Net Zero: reaching carbon neutrality through industrial transformation

Our long-term strategy aims to achieve carbon neutrality by 2050, through a plan punctuated by progressive targets involving all sectors of the company in Italy and worldwide and based on established technologies and the development of cutting-edge solutions.

Eni aims to create value and decarbonize the company. It has set itself some of the most challenging emission reduction targets in the energy sector, both in terms of intensity and in absolute terms, across all activities and the entire product supply chain.

We want to be an active part of the energy sector's transition towards cleaner sources.

The Intergovernmental Panel on Climate Change (IPCC) and the International Energy Agency (IEA) argue that carbon neutrality must be achieved as a result of a profound transformation of energy companies.

We have embraced this view and have embarked on a path of business evolution that will enable us to achieve Net Zero by 2050.

 

Net Zero for us means achieving carbon neutrality of processes and products. We have set progressive targets to achieve net zero emissions from exploration activities by 2030 and from all of Eni by 2035 (Scope 1+2), reaching Net Zero for all GHG Scope 1, 2 and 3 emissions by 2050.

 

The steps to achieve Net Zero

The progression of our goals to achieve carbon neutrality by 2050.

2030

2035

2040

2050

35% reduction (vs 2018)

of net Scope 1+2+3 emissions

55% reduction (vs 2018)

of net Scope 1+2+3 emissions

80% reduction (vs 2018)

of net Scope 1+2+3 emissions

Target reached

Zero net Scope 1+2+3 emissions

How to aim for net zero emissions along the entire value chain

For us, carbon neutrality means aiming for a reduction in environmental impact, also thanks to the process of offsetting emissions, starting with our own and including those of our final customers along the entire supply chain of energy products.

Scope 1

Emissions related to company assets.

Scope 2

Emissions from the generation of electricity, heat and steam purchased from third parties and used by the company's assets.

Scope 3

Emissions produced along the company value chain, such as those generated by suppliers and customers.

Activities in progress

Our business model therefore involves a process leading to a progressive reduction of direct greenhouse gas (GHG) emissions, which comprises a series of actions and clear intermediate targets.

More initiatives for long-term results

In addition to the plan we have implemented to reduce emissions in our activities, we have launched initiatives called Carbon Offset Solutions to protect biodiversity, manage land sustainably by restoring natural ecosystems and compensate for the effects of residual emissions that cannot be reduced. We involve academia, institutions and industrial partners to develop solutions that can contribute to the decarbonization process to offer increasingly sustainable products to households and businesses.

Eni is working to ensure that the decarbonization process offers opportunities to convert existing activities and develop new production chains, with significant opportunities in the countries where it operates.
Claudio Descalzi Chief Executive Officer


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