In face of the growing demand for energy and the need to be responsible in the fight against climate change, it is essential for more organisations, governments, communities, companies and individual citizens to work together to find innovative solutions. Companies in the energy field are ready and willing to do their part and that is why we are actively involved in a series of co-ordinated initiatives.

OGCI: The union of best practices

The Oil and Gas Climate Initiative (OGCI) is a voluntary initiative set up by Oil & Gas companies that aims to encourage practical action to contrast climate change by working together and by sharing best practices. The OGCI was set up following debates during the World Economic Forum Annual Meeting in January 2014 and was officially launched during the UN Climate Summit held in September 2014 in New York. The members currently engaged in the initiative alongside Eni as of 30 March 2016 include BP, CNPC, PEMEX, Reliance Industries, Repsol, Saudi Aramco, Shell, Statoil and Total, which together represent over 20% of global energy production. The initiative is headed by the respective CEOs that take part in a Steering Committee. At the same time as the Paris Climate Week 2015, on 22 May 2015 the OGCI held its first high profile multi-stakeholder workshop with external specialists taking part to discuss action necessary in the sector to mitigate climate change. Christiana Figueres, the Executive Secretary of the UNFCCC also attended the workshop and Janos Pasztor, Senior Advisor to the Secretary-General on Climate Change. The results of the workshop contributed to shaping the first report of the OGCI presented on 16 October. The OGCI organised an event in Paris in which the CEOs of the participating companies launched both a Joint Collaborative Declaration announcing collaboration on the subject of climate change and presenting a report of practical measures that have been undertaken to improve the management of greenhouse gases (GHG) and to contain the long-term impact on the climate (such as heavy investment into natural gas, the arrest of carbon dioxide and storage, renewable energy and research and development into technology for low GHG emissions). The OGCI has to date concentrated on three main areas - the role of natural gas, tools to reduce emissions and long-term solutions.

Initiatives for the reduction of CO2 emissions through carbon pricing

Paying for carbon is an unprecedented joint initiative. Eni, BP, Shell Statoil and Total all acknowledge both the importance of the challenge posed by the change in climate and the importance of energy for human life and general well-being. They are well aware that the current trend of greenhouse gases is higher than the maximum two degrees centigrade established by the intergovernmental group on climate change (IPCC) which is necessary to keep global temperatures down, and are willing to work towards finding solutions. On 1 June 2015 at the UNFCCC the companies called on all governments requesting the introduction of a system of tariffs for CO2 emissions creating clear, stable more ambitious norms that will eventually be able to blend in with the different national systems. This would reduce uncertainty and encourage the introduction of more beneficial methods to reduce significantly CO2 emissions. The six companies endorsing this explained their position in a letter signed by the respective CEOs addressed to the Executive Secretary of the UNFCCC and the President of the XXI Conference of Parties (COP21) of UNFCCC. Following COP21, Eni and this group of companies have been working closely with the World Bank within the public-private initiative "Carbon Pricing Leadership Coalition" to build an effective dialogue with governments and companies throughout the world. For years Eni has been a member of IETA, the most important international association to build policy for carbon pricing.

GGFR: towards a reduction in gas flaring

We are members of the GGFR, a public-private partnership launched at the World Summit for Sustainable Development in August 2002. The GGFR Partnership led by the World Bank gathers together representatives from governments of oil-producing countries, state-owned and international oil companies so that they can help to remove together the barriers to gas flaring by disseminating best global practices and developing specific programmes for each country. Gas flaring contributes to CO2 emission, which involves burning superfluous natural gas (wasting valuable energy) extracted with oil, since enormous investment would be involved in order to create infrastructures able to make it valuable, transport it to the consumer or use it for the production of electric energy and heat. Since November 2014, Eni supports the “Zero Routine Flaring by 2030” initiative, which unites governments, oil companies and other development organisations that recognise that the current situation of flaring is unacceptable both from the point of view of the environment and the management of resources. In this regard the bodies involved will co-ordinate in order to reach the objective whereby "routine" flaring will be eliminated by 2030. In 2015 the World Bank praised Eni for its M’Boundi flaring down project in Congo.

CACC: the partnership to reduce methane emissions

Eni belongs to the CACC Oil & Gas Methane Partnership, an initiative co-ordinated by the UNEP aimed at reducing natural gas emissions in the Oil and Gas sector. We presented a plan for the controlling of natural gas emissions in upstream activities in line with the monitoring and control requisites endorsed by the partnership. The partnership within the CACC is based on collaboration and support between the members to find technological approaches that lead to a reduction in natural gas emissions in a flexible, systematic way, by establishing a forum for consultation and discussion among partners and communication with the public, investors NGOs and governments on the progress being made in the sector regarding natural gas emissions. The founding companies present at the UN Secretary General’s Climate Summit in New York on 23 September 2014. - are BG, PEMEX, PTT, Southwestern Energy, Statoil e Total.

Caring for Climate, pro-climate companies

We also support the initiative Caring for Climate, promoted by the United Nations Global Compact, the secretariat of the United Nations Framework Convention on Climate Change (UNFCCC) and by the United Nations Environment Programme (UNEP), aimed at encouraging companies to face the issue of climate change. Within this project we contribute to the Workstream projects on Carbon Pricing and Transparency and Disclosure.

Sustainable Energy for All

In our partnerships with the academic world, civil society, national and international institutions and companies in the sector we support this United Nations initiative that aims to mobilise action towards sustainability in all areas of society.

IPIECA, oil and gas companies together for environmental issues

Eni measures itself against other companies in the O&G sector on issues of sustainability within the IPIECA, an association that brings together companies in the oil and gas sector to improve environmental and social performance. Eni is on the Executive Committee of the association and plays an active role in the task forces dedicated to particular issues.

CDP and FSB, transparency with stakeholders on climate change

Disclosure on climate has always been a crucial issue for Eni; indeed, every year since 2003, Eni has completed the CDP (ex Carbon Disclosure Project) questionnaire on the issue of climate change. Thanks to our commitment encouraging transparency, Eni has been recognised by the CDP as a global leader for its actions and strategies in response to climate change . As a result it has been awarded a position on the Climate A List, which includes companies that have achieved the highest rating (A) following the independent evaluation of performance and strategies in response to climate change. Besides this, Eni is part of the Task Force that was set up in December 2015 by the Financial Stability Board (FSB-TCFD) to develop recommendations and international guidelines on background material tied to the risks connected with climate change.

Enrico Mattei Eni Foundation; research for climate and development

Eni is the founder of the Enrico Mattei Eni Foundation (FEEM),an independent foundation recognised by the President of the Republic in 1989. The FEEM carries out research activities in the field of sustainable development and global governance. In particular the research programme “Climate Change and Sustainable Development” faces issues of climate change and sustainable development as well as important issues like environmental economy.
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