The partnerships and advocacy initiatives for carbon neutrality

Through partnerships we contribute to supporting the energy transition, sharing best practices and creating value for the company and stakeholders. At the same time, we promote dialogue with governments, legislators and other companies to shape or support global policies and regulations that incentivise climate change mitigation. We directly engage with governments and legislators and through trade associations or multi-sectoral coalitions. 

We have been promoting various initiatives to involve the entire value chain for some time. Learn more about the relations with our suppliers:

• eniSpace: a collaborative platform dedicated to Eni's suppliers where information can be found for those who collaborate or want to collaborate with Eni by sharing common goals and values
• Sustainable Procurement: Eni shares values, commitments and objectives with the supply chain, verifies the ESG positioning of its suppliers and engages them in a sustainable growth journey by providing programmes for the continuous improvement of ESG performance
• Open-es: a unique platform where the sustainability data sharing component is complemented by a particular focus on growth and collaboration between companies, through a simple, flexible and tailor-made approach.

Aware of the centrality of national and international institutions for the implementation of the Paris Agreement, we dialogue with policy-makers both directly and through trade associations. We therefore help to define strategies and standards to accelerate the transition to Net Zero, underpinned by the principles we consider essential in combating climate change in every context. These are some of our main activities:

• we support the goals of the Paris Agreement and Net Zero by 2050. E.g. Eni is committed to make its contribution to achieving the 2050 Net Zero target of the Paris Agreement and has therefore set a Net Zero Scope 1, 2 and 3 GHG emissions target by 2050, associated with Eni’s entire value chain, both in absolute terms and in terms of intensity. Moreover, Eni:
  • plans to install more than 15 GW of renewable capacity by 2030 (3 GW in 2023), contributing to the global target set by the COP28 of tripling installed renewable capacity by 2030
  • supports the widespread use of transition fuels such as biofuels that enable cost-efficient emission reductions, particularly in hard-to-abate sectors (e.g. aviation and heavy transport) and make use of existing infrastructure
  • welcomes the call for CCUS in the international context as a technology necessary to achieve Net Zero and a solution that will play an important role in reducing emissions from its own operations as well as from the hard-to-abate sectors and for the production of low-carbon hydrogen
  • recognises the importance of significantly reducing methane emissions by 2030 and confirms that it has already achieved the Upstream emission intensity target of below 0.2% (0.08% by 2022). Over the last five years (2018-2022), Eni has more than halved its direct methane emissions, reducing the fugitive component by around 80%.

• • we acknowledge the role of natural gas in the transition. E.g. Reducing methane emissions, April 2022 - New rules to prevent methane leakage in the energy sector. We support the proposal for an EU-wide law to cut methane emissions, with the goal of achieving climate neutrality by 2050. In this regard, we share the European Commission’s goal of improving the accuracy of source information and reducing methane emissions. We also suggest improving the proposed regulation, taking into account that the requirements should balance the rate of emissions and the associated likelihood of occurrence with the costs for operators to comply with the obligations

• we support carbon pricing mechanisms. E.g. November 2020 – Updating the EU Emissions Trading System. In the long run, a uniform carbon price may become the most efficient policy instrument to achieve climate goals. • However, the mechanism must be carefully designed to adequately protect the industry against the risks of carbon leakage

• we support increased energy efficiency and the development of low and zero carbon technologies. E.g. November 2020 – Review of Directive 2012/27/EU on energy efficiency. We support a review of the EED with more ambitious 2030 targets, where we see a strong role for energy efficiency, particularly considering the goal of an increasingly integrated energy system

• we promote the role of Natural Climate Solutions and are committed to developing NCS projects that generate high-quality carbon credits used to offset residual emissions. E.g. Carbon Removal, May 2022 -  Certification of carbon removals – EU rules. We welcome and support the European Commission’s initiative on the certification of carbon removal solutions. We believe that harmonising the rules on the certification of all types of carbon removal activities at a European level will increase the confidence of private actors in the development of such solutions, since the environmental and social benefits of their implementation are clear. This will also facilitate decision-making and encourage investment in this market

• we support transparency and climate disclosure. E.g. Climate disclosure standards: August 2022 – EFRAG Draft of European Sustainability Reporting Standards E1 - Climate Change. We support the proposal for a European climate reporting standard and believe that, in general, the requirements proposed by EFRAG are useful to ensure comprehensive reporting on companies’ decarbonization strategy. We hope that the most important international standard setters will soon issue clear guidance on the metrics required by the standard whose calculation methodologies are still debated.

These principles are published in the guidelines on Eni's Responsible Engagement which we first issued in 2020.