Transparency, a value that guides us in every field

We work closely with governments around the world, who are often our counterparties in major economic transactions. Our payments to governments therefore also represent socio-economic support to states, and their proper management contributes to achieving Sustainable Development Goal 16 of the UN Agenda 2030, which prioritises “Peace, Justice and Strong Institutions”. Precisely for these reasons, since 2015 we have included a voluntary disclosure of the payments we make to governments, and since 2017 we have published the “Report on Payments to Governments”, in line with EU Directive 2013/34.

The criteria by which we draft this document are based on the prevailing interpretations of national and international legislation. Reporting includes payments made in connection with the exploration, prospecting, research, development and extraction of oil (including condensates) and natural gas. Payments relating to refining, natural gas liquefaction (LNG) and gas-to-liquids and other downstream activities are excluded.

Since 2005 we have been participating to the Extractive Industries Transparency Initiative (EITI), the global initiative promoting responsible and transparent use of financial resources generated in the extractive sector, as a supporting company.
In 2023 Eni was appointed as Board member of the EITI, the main decision-making body of the Initiative.

In each participating country, the EITI is supported by a Multi-Stakeholder Group in which government, mining companies and civil society work together to effectively implement the initiative. As part of our involvement with the EITI, we track activities at international level and in member countries, contribute annually to the preparation of reports, and participate in the activities of the Multi-Stakeholder Groups in Congo, Ghana and Timor-Leste. In Kazakhstan, Indonesia, Mozambique, Nigeria and Mexico, our subsidiaries liaise with the local EITI Multi-Stakeholder Groups through the trade associations present in the countries. In line with our participation in the initiative, we stand by our position advocating contractual transparency on the part of governments, expressing our support for initiatives that will be adopted in this regard by the countries in which we operate.

We believe transparency to be a prerequisite to combatting corrupt behaviours  Our commitment is confirmed by our active participation in the global multi-stakeholder EITI initiative. In this context, we promote numerous activities and a transparent approach in the management of our operations: we take part in EITI Board initiatives and – at local level – contribute to the activities of EITI Multi-Stakeholder Groups in countries where they are present, while also initiating dialogue with the governments of countries that have not yet formally joined the initiative.

The 2019 EITI Standard introduced an important new requirement for member countries to “disclose any contracts and licences granted, entered into or amended after 1 January 2021”, with the aim of strengthening community, stakeholder and investor confidence in governments and companies by enabling civil society to monitor and oversee the terms of these agreements, expected revenues and associated socio-environmental obligations. 

As a company supporting the EITI, we encourage governments to comply with the new standard on the publication of contracts and express our support for the mechanisms and initiatives that will be undertaken by countries to promote transparency in this area.

In compliance with Italian Law No. 208/2015, we voluntarily publish (although there is no regulatory obligation to do so) the “Country-by-Country Report” required by Action 13 of the “Base erosion and profit shifting - BEPS” project, promoted by the OECD with the sponsorship of the G-20, whose objective is to have the profits of multinational companies reported in the jurisdictions where the economic activities that generate them are carried out, in proportion to the value generated. The publication of this report has been recognised as best practice by the EITI. The CbC Report is a tool for assessing fiscal risk and is sent by the Italian tax administration to all other administrations with which it has an agreement for exchanging information. Regarding transparency, Italy adopted EU Directive no. 2021/2101 during 2024, mandating the disclosure of specific Country-by-Country Reporting (CbCR) details from the 2025 tax year onwards. Furthermore, in line with its disclosure on beneficial ownership, Eni publishes its company structure in its Integrated Annual Report.

In view of improving transparency on the financial flows towards host countries where we conduct extractive operations, we are disclosing data on commodity trading as recommended by the Extractive Industries Transparency Initiative providing that supporting companies fulfil a set of expectations, thus contributing to promote good resource governance and states’ accountability as well as to reduce corruption. Transparency on commodity trading is provided under expectation 4 of the EITI standard.