The key challenge within our sector is to provide access to efficient, sustainable energy that is universally available to a global population that is growing in both demographic and economic terms whilst also fighting climate change. This is a challenge that will determine new consumption models, and one that is already having an impact on the way we produce energy.
This being the case, we have set ourselves a strategic objective, namely to achieve carbon neutrality by 2050, i.e. to totally eliminate our carbon footprint, in terms of both net emissions and net carbon intensity. Putting our customers at the heart of what we do, we aim to be offering them by then a range of increasingly decarbonized energy products, taking into account all of the emissions generated throughout their life cycles (Scopes 1, 2 and 3).
This pathway of evolution to 2050is marked by a series of intermediate targets for each sector in which we operate.
And in order to support our growth and that of our host countries, we have incorporated the 17 United Nations Sustainable Development Goals (SDGs) into our mission, making specific commitments for each of them.
Business goals for 2050
The evolution of our work over the next 30 years.
-100%
Net GHG Lifecycle Emissions e Net Carbon Intensity
We are a global energy company that is active throughout the entire value chain,from exploration, oil and natural gas development and extraction to power generation from cogeneration and renewable sources, including traditional and bio-based refining and chemistry and the development of circular economy processes. Our activities extend to our end markets, where we sell gas, electricity and products to retail and business customers and local markets. In order to absorb residual emissions, we are also pursuing CO₂ capture and storage initiatives and forest conservation projects (REDD+ initiatives).
We apply the valuable skills of our people and the proprietary technologies developed at our Research Centres in each of the fields in which we operate, while the geographical distribution of our assets allows us to be present in all areas in which value is generated.
The sustainable enhancement of the upstream Oil & Gas portfolio is the responsibility of the Natural Resources Division, one of the two general divisions that make up our organisational structure. This being the case, the aim is to reduce
our carbon footprint by maximising energy efficiency and increasing the natural gascomponent in the energy mix. Together with the Exploration & Production business, the Division monitors the marketing of wholesale gas and LNG as well as the environmental remediation and regenerationbusiness overseen by the Eni Rewind subsidiary. It is also involved in the development of CO₂ capture and storageprojects and in supporting forest conservation (REDD+)projects.
Upstream towards Net Zero
Eni’s upstream is increasingly sustainable, contributing to the target of zero net emissions by 2050.
- 65%
reduction
Upstream carbon footprint Scope 1+2 by 2025 vs 2018
The increase in electricity generation from renewable sourcesand in the production capacity of bio-refineries together with the growth of biomethane and the bio- and circular evolution ofrefiningandchemicals, the latter managed by Versalis SpA and its subsidiaries, are the central tasks of the Energy Evolution Department, which is also part of our organisational structure. More generally, the Department is committed to the evolution of energy product generation, transformation and sale businesses towards organic, blue and green approaches. Its activities also include developing the retail portfolio by offering increasingly decarbonized products for mobility, domestic consumption and small businesses, a sector managed by Plenitude. Finally, the business of generating and selling electricity from thermoelectric plants, managed by Enipower, also falls within its remit.
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