We are an energy company. We concretely support a just energy transition, with the objective of preserving our planet and promoting an efficient and sustainable access to energy for all. Our work is based on passion and innovation, on our unique strengths and skills, on the equal dignity of each person, recognizing diversity as a key value for human development, on the responsibility, integrity and transparency of our actions. We believe in the value of long term partnerships with the countries and communities where we operate, bringing long-lasting prosperity for all.
We are a global energy company that is changing direction to become a leader in the production and sale of decarbonized products. The new Eni will be increasingly sustainable, with demanding targets for 2035 and 2050.
Integrating sustainability into our business model
Moving towards a just transition to create long-term value
From exploration and production to scientific research, from circular chemicals to biorefineries, from renewables to natural gas: all of our operations reflect our business models based on operational excellence, carbon neutrality in the long term and alliances for local development. In turn, these three pillars are underpinned by the shared foundations of promoting internal competencies, the deployment of innovative technologies and the digitization process.
By applying this model, we create long-term value for all stakeholders and shareholders, contributing to a socially just energy transition.
This structure is perfectly summarised in our mission which outlines the direction of our long-term evolution and incorporates the 17 United Nations 2030 Agenda Sustainable Development Goals (SDGs).
Focussing on operational excellence means, first and foremost, maintaining a continuous commitment to the valorization of people and, in the HSE field, to the safeguard of health and safety and environmental protection. It also means focusing on the efficiency and resilience of our operations, to accelerate the time-to-market and reduce the break-even of projects. This is all done while maintaining solid financial discipline and paying the utmost attention to integrity and respect for human rights.
In order to achieve carbon neutrality in the long term, we have adopted an approach that takes the emissions generated over the entire life cycle of energy products into account. The main measures we have put in place are maximising the energy efficiency of our assets, increasing low-carbon sources in our portfolio (increasing the share of gas and biofuel and the production and marketing of biomethane), increasing emission-free sources and developing circular economy initiatives. An important role will also be played by the application of new technologies capturing CO2 and the development of forest conservation projects in accordance with the REDD+ scheme.
We have created two new Business Groups to support these objectives even more effectively: Natural Resources and Energy Evolution. The first aims to develop the upstream oil & gas portfolio sustainably, promoting energy efficiency and carbon capture, while the second will be dedicated to supporting the evolution of the company’s power generation, product transformation and marketing from fossil to bio, blue and green.
In our relationship with the producing Countries we have always promoted initiatives that benefit the local communities alongside the valorization of energy resources. In addition to allocating gas production to the local market and promoting access to electricity, we implement measures for the diversification of local economies and local development projects to improve health, education and access to water and hygiene. This approach, called Dual Flag, is based on collaboration with institutions, cooperation agencies and local stakeholders to identify the necessary actions to meet the needs of communities in line with their National Development Plans and the UN 2030 Agenda. Alongside these initiatives, we are also constantly engaged in creating job opportunities and transferring our know-how and expertise to local partners.Goals and targets to build a better future
Sustainability is part of every aspect of our business. This link is achieved by integrating the 17 Sustainable Development Goals of the UN 2030 Agenda into our mission. We have set targets to be achieved for each of them and incorporated them in the 2020-2023 Action Plan and the Long-term Strategic Plan to 2050.
In 2019 we achieved important results, including:
- -27% on the upstream GHG emission intensity index compared to 2014;
- -81% of the upstream fugitive methane emissions compared to 2014;
- -3% on the Total Recordable Injury Rate (TRIR) vs. 2018 (-52% vs. 2014);
- €194 million invested in technological research and development;
- approximately 1.4 million hours of training (+16.5% vs. 2018);
- 89% reuse of fresh water
- €95.3 million investment in local development
Our actions are always aimed at safeguarding and promoting human rights, respecting safe and fair working standards, protecting the environment, and combating corruption within our organisation and among our industrial partners.
Sustainability is critical for long-lasting results and strengthening the company’s reputation and business performance. We work in partnership with producer countries, providing them with tangible support which allows us to develop energy sources and infrastructures while supporting improvements across society, education, health and culture.
People are our most important asset. All our achievements are a result of the skill and passion that they bring to everything they do. This is why we ensure that our employees are able to grow through continuous professional development in an environment that cares about their quality of life – both within the company and beyond.
Technological innovation is a key driver for our company. Every day we explore new paths, pursue efficiency in all our activities and make the most of our financial and energy resources, as well as our wealth of expertise.