Eni’s new Sustainability Report shows transformation to tackle global challenges

Rome, 14 May 2019 – Eni is releasing today Eni For 2018, its 13^th sustainability report, showing how the company is transforming itself to face global challenges and contribute to delivering on the United Nations’ Sustainable Development Goals.

Eni For highlights the work Eni has carried forward in 2018 and the targets for the next years in priority areas such as climate change, the environment, health and safety, the respect of human rights, education and professional training and local development. It includes The Path to Decarbonization, a separate section wholly dedicated, for the second year, to Eni’s climate strategy, following the recommendations of the Task force on Climate-related Financial Disclosure (TCFD), of which Eni was the only oil & gas participant since its creation.

“With a global population expected to reach 9 billion in 2040, we feel the responsibility – as an international energy company – to contribute to bringing innovative and cleaner energy where it is needed,” said Eni’s Chief Executive Officer Claudio Descalzi. “We can contribute to foster economic development, invest in education and training, improve health conditions and access to water,” he added.

To deliver on these priorities, Eni has specifically focused on creating partnerships with the public sector as well as with organizations representing the civil society, as key tools to deliver on its sustainability ambitions and the SDGs.

Partnerships are essential to tackle challenges of such magnitude, building common goals, driven by shared values. To do so, Eni has been working with governments, international organizations, NGOs and other private companies.

Eni has signed agreements with the United Nations Development Programme (UNDP) to develop sustainable energy across an array of African countries and with the Food and Agriculture Organization (FAO) to build solar-powered water wells in Nigeria. It has continued its demining program in Angola with the HALO Trust, the world’s largest humanitarian landmine clearance organization. As part of its climate strategy, it has strengthened its commitment through the Oil & Gas Climate Initiative by subscribing to the partnership’s methane emissions intensity reduction target.

Eni has also made its own progress in reducing greenhouse gas emission intensity of exploration and production activities (upstream) to reach the 2025 target of -43% compared to 2014. In March, it has announced a 2030 target of net zero carbon footprint in the upstream sector, which it plans to reach by increasing the efficiency of its activities, reducing GHG emissions and developing forest conservation projects.

The full Eni For 2018 report is verified by EY SpA.