Italian ENI reaffirms commitment to fair energy transition

Leading Italian energy company ENI released the company's sustainability report on May 13, which outlines its commitments in its long-term strategic plan for 2050, which combines financial, environmental and social sustainability.

"The historic moment we are going through poses complex challenges on our way, but we are convinced that these difficulties will open up new opportunities for ENI," said the CEO. Claudio Descalzi told me. The commitments we have made in our transformation process as a company are now even stronger, as well as our determination to fight climate change and our efforts for a just energy transition which takes into account all the factors. game: from the need to reduce our carbon footprint in the sense of the Paris agreement to the need for a global development of humanity ", added Descalzi.

The CEO of ENI said his business has been inspired by the United Nations Sustainable Development Goals, undergoing a major transformation in recent years to become a simpler, faster and more resilient energy business that incorporates sustainability in each area. commercial.

According to ENI, the fourteenth sustainable business report describes the 2019 results and the company's sustainable development goals for the coming years, focusing on three main areas: long-term carbon neutrality, the model of operational excellence and alliances for the promotion of local development.

For the third consecutive year, ENI includes an annex entirely dedicated to the path followed by ENI to achieve carbon neutrality in the long term and prepared in accordance with the recommendations of the working group on climate-related financial disclosure (TCFD) of which ENI is a member. since the foundation. ENI said the company's commitment to progressive decarbonization is at the heart of its roadmap for energy transition, implying a significant reduction in the carbon footprint linked to the portfolio of companies. activities. ENI's new strategy aims to achieve net greenhouse gas emissions of perimeter 1 and perimeter 2 by 2040, and to reduce net greenhouse gas emissions by 80% life cycle of energy products sold 2050 vs 2018, a target that exceeds the 70% reduction threshold set by the International Energy Agency in the sustainable development scenario, which is in line with the targets of the Paris agreement.