Eni has long collaborated with the academic community, civil society, institutions and businesses to foster the energy transition.
Our network of partnerships for decarbonisation allows us to enhance and generate knowledge, share best practices and support initiatives that simultaneously create value for the company and its stakeholders.
By determining the development of effective and sustainable strategies and policies, national and international institutions play a key role in achieving the goals of the Paris Agreement.
As it is aware of their crucial importance, Eni communicates with policymakers both directly and indirectly through trade associations. In this way, we can actively contribute to developing strategies and standards to speed up the transition to Net Zero, drawing on our expertise as an international energy company.
Within the framework of its partnerships and advocacy activities, Eni clearly and transparently supports and shares its position on principles considered essential in climate protection, in line with its strategy:
supporting the goals of the Paris Agreement and in particular Net Zero by 2050
identifying the role of natural gas in the energy transition
supporting the carbon pricing mechanism
supporting increased energy efficiency and the development of low and zero carbon technologies
promoting the role of Natural Climate Solutions;
supporting transparency and climate disclosure
These principles are published in Eni's guidelines on responsible commitment for climate change in trade associations that was published in 2020, where the main issues the company considers essential in climate protection are clearly laid out.
In addition, we periodically assess the alignment between Eni’s position in relation to climate change principles and that of the business associations the company participates in. The second report, published in 2022, assessed the public position of 40 associations selected on the basis of their importance and influence in the international climate and energy debate.
Within the framework of its partnerships and advocacy activities, Eni clearly and transparently supports and shares its position on principles considered essential in climate protection. Here is a list of Eni’s main climate change-related advocacy initiatives.
Partnerships and collaborations with industry partners are a key tool for the energy transition path. For this reason, Eni continues to expand its network of collaborations with universities, civil society, institutions and companies, with the aim of joining forces, creating new synergies and increasing opportunities to offer innovative solutions for zero-emission energy.
For some time now, Eni has been promoting various initiatives to involve the entire value chain in the path to decarbonisation undertaken by the company, which come together in the JUST (Join Us in a Sustainable Transition) programme.
The chain value in decarbonisation
We involve our suppliers in programmes and initiatives to support the energy transition.
In terms of transparent disclosure, Eni supports the definition of best practices for comprehensive climate disclosure and in its reporting adopts the recommendations of the TCFD, published in 2017. Eni also promotes the need for alignment among the methodologies for GHG reporting in order to make the Oil & Gas sector’s performances and decarbonisation targets comparable. In this sense, Eni collaborates in the Science Based Target Initiative (SBTi), which is working on developing guidelines and standards applicable to the sector to set decarbonisation targets in line with the goals of the Paris Agreement.
Transparency in climate change-related reporting and the strategy implemented by the company made it possible for Eni to be confirmed as a member of the leadership group of the CDP Climate Change Programme¹ in 2021. The A- rating achieved by Eni exceeds the global rating average of B in a scale ranging from D (minimum) to A (maximum). Eni's CDP Climate Change questionnaires are available in the Documents section.
Furthermore, in 2021 the TPI² assessment gave Eni the highest rating for management quality in the strategic analysis of climate-related risks and opportunities and recognized for the first time in the carbon performance assessment the alignment of long-term emission targets with the Paris Agreement’s more ambitious goal of limiting the rise in the average global temperature to 1.5°C by the end of the century. In the same period, Carbon Tracker³ ranked Eni first among its peers based on three factors: completeness of GHG emissions accounting methodology, medium-to-long-term intermedi- ate targets and company-wide emissions accounting scope. Moreover, in March 2021 the first CA100+33 Net-Zero Company Benchmark⁴ showed Eni as one of the companies most closely aligned with the coalition’s requirements, confirming its leadership role in reporting and ambition in the area of climate action.
1) CDP (formerly the Carbon Disclosure Project) is an internationally recognised organisation, among the leading institutions in assessing the climate performance and strategy of listed companies.
2) Transition Pathway Initiative, an investor-led global initiative that assesses companies’ progress in low carbon transition. The report published in September 2020 is an update of the first TPI assessment published in 2019.
3) Independent financial Think tank that has been conducting analyses for years to assess the impact of energy transition on financial markets.
4) Climate Action 100+ is the largest shareholder engagement initiative on climate change issues with more than 570 investors to date. CA100+'s goals include increasing ambition on emission reduction targets, improving climate governance and strengthening climate-related financial disclosure.
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