Our sustainability reports

Mandatory reporting: the Sustainability Statement

Eni’s Sustainability Statement is part of the Group’s Annual Financial Report. This document, required by law, is prepared in accordance with Legislative Decree 125/2024, which transposes EU Directive 2022/2464 (Corporate Sustainability Reporting Directive – CSRD), and is subject to external assurance. The Sustainability Statement complies with the European Sustainability Reporting Standards (ESRS) and outlines Eni’s strategy, initiatives, and performance in relation to sustainability issues. The Sustainability Statement is structured in line with the standard topics, divided in the 3 main areas: environmental, social and governance. 

Our approach to sustainability is also explored in Eni for, an annual voluntary report that explains how we support the Just Transition, with a view to sharing social and economic benefits with workers, suppliers, communities and customers, in an inclusive and transparent way. In contrast to the Sustainability Report, in “Eni for” the company delves into stories, case studies and first-hand reports on the creation of long-term value for all stakeholders. The end goal is to help achieve the Sustainable Development Goals (SDG) of the United Nations 2030 Agenda. Besides the consolidated reports, Eni’s subsidiaries publish their own reports across the year, in addition to local sustainability reports that aim to show the actions and impacts in specific geographic areas.

Starting from 2024 the Sustainability Statement of Eni is prepared in accordance to the Legislative Decree No. 125/2024 and according to the European Sustainability Reporting Standards (ESRS), including the mandatory disclosures foreseen by the European Taxonomy Regulation. The Sustainability Statement is structured in line with the standard topics, divided in the 3 main areas: environmental, social and governance. The following are detailed in the Content Index:

• disclosure of qualitative and quantitative information required under other legislation
• entity-specific indicators as set out by the ESRS principles inspired by the GRI Oil & Gas Sector standard and/or the draft EFRAG standard for the O&G sector, or indicators linked to strategic goals
• disclosure of information contained in the Management Report
• the use of any phase-ins.

Eni's materiality analysis, that identifies the most relevant sustainability issues for Eni and its stakeholders, has been updated in line with ESRS standards in order to include the double materiality through: 

• the identification of most significant impacts – positive and negative, actual and potential – generated by the organization on the environment and people, including human rights impacts- (so-called “impact materiality” or “inside-out” perspective)
• the identification of risks and opportunities arising from sustainability related topics that may significantly affect the company’s development, performance and financial position in the short, medium or long-term (so-called “financial materiality” or “outside-in” perspective).  

For more details on materiality topics please refer to the chapter “Process and results of the double materiality assessment” in the Sustainability Statement.

Eni’s materiality process included the following phases:

• identification of the list of potentially relevant material topics related to Eni’s activities and its value chain, both upstream and downstream
• identification of impacts, risks and opportunities (IROs) associated with potentially relevant topics
• definition of the impacts, risks and opportunities (IROs) assessment model
• assessment of the significance of IROs
• engagement with targeted experts regarding the results of the impact materiality assessment following the internal evaluation; these meetings were held with experts
• definition of the list of relevant IROs and final calibration.