Impianto fotovoltaico

Integrating sustainability into our business model

For Eni, sustainability means contributing to a socially just energy transition that guarantees access to energy for everyone, while protecting the environment.

5 min read
5 min read

Moving towards a just transition to create long-term value

The key challenge within our sector is to provide access to efficient, sustainable energy that is universally available to a global population that is growing in both demographic and economic terms whilst also fighting climate change. This is a challenge that will determine new consumption models, and one that is already having an impact on the way we produce energy.

This being the case, we have set ourselves a strategic objective, namely to achieve carbon neutrality by 2050, i.e. to totally eliminate our carbon footprint, in terms of both net emissions and net carbon intensity. Putting our customers at the heart of what we do, we aim to be offering them by then a range of energy products that are fully decarbonized, taking into account all of the emissions generated throughout their life cycles (Scopes 1, 2 and 3).

Indeed, our activities extend to our end markets, where we sell gas, electricity and products to retail and business customers and local markets.

And in order to support our growth and that of our host countries, we have incorporated the 17 United Nations Sustainable Development Goals (SDGs) into our mission , making specific commitments for each of them.

Eni's business model

Eni organically includes the principles of environmental and social sustainability in its business plan, basing its range of actions on three pillars:

  1.  operational excellence
  2. carbon neutrality by 2050
  3. partnerships for development

The Eni business model is developed on these three pillars, leveraging internal skills, the development and application of innovative technologies and the digitization process. The core factor of the business model is the Corporate Governance system, inspired by the principles of transparency and integrity,

Operational excellence

This translates into an ongoing commitment to valuing people, safeguarding both the health and safety of people and asset integrity, protecting the environment, integrity and respect for human rights, resilience and diversification of activities and ensuring sound financial discipline. These elements allows Eni as an energy company to seize the opportunities related to the possible evolutions of the energy market and to continue on the path of transformation.

Carbon neutrality by 2050

It is based on an approach oriented to emissions generated throughout the life cycle of energy products and on a set of actions that will lead to the total decarbonisation of processes and products by 2050. This path, achieved through existing technologies, will allow Eni to totally reduce its carbon footprint, both in terms of net emissions and in terms of net carbon intensity.

Alliances for development

Through the enhancement of the resources of the Countries where it operates, promoting access to electricity and promoting Local Development Programmes (LDPs) with a broad portfolio of initiatives in favour of communities. This distinctive approach, referred to as Dual Flag, is based on collaborations with other internationally recognized players in order to identify the needs of communities in line with the National Development Plans and the United Nations 2030 Agenda. Eni is also committed to creating job opportunities and transferring its know-how and expertise to its local partners.

Responsible and sustainable approach

Sustainability is part of every aspect of our business. This link is achieved by integrating the 17 Sustainable Development Goals of the UN 2030 Agenda into our mission. For each of them, we have defined goals to be achieved in the short (2021-2024), medium (2025-2030) and long term (by 2050).

See the following infographic to discover Eni's business model in relation to:

  • the commitments made by the company
  •  the main 2020 results
  • the SDGs that we contribute to

PDF 1.91 MB

Eni's activities: the value chain

Eni is a global energy company that has a presence along the entire value chain, including exploration, oil and natural gas development and extraction, power generation from cogeneration and renewable sources, traditional and bio-based refining and chemicals and the development of circular economy processes. Eni’s reach extends to its end markets, selling gas, electricity and products to retail and business customers and local markets.

One of our competitive advantages is the ability to reduce the time-to-market of reserves, which together with efficient exploration helps to ensure a resilient asset portfolio to the scenario.

Pannelli solari e pale eoliche

Our integrated operations

We work in 68 countries. Our goal is to achieve carbon neutrality and promote access to energy resources in an efficient and sustainable way for all.

see more

Sustainability governance

The central role played by Eni’s Board of Directors in the management of the main issues relating to climate change, sustainability and corporate debate on strategic issues is evidence of sound, cutting-edge governance. They are supported by specific Committees and the Advisory board, which includes some of the leading international experts in the energy sector.

Go to Eni's governance

Integrating sustainability into our business model
Integrating sustainability into our business model
PDF 25.75 MB
PDF 17.11 MB
PDF 2.48 MB
PDF 6.23 MB
PDF 7.50 MB