Our business model

We are an integrated energy company that wants to contribute to a socially equitable energy transition through solid and economically sustainable solutions. Our business model aims to create long-term value for all stakeholders by being present throughout the energy value chain. Our company mission includes the Sustainable Development Goals (SDGs) of the United Nations 2030 Agenda.Through our activity, we aim to meet what the World Energy Council calls the ‘energy trilemma’: the need to reconcile environmental sustainability, universal access to energy and energy security. We leverage the diversification of our geographical presence, the differentiation of energy sources according to the principle of technology neutrality and the ability to seize growth opportunities in different sectors.

Our integrated model combines the use of proprietary and breakthrough technologies with the development of an innovative satellite model, which involves the creation of dedicated companies capable of independently accessing the capital market to finance their own growth and showcase the real value of each business. In the way we operate, the ability to build a network of partnerships and alliances with stakeholders and the countries in which we operate is central to ensuring active involvement in defining Eni's activity and transforming the energy system.

Responding to the energy demands of a growing economic and demographic world, while maintaining global commitments to sustainability: these are the two goals we must work towards as a global energy company. To respond to different types of markets and contexts, our activity is based on energy diversification , with a production cycle involving the entire value chain. At the same time, we aim to achieve carbon neutrality by 2050 as envisaged by the Paris Agreement to keep global warming within the 1.5°C threshold at the end of the century.

In specific terms,  we support a just transition, developing and enhancing the skills and aptitudes of our people and promoting diversity and inclusion. By prioritising our customers, we strive to offer increasingly decarbonized products and services.

^{(a) The beneficiaries include only those trained and/or supported for the start-up or strengthening of specific economic activities, not beneficiaries of the construction of infrastructure (roads, civil buildings, etc.) or new agri-business activities being started. In some cases, beneficiaries are not trained but receive input, funding or other support to start businesses.}

^{(b) Access to electricity provided through local development initiatives is considered, not through Eni’s energy supply to the local market.}

We have identified three essential elements to support our path towards the Net Zero by 2050 target:

• Proprietary and breakthrough technologies that allow us to increase the efficiency of our operations and support the evolution of our company.
• New business models that focus on customers and provide access to diversified markets.
• Alliances with stakeholders, including industry partners, institutions, customers, communities, citizens and, of course, our people, help us develop synergies, solutions and new regulatory frameworks.

In order to increase structural innovation opportunities, we cultivate a network of partnerships with universities, start-ups, venture capital initiatives and public and private institutions, creating a virtuous ecosystem geared to Open Innovation.