Eni ranked first in survey of Italian Companies' transparency in anti-bribery programs

San Donato Milanese (Milan), 2 October 2013 - Eni has been ranked first in a survey conducted by Transparency International Italy into the corporate reporting on transparency and anti-bribery policies of Italian companies. The survey, which used a sample of the largest Italian companies by market capitalization, has analyzed three areas of transparency in corporate reporting: anti-bribery programs, the organization (for example, information on relations with subsidiaries and affiliates) and the publication of key economic and financial data related to the activities in each country where companies have a presence.

The results of the research highlight Eni’s strong commitment to the fight against corruption, where Eni received the highest score in the survey, as well as in the field of organizational transparency. In recent years, in addition to voluntarily developing and implementing anti-bribery controls according to international and national conventions, Eni plays an active international role which allows the company both a comparison with the major players in the fight against corruption and to contribute to the formation of best practice guidance on this topic. The most significant contributions to anti-bribery at an international level include: continued engagement with the Global Compact of the United Nations, participation in the specific international working group of the B20 during the G20 summit in Cannes in 2011, Los Cabos in 2012 and Moscow in 2013 and the appointment of Eni’s Chairman as a member of the Board of the Partnering Against Corruption Initiative (PACI) in 2012, an initiative that brings together important global companies involved in the private sector’s fight against corruption.

Eni also collaborates on international research with ISPAC (International Scientific and Professional Advisory Council of the United Nations Crime Prevention and Criminal Justice Programme), conducted under the aegis of UNODC (United Nations Office on Drugs and Crime) and with the involvement of five top international universities. The aim of the research is to identify international best practice and to define a model of anti-bribery compliance that can become a reference point for the private sector and can be used as a standard for guidelines of international institutions.

In addition, Eni has been developing for years a dialogue with Transparency International and adheres to Extractive Industries Transparency Initiative (EITI), an international initiative involving governments, companies and grass roots organizations to promote transparency and good governance of revenues generated from the mining sector.