Eni’s Model

The financial management of Eni is subject to the control of the Court of Auditors (“Corte dei Conti”) in order to preserve the integrity of the public finances (pursuant to Art. 12 of Law 21 March 1958, no. 259). The control is exercised by a magistrate appointed by the President of that Court, who attends the meetings of the administrative and control bodies.
 

Since January 1, 2024 this task has been performed by the Magistrate of the Court of Auditors Giovanni Coppola, on the basis of the resolution approved on November 7-8, 2023 by the President’s Council of the Court of Auditors.

The Board of Directors defined the inalienable principles of Eni’s Corporate Governance system, identifying integrity and transparency as the founding principles of its system. Furthermore, the Company promotes and participates in a number of initiatives aimed at improving its own system and that of the Nation.

Among other initiatives, the participation in the Enacting Purpose Initiative should be noted. The final report of this Initiative contains insights into how the boards and senior executives can govern their organisation’s purpose, including a new governance framework called SCORE. The final report is available on Enacting Purpose Initiative website and on the Oxford Saïd Business School website.

Eni participated in working groups for in-depth analysis of topics subject to European legislation such as corporate sustainability reporting and sustainability due diligence.

Eni's Corporate Governance system is based on the principles of integrity, transparency and fairness and over the years it has received important national and international awards, in particular for clarity and transparency in communication. The relative Governance results achieved in 2024 shown below.

Eni is at the top of the Webranking Europe 500 (2024-2025), earning second place in the Energy & Utilities sector. The company was also named among the Top 10 companies in Europe in the Europe 500 overall standings, ranking in fourth place. It gained the highest score at European level for the transparency and completeness of ESG information, and the presentation and evolution of corporate identity and activities. 
Webranking, conducted by Lundquist in collaboration with the Swedish company Comprend and now in its 28th edition, is the main European survey in Europe that assesses the transparency of Corporate and financial communication on the digital channels of the main listed companies. This year, 29 Italian companies were included in the Europe 500 (2024-2025) research sample. The research relies on more than 270 evaluation criteria to measure the digital transparency of companies. 

Eni ranked first among the non-financial companies of FTSE-MIB in the Governance Excellence Index (EG Index 2024) of TEHA – The European House - Ambrosetti, aimed at monitoring the quality of corporate governance of Italian listed companies.

The EG Index provides an overview of the main areas of governance systems of listed companies.

The EG Index’s areas of analysis are specifically: shareholding structure and representation, composition and functioning of the Board of Directors, remuneration and incentives mechanism, internal control and risk management system and governance of sustainability.

Eni ranks, therefore, at the top of the ranking, confirming its commitment to governance of excellence, capable of contributing to a strategic and integrated approach to the business model, towards the creation of sustainable value.

Eni confirmed itself also in 2024 among the best companies of ESG Identity Corporate Index (formerly the Integrated Governance Index), ranking second in the TOP10.

The ESG Identity Corporate Index is a quantitative index, based on a survey addressed to companies, which measures the integration of sustainability into business strategies.

The rating of excellence achieved once again in the ESG area is an important evidence of the consistency and determination of Eni's commitment to sustainability and corporate accountability.