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.

6 min read
6 min read

Moving towards a just transition to create long-term value

The main challenge faced by the global energy panorama is to balance two fundamental prerequisites: guaranteeinguniversal access to energy in a world that is growing in economic and demographic terms, while at the same time, tackling climate change by accelerating the transition process towards a more sustainable mix.

The concept of a “just transition” takes into consideration the impact of energy transformation on people, starting with direct and indirect workers, including communities and consumers. Managing the reduction in emissions must therefore also include managing the related social impacts, in other words, it must be inclusive. This not only contributes to equity in the transition, but also renders the policies and actions that are being implemented on the ground more effective.

In this context, Eni aims to achieve carbon neutrality by 2050, i.e. reducing its carbon footprint to zero, thus adhering to the provisions of the Paris Agreement to hold the increase in global warming within a threshold of 1.5°C till the end of the century.

By focusing first and foremost on our customers, we want to offer them energy products and services that are fully decarbonised, taking into consideration all emissions generated along the entire life cycle (Scope 1, 2, 3).

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

  • Operational excellence
  • Carbon neutrality by 2050
  • 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

First of all, Eni business is constantly focused on 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 allow the 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.

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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 (2022-2025), medium (2025-2030) and long term (by 2050).

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

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Sustainability governance

Eni’s Corporate Governance system is based on the principles of integrity and transparency, reflecting the intention of integrating sustainability within the Eni business model. This approach finds confirmation in Eni’s adherence to the 2020 Corporate Governance Code, which became applicable from 1 January 2021. In the scope of “sustainable success”, it identifies the goal guiding the administrative body’s actions and in taking cognisance of the interests of the other stakeholders that are relevant to the Company, finds form in the creation of value over the long-term to the advantage of shareholders. The central role of the Eni Board of Directors is to substantiate solid and progressive Governance in its management of the key issues associated with climate change and sustainability, and in company debate on strategic issues, supported by the Sustainability and Scenarios Committee (CSS) and specific Committees.

Go to Eni's governance

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