The organisation of our activities is based on both sustainability and responsibility towards people and the environment.
“The strategy to reduce social and economic gaps by developing energy sources has become an integral part of the business model. Eni invests in the development of infrastructure for the production and transport of gas for both export and local consumption. This has allowed Eni to reach new local markets and guarantee these countries energy independence, which is necessary for economic growth.”
Eni for 2017
Eni’s business model is focused on creating long-term value, for both the company and its stakeholders, through the achievement of goals relating to profitability and growth, efficiency, operational excellence and prevention of business risks. Eni recognizes that the main challenge in the energy sector is providing access to energy resources for all efficiently and sustainably, while combating climate change.
To meet this challenge, Eni has adopted an integrated strategy to pursue its operating objectives, combining financial robustness with social and environmental sustainability, based on:
- a path to decarbonization;
- an operating model that reduces business risks as well as social and environmental impacts;
- a host country cooperation model based on long-lasting partnerships.
Eni’s Corporate Governance has a traditional structure and is founded on the principles of integrity, transparency and fairness. This system is fundamental for Eni’s business model and alongside our business strategy supports the relationship of trust with our stakeholders, contributing to the achievement of results and creating sustainable value in the long term.
Integrated sustainability in Eni’s system of governance foresees:
In 2016, the Sustainability and Scenarios Committee met 13 times. During these meetings, the Committee discussed the following issues: the LNG scenario; developments in the crude oil market and the main market drivers; the impact of Brexit; the price scenario for 2017-2020 and for the long term; the Total Strategy presentation in September 2016; alternative scenarios: IEA 450 and Greenpeace Energy Revolution-Goldman Sachs; tight oil: comparing Eni’s assumptions and those of analysts and progressive updates; the latest information on the Financial Stability Board’s task force on climate-related financial disclosures; Eni’s ranking in sustainability indexes and ratings; partnership agreements in the renewable energy area; and the new sustainability indicators project. For more information concerning the Rules of the Sustainability and Scenarios Committee of Eni SpA, click here
Eni’s Code of Ethics reflects the values of the company and establishes the regulations governing Company’s and contractors’ behavior in the operations. Eni’s Supervisory Board is responsible for ensuring the implementation of and compliance with the Code of Ethics, as well as the preparation of a half-yearly report, with recommendations for modifications and updates to be presented to the Control and Risk Committee, the Board of Statutory Auditors, as well as the chairman and the chief executive of Eni, who will report to the company’s Board of Directors.
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