In an effort to reduce greenhouse gas emissions throughout its entire value and supply chains, Eni recently adopted the Greenhouse Gas Protocol, a framework for organizations around the measurement and reporting of their greenhouse gas emissions. The company is using these standards, also known as GHG Protocol, to meet the challenge of providing verifiable methods to cut emissions that will be transparent to investors and the public.
This voluntary protocol incorporates a set of tools that compares the effectiveness of decarbonization over time, as well as against other participants in the industry. Widely adopted, the GHG Protocol is incorporated in the International Standards Organization and the Climate Registry, along with hundreds of greenhouse gas standards and programs worldwide. On upstream assets, Eni has set out to reduce its emissions by 43% by 2025 as compared to its 2014 figure. This will be achieved through direct elimination of carbon emissions alongside investment in energy efficiency projects. Such efforts are also projected to cut the company's carbon intensity index by at least 2% per year between 2014 and 2021, which would result in an overall improvement of 13.2% over the entire period. The scopes established by the GHG Protocol serve as a guide to what, how and where to measure emissions.