We combine our business plan with the principles of environmental and social sustainability, articulating our actions along five lines:
Carbon neutrality by 2050
We have begun a process that will lead to the decarbonisation of our processes and products by 2050, considering the emissions generated throughout the energy product life cycle. Through existing and evolving technologies, we aim to reduce our carbon footprint, both in terms of net emissions and net carbon intensity. In this context, we believe that natural gas plays the role of a bridging energy source in the transition, due to its accessibility, reliability, versatility and lower carbon content compared to other traditional fuels, and as a complement to other technological and energy solutions that will become increasingly important in meeting energy demand.
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Environmental protection
We are committed to environmental protection by pursuing innovative solutions aimed at reducing the impact of our operations, ensuring an efficient use of natural resources, the protection of biodiversity and water resources and the promotion of development models based on the regenerative principles of the circular economy, with the goal of maximising waste recovery and valorisation.
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The value of our people
We recognise the value of our people as a key factor in the company’s success and therefore ensure a working environment free from all forms of discrimination, in order to foster the full development of each individual’s potential, while promoting a culture based on knowledge sharing. We also comply with the highest international standards in health and safety and adopt appropriate measures to protect people and assets.
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Alliances for Development
We support the reduction of energy poverty in the countries where we operate by integrating the development of industrial projects with initiatives targeting host communities, transferring our know-how and skills to local partners. According to the “Dual Flag” approach, we act with respect for individuals, with an understanding of local needs and a willingness to work alongside countries to promote sustainable development, also through partnerships with nationally and internationally recognised stakeholders. In these countries, we promote initiatives in support of local communities to foster, in addition to energy access, economic diversification, education and training, community health, access to water and sanitation services and land protection, in collaboration with international partners and in line with National Development Plans and the 2030 Agenda.
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Sustainability in the value chain
We promote the sustainable development of our supply chain, recognising its key role in the transformation path we have undertaken. Through a systemic and inclusive approach, Eni shares values, commitments and targets with its suppliers, involving them in a process of growth. Also through Enilive and Plenitude, we support our customers by offering cutting-edge energy solutions to help them play a leading role in the energy transition and we communicate transparently, providing high-quality products and services aligned with their needs.
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Our activities: the value chain
Eni's distinctive strategy addresses the challenges and maximises the opportunities of the energy market. The company fully exploits its traditional activities and competencies, while accelerating the development of new high-yield, high-growth activities related to the energy transition. Eni's reach extends to end markets, selling gas, electricity and products directly to retail and business customers and in local markets.
This balanced approach ensures sustainable, secure and accessible energy for customers, while generating competitive growth and consistent returns for the company and its investors. Our remuneration policy integrates progressive growth in shareholder value into our strategy. Our model prioritises payout, supporting it through a percentage of operating cash flow and linking it transparently to company performance.
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Our commitment to sustainability
We address the challenges and opportunities of the energy world with the aim of achieving environmental sustainability while ensuring energy security, respecting economic and social equity.
Eni for 2024. Check out our interactive feature
Read the stories, case studies and testimonials behind our contribution to a socially equitable energy transition in the Sustainability Report.
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