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We are an integrated energy company committed to the energy transition with solid actions for carbon neutrality by 2050
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GHG emissions reporting and verification
Eni reports its GHG emissions consistently with leading international standards and industry best practice. More specifically, Scope 1 and 2 emissions are accounted for both from an operational perspective (100% of emissions from assets over which Eni has operational control) and from an equity perspective (for assets operated by Eni and those from third parties). Eni adopts the operational control approach extensively, encompassing 100% of GHG emissions from assets with operational control and jointly controlled companies. Scope 3 emissions are instead reported according to the categories defined by the GHG Protocol standard and the industry guidelines of the global oil and gas association for advancing environmental and social performance across the energy transition (IPIECA). The most relevant component for the sector is the emissions related to the final consumption of the products sold (GHG protocol category 11), which is accounted for in equity share on the basis of the prevailing business segment (production sold of Upstream hydrocarbons). We subject GHG emissions to a verification process by a third-party certifier as part of our sustainability report. The resulting indicators are published annually and certified by the auditor. For more information, please consult the Declaration on the Accounting and Reporting of GHG Emissions and the corresponding Auditor's Report.
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Value Chain Methodology
Eni's value chain methodology refers to proprietary and distinctive GHG emission reporting. It was developed with the support of independent experts and is being progressively improved to reflect the latest developments in emission reporting standards. Our approach is inspired by lifecycle analysis (LCA), which considers the entire life cycle to assess the carbon footprint of a product or process. This methodology allows for an integrated view of Scope 1+2+3 GHG emissions linked to the entire life cycle of the energy products sold by Eni (from a Well-to-Wheel perspective) net of carbon offsets.
The volumes of energy products and emissions generated throughout the entire value chain are quantified from an equity perspective and on the basis of an extended perimeter, which includes both its own production and volumes purchased from third parties. Eni has adopted this approach to define its medium to long-term decarbonization targets, both in terms of absolute emissions (Net GHG Lifecycle emissions) and emission intensity (Net carbon intensity).
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Net Zero indicators
Eni's path to carbon neutrality in 2050 is made up of a series of targets that involve first of all achieving net zero emissions (Scope 1+2) from the Upstream business by 2030 and from Eni in its entirety by 2035, and then achieving Net Zero by 2050 from all GHG Scope 1+2+3 emissions associated with the entire value chain of energy products sold, both in absolute terms and in terms of intensity. Here is the performance of the main indicators from an equity perspective net of carbon offsetting (mainly obtained from Natural Climate Solutions). ). For more information: Eni For 2023 - A Just Transition p. 48.
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Net GHG Lifecycle Emissions
The indicator refers to the absolute Scope 1+2+3 GHG emissions associated with the supply chain of energy products sold by Eni, including both those derived from Eni's own production and those purchased from third parties. In 2023, the indicator decreased by about 5% compared to 2022, mainly driven by the decline in gas sales in the GGP sector. Carbon credits offset 5.9 MtCO2eq. (vs. 3 MtCO2eq. in 2022).
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Net GHG Emissions
From this reporting cycle, Eni introduced the indicator Net Scope 1+2+3 GHG Emissions, which considers equity assets and is not associated with any corporate targets. The new indicator includes all Group Scope 1+2 emissions and Scope 3 emissions from the use of sold products (GHG Protocol category 11), consistent with international and industry standards (GHG Protocol/IPIECA). This indicator differs from Net GHG Lifecycle Emissions, which instead takes into account all Scope 1+2+3 emissions from energy products sold by Eni according to a lifecycle approach, and is applied to a broader scope that also includes products generated by third parties (e.g. natural gas produced by third parties and sold by Eni). In 2023, Net GHG Emissions were broadly in line (+3%) with those from 2022.
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Net Carbon Intensity
The indicator is calculated as the ratio between Net GHG Lifecycle Emissions and the energy content of energy products sold by Eni. In 2023, there was a slight reduction in the indicator (-1%) mainly due to the lower emission impact of the third-party gas portfolio mix and the gradual growth of renewable energy production.
