A sustainable world is a strategic goal that Eni looks to with confidence, setting up partnerships and alliances to help achieve the goal. There are many partnership initiatives that promote development and access to energy.
Sustainable finance: Eni involved in campaign led by the UN Global Compact
Eni – together with a number of other companies – announced a five-year investment in support of the Sustainable Development Goals (SDGs) during a UN Global Compact special event (Uniting Business LIVE) held at the 76th session of the United Nations General Assembly.
Overall we’re talking about an initial collective commitment of more than $500 billion, backed up by a coordinated campaign with the United Nations Global Compact – the CFO Taskforce – to recruit hundreds of companies ready to adopt similar strategies and commitments. The CFOs have pledged to tie nearly 50 per cent of all business lending to sustainability performance, with plans to issue hundreds of billions in new sustainable finance instruments, including specific SDG-linked bonds.
Eni's participation in the CFO Taskforce is part of the sustainable finance pathway that Eni has embarked on over the past year:
Eni joins the United Nations Global Compact and is recognised as a LEAD company: one of the most committed to achieving the Sustainable Development Goals.Read the press release
Eni signs sustainable financing agreements with leading banks for a total amount of €4.35 billion, linking them to the achievement of the Sustainable Development Goals.
Read the press release
Eni publishes the first Sustainability-Linked Financing Framework in its industry, setting the guidelines for issuing new sustainable financial instruments.
Read the press release
Eni launches the first sustainability-linked bond in euros in its sector. The bond is linked to the achievement of the SDGs on Net Carbon Footprint Upstream.
Read the press release
Eni in the UN Global Compact LEAD
In September 2021, Eni was confirmed for the third consecutive year as a LEAD company for our ongoing commitment to the United Nations Global Compact the world's largest corporate sustainability initiative, which we have been part of since 2001. The Global Compact invites companies to bring their actions and strategies in line with ten principles of human rights, work, the environment and fighting corruption, and to work to reach the Sustainable Development Goals.
This recognition is an important testimony of our commitment to integrate sustainability into every aspect of our activities, to transform our industry respecting the dignity of every human being and to be open to new frontiers including that of sustainable finance in support of the SDGs.
Eni and UNIDO are pioneers in public-private cooperation
In order to create synergies that help build a sustainable future, the joint declaration signed with the United Nations Industrial Development Organisation (UNIDO) to help achieve the Sustainable Development Goals is crucial. This cooperation is based on areas of common interest: from youth unemployment to the agricultural value chain, renewable energy to energy efficiency, particularly in Africa. It is the start of a pioneering model of public-private cooperation, which will contribute to the development of the communities and countries we work in. This work unites public and private with a view to achieving major goals for the future of the planet, with a particular focus on Africa.
The declaration by Eni and UNIDO was signed by Claudio Descalzi, CEO of Eni, and Li Yong, Director-General of UNIDO. This is a strategic cooperation that will lead to concrete business interaction. It is an example of public-private cooperation for sustainable industrialisation in Africa.
Accordo Eni e UNIDO- Affaritaliani intervista Claudio Descalzi
Alongside the UN for sustainable development
At the UN General Assembly on 24 September 2018, we signed a Memorandum of Understanding with the United Nations Development Programme (UNDP) to help us reach the Sustainable Development Goals, especially in terms of access to energy, by 2030.
Together for a clean future
We are part of the Oil and Gas Climate Initiative (OGCI), begun in 2014 and led by CEOs of oil and gas companies to fight climate change with practical initiatives and investment in low-carbon technologies. Today, OGCI's 13 members represent around 30% of world production of oil and gas and provide almost 20% of the global consumption of primary energy.
An ongoing effort
Our low-carbon future strategy also envisages the adoption of a sound, transparent and shared system for carbon emissions trading accounting. That's why, at the end of 2018, we signed up to the Katowice Declaration on Sound Carbon Accounting, promoted by IETA at COP 24 and signed by environmental organisations, trading operators and international energy companies.
Read more about our partnerships
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