Page 15 - EniFor2016_Report_eng

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Eni for 2016 | Path to decarbonization

Climate

governance

In 2016 Eni broadened the of the context and analysing 6 of the 10
Climate Action Plan it adopted in the potential impacts on the
2015 by giving greater emphasis Company’s business model. meetings
to the development of renewable The CEO’s 2017 variable
energies for its own consumption incentive plan also envisages a of the
and for electricity production sustainability target weighted Sustainability
and direct sale to the market. 25% and composed of two
The Sustainability and Scenarios sub-objectives: the first involves and Scenarios
Committee supported the Board reducing the GHG emission Committee
of Directors in the assessments intensity rate in the operated
related to climate change by production of hydrocarbons, dealt with
addressing the issue in 6 of the in line with the 2025 objectives; climate
10 meetings, focusing especially the second concerns worker
on the energy scenarios and safety performance (Severity change
development Incident Rate).
of renewable sources. For managers with strategic
The Control and Risks responsibilities, the guidelines
Committee also prepared an envisage remuneration tools that
analysis of the long-term risk are strictly consistent with those
profile, examining the evolution of the CEO.

Risk

management

The process for managing Financial Disclosure , of which and other risks which impact
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the risks and opportunities Eni is a member. Climate change on the business.
associated with climate change risk identifies the possibility of The risks and opportunities
is carried out by considering changes occurring to aspects associated with climate change,
5 drivers, in line with the associated with climate change analysed particularly with regard
recommendations of the Task which may generate, in the short, to the four-year strategic plan
Force on Climate Related medium and long term, physical and over the long term, concern:

13) The Task Force on Climate Related Financial Disclosure (TCFD) was set up by the Financial Stability Board with the aim of defining
recommendations for companies on climate change disclosure.