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Upstream Net Carbon Footprint
The indicator considers the Scope 1+2 GHG emissions of Upstream assets operated by Eni and third parties. In 2023, the indicator improved by approximately 10% compared to 2022. The result benefited from optimization and efficiency actions in operational management.
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Eni’s Net Carbon Footprint
The indicator considers the Scope 1+2 GHG emissions of the activities carried out by Eni and third parties. In 2023, the indicator improved by around 13% mainly due to a decrease in emissions related to the Power, GGP, Upstream and Chemicals businesses.
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Scope 1 and 2
Overall, direct GHG Scope 1 emissions from the assets operated by Eni in 2023 amounted to 38.7 million tonnes of CO2eq., a reduction compared to 2022, mainly due to the decrease of emissions in the Chemicals, Power and GGP business, partially offset by an increase in the Upstream sector. The Upstream Scope 1 emission intensity index is broadly in line with 2022 (+0.5%).
In 2023, indirect GHG Scope 2 emissions decreased by around 8% compared to 2022, due to lower consumption in the Chemicals sector and Upstream. These emissions are related to the purchase of energy from third parties for the consumption of the operated assets and are marginal for Eni as electricity is generated mainly through its own installations.
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Methane emissions
The topic of methane emissions has assumed central importance in the international climate debate in view of its significant climate-changing effect and the recognition of its role in terms of opportunities to mitigate global warming in the short to medium term.
Upstream Methane Fugitive Emissions
Upstream fugitive emissions were lowered by approximately -30 ktCO2 eq. compared to 2022 due to the implementation of LDAR (Leak Detection And Repair) campaigns carried out on a regular basis. Today they cover 99.7% of Eni's managed assets, and full coverage is expected by 2024.
The emission intensity of methane in the Upstream sector
Methane emissions in the Upstream sector are being reduced by 21% compared to 2022 mainly due to the monitoring campaigns carried out, which are in line with the requirements of the Oil & Gas Methane Partnership 2.0. In 2023, Eni was awarded the “Gold Standard” OGMP 2.0 reporting level by the United Nations Environment Programme (UNEP). Methane emission intensity therefore improved to 0.06% from 0.08% in 2022, in line with the commitment to remain well below 0.2%.
Upstream Routine Flaring Volumes
Hydrocarbon volumes sent to routine flaring in operated/operated Upstream assets decreased by 8% compared to 2022, mainly due to efficiency improvements and flaring down in Egypt, Nigeria and Ghana.
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Energy efficiency
The energy efficiency actions undertaken during the year resulted in an actual primary energy saving of around 394 ktoe/year compared to baseline consumption, mainly from Upstream projects (about 86%) and with a benefit in terms of emissions reduction of about 1 million tonnes of CO2eq. If scope 2 emissions, i.e. emissions from purchased electricity and heat, are also taken into account, the CO2 savings from energy-saving projects amount to almost 1.03 million tonnes of CO2eq. The Exploration and Production sector made a major contribution to this result, with 68 energy efficiency initiatives (applied in 14 companies across 12 countries), resulting in fuel savings of around 340 ktoe/year.
In 2023, Eni's consumption of primary sources increased overall due to the introduction of new Upstream assets in Algeria (In Amenas and In Salah), with an increase in fuel gas consumption. The total energy consumed amounted to 516.2 million GJ, of which E&P represented 234 million GJ, Plenitude & Power 159 million GJ, R&M and Chemicals 110 million GJ, Global Gas & LNG Portfolio 12 GJ and Corporate and Other activities 1.4 million GJ.
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All data on our sustainability performance
The results we obtain in the areas of sustainability available in the form of graphs and tables.
Net Zero: our path to decarbonization
We aim to achieve carbon neutrality by 2050 through a plan with progressive targets involving all sectors.
Eni for 2023. Browse the interactive feature
Discover the sustainability report that brings together our goals, commitments and achievements for a socially just energy transition.
Carbon Offset Solutions
Initiatives to protect local areas and ecosystems and technological solutions to offset greenhouse gas emissions.
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