Carbon neutrality by 2050

Our commitment is to develop a portfolio of fully decarbonized products and processes by 2050. To achieve this, we are implementing a series of actions using existing technological solutions.

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Our strategy is to move faster towards carbon neutrality by 2050, with new interim targets covering all greenhouse gas emissions (Scope 1+2+3).

Our path to net zero emissions by 2050

Our strategy to achieve carbon neutrality by 2050 leverages on proprietary and breakthrough technologies, the creation of new business models and close collaboration with stakeholders.
The decarbonization path is marked by short and medium-term targets that

include all GHG Scope 1+2+3 emissions. The company is committed to transforming its business to achieve Net Zero. The evolution towards a decarbonized product offer will be supported by a progressive increase in investments dedicated to new energy solutions and services.

2050

2045

2040

2035

2030

2025

2022

60%

>90%

Gas accounts of Upstream production

>1 MTPA CO₂

~10 MTPA CO₂

~35 MTPA CO₂

~50 MTPA CO₂

Carbon Capture & Storage (MTPA CO₂) ^(c)

~15 MTPA CO₂

~20 MTPA CO₂

<25 MTPA CO₂

Natural Climate Solutions (MTPA CO₂)

~2 MlnTon/y

6 MlnTon/y

Biorefining capacity

>10 million

11.5 million

>15 million

>20 million

Customer base ^(b)

>2 GW

>6 GW

>15 GW

>30 GW

60 GW

Installed capacity ^(b)

12 k

~30 k

~35 k

~160 k

Charging points ^(b)

UPS -65%

Group -40%

UPS Net Zero

ENI Net Zero

Net Carbon Footprint scope 1+2 emissions

-35%

-55%

-80%

Net zero

Net GHG lifecycle emissions Scope 1, 2 and 3 vs 2018

Routine Flaring ^(a)

-43%

Upstream GHG emission intensity vs 2014 ^(a)

-15%

-50%

Net Zero

Net carbon intensity Scope 1, 2 and 3 vs 2018

Oil & gas

CCS

NCS

Bio-refining

Retail

Renewables

Emissions

(a) 100% according to operatorship (b) Including CCUS services for third parties (c) Plenitude 100%

We create value in the energy transition

We are accelerating the transformation process that will take us to net zero by 2050.

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Delivering value through the transition

Climate Advocacy

Within the framework of its partnerships and advocacy activities, Eni supports and shares in a clear and transparent manner its positioning on the principles considered essential for climate protection, in line with its strategy. These principles are published within the guidelines on Eni’s responsible engagement on climate change within business associations,

together with the assessment which periodically evaluates the alignment between Eni positioning and that of the business associations in which it participates in relation to the principles on climate change. The second report (available in the Download Area) published today, assessed the public positioning of 40 associations, selected based on their relevance and influence within the international climate and energy debate.

Partnerships for carbon neutrality by 2050

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Partnerships are one of the strategic drivers of Eni's decarbonization path. Eni has collaborated with universities, civil society, institutions and businesses to promote the energy transition.

Interview

Commonwealth Fusion Systems is developing the fastest and most cost-effective route to bring fusion energy into the market to date. From the outset, Eni has been among its most important industrial partners.

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Jennifer Ganten

Ms. Ganten is Chief Movement Builder at Commonwealth Fusion Systems. She joined CFS in 2021 bringing decades of experience in energy policy, partnership building and global markets.

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