Eni's new mission, inspired by the UN's 17 Sustainable Development Goals (SDGs), sets out just how integral sustainability is to our operations. It explores the global challenges the company faces – challenges we are committed to tackling. These include energy access, the climate and environment, human rights, co-operation, and partnerships for development.
With this in mind, Eni's Long-Term Strategic Plan to 2050 and Action Plan 2020-2023 set out goals for achieving the SDGS both directly and indirectly. Working with the Columbia Center on Sustainable Investment, we have applied these goals to our various activities and projects.
According to the UN's forecasts, the world's population is expected to surpass 9 billion by 2040, further fuelling demand for energy ("New Policies Scenario", WEO, IEA, 2018). Eni, as an energy business, has a great responsibility to reach the goals linked to this, particularly SDG 7 (universal access to clean and convenient energy sources) and SDG 13 (fighting climate change). Eni wants to help build a new energy paradigm in which everyone – above all those in places facing huge demographic changes, such as Africa – can access innovative, clean energy mixes. Energy is essential to fulfilling people’s primary needs, to countries' socio-economic development and to protecting the environment and international safety. That makes energy essential to achieving other development goals.
Acknowledging this challenge, Eni has set out a business model for creating long-term value based on its own innovative technologies and digitalization process, which rests on three pillars:
- operational excellence
- carbon neutrality in the long term
- promoting local development