Energy companies such as Eni work closely with governments around the world that are often our partners in big financial transactions, which also contribute to support administration, healthcare, education and other social activities. Managing payments properly contributes to realise “Peace, justice and strong institutions” – Sustainable Development Goal 16 on the UN 2030 Agenda. For these reasons, since 2015, we deemed important to voluntarily disclose these payments. Since 2017, we have committeed a “Report on Payments to Governments” in line with European Directive 2013/34.
The criteria used to draw up the document are based on mainstream interpretations of national and international legislation. Our report covers payments for exploration, research, development and extraction of petroleum (including condensates) and natural gas. Payments for refining, liquefied natural gas (LNG), gas-to-liquids and other Downstream activities are excluded.
Since 2005, Eni has joined the Extractive Industries Transparency Initiative (EITI), a global multi-stakeholder initiative promoting a responsible and transparent use of financial resources from the extraction sector and participates as a supporting company In every member country, EITI is supported by a Multi-Stakeholder Group where the Government, extracting companies and civil society come together to carry out the Initiative’s aims. As part of its engagement with EITI, Eni monitors activities at an international level and in member countries it contributes annually to the preparation of Reports; it also participates as a member in the activities of Multi-Stakeholder Groups in Congo, Ghana, Timor Leste and the UK. In Kazakhstan, Indonesia, Mozambique, Nigeria and Mexico, Eni's affiliates interact with EITI's local Multi Stakeholder Groups through local category associations. In line with its participation to EITI, Eni has expressed its position in favor of contractual disclosure by governments and its support for the initiatives that will be adopted in this regard by the countries where it operates.
Eni considers transparency a corporate value and views its promotion as crucial for a more inclusive resource governance in favor of communities’ interest and as a prerequisite to fight international corruption. Moreover, our commitment is confirmed by our active participation, since 2005, to the voluntary multi-stakeholder initiative of EITI and by our support to its efforts in promoting an open and accountable management of natural resources. In this context, Eni undertakes several activities and promotes a transparent approach in the conduct of its business activities: we take part to the initiatives of theInternational Board of EITI and – at local level – contribute to the activities of the EITI Multi-Stakeholder Group in the countries where we operate, while engaging in dialogue with the Governments of the countries that have not formally joined the initiative yet.
The 2019 EITI Standard has introduced an important new requirement for implementing countries, which is to “disclose any contracts and licenses that are granted, entered into or amended after 1st January 2021”, aimed at enhancing the trust of communities, stakeholders and investors towards Governments and Companies, by allowing civil society to monitor and oversight the terms of these agreements, the expected revenues and related social-environmental obligations. Eni, as an EITI supporting company, encourages Governments in conforming to the new standard on contract disclosure and expresses its support to countries’ mechanisms and initiatives to advance transparency.
EITI Countries & Non-EITI Countries
EITI countries
Non-EITI countries
Albania, Angola, Argentina, East Timor, Ghana, Indonesia, Iraq, Côte d'Ivoire, Kazakhstan, Mexico, Myanmar, Mozambique, Nigeria, Republic of the Congo, United Kingdom.
In compliance with Italian Law No. 208/2015, Eni voluntarily publishes (although there is no regulatory obligation to do so) the “Country-by-Country Report” required by Action 13 of the “Base erosion and profit shifting - BEPS” project, promoted by the OECD with the sponsorship of the G-20, whose objective is to have the profits of multinational companies reported in the jurisdictions where the economic activities that generate them are carried out, in proportion to the value generated. The publication of this report has been recognised as best practice by the EITI. The CbC Report is a tool for assessing fiscal risk and is sent by the Italian tax administration to all other administrations with which it has an agreement for exchanging information. Furthermore, in line with its disclosure on “beneficial ownership”, Eni publishes its company structure in its Integrated Annual Report.
Report on payments to governments 2021 of Eni Group
Fighting corruption is based, above all, on prevention. This is why we have adopted an Eni’s Anti-Corruption Compliance Program, which we ask all our staff to respect and act upon consistently. Such Compliance Program is inspired also by our Code of Ethics and provides the principles and rules to follow, in compliance with anti-corruption law, for everyone we employ and work with around the world. We believe that it is important not just to ensure that Eni employees conduct themselves properly, but also to extend that conduct to the places in which we work and among our peers.
In 2022, 25 audits were carried out (in 10 countries) on compliance with the Anti-Corruption Compliance Programme and 19 audits were carried out on the 231/Compliance Models of Italian and foreign subsidiaries. As in 2021, the number of ascertained cases of corruption relating to Eni SpA in 2022 was 0. Eni also carries out an anti-corruption training programme for its employees, both with e-learning and classroom events such as general workshops and job-specific training.
Through our work we make a significant contribution to tax revenues – and therefore the development and socio-economic wellbeing of the countries in which we operate – both by paying taxes and transacting directly with governments.
Eni is aware of how important these financial activities are to countries’ collective wellbeing and conducts itself with transparency, honesty, probity and good faith, as set out in its Code of Ethics.
In practical terms, our strategy is to calculate the correct taxes in the different systems under which Eni works, mitigate the risk of double taxation (both legal and financial) on our profits and prevent any disputes with legal or tax authorities in the countries in which we work.
With this in mind, Eni adopted the principles in the OECD Guidelines for Multinational Enterprises (2011 version), according to which companies should:
Contribute to the public finances of host countries by making timely payments of their tax liabilities
Comply with both the letter and spirit of the tax laws and regulations of the countries in which they operate
Promptly give the relevant authorities all information required by law or needed to correctly determine taxes due
Determine transfer prices between groups in line with the OECD Guidelines on such prices for multinationals and tax administration.
Representing our interests at all our different offices is challenging – not only in terms of protecting the company, but also in properly assessing the impact of our work on local areas and improving the effects, and effectiveness, of our interventions. This is why we establish transparent dialogues with state institutions and civil organisations in all countries. As an energy company, it is only right that we should hold consultations to work out policies, pooling our expertise in energy and the environment. In 2017, for example, Eni took part in an Italian consultation on energy strategy, organised by the Ministry of Economic Development and the Ministry for Environment, Land and Sea Protection. It put forward opinions and suggestions to the institutions involved in defining Italy’s long-term energy strategy.
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