From today, the “Eni for 2023 – A Just Transition” report. This is a voluntary report on sustainability that tells the story of Eni's journey in fair and just transition. The fixed point in the description of the state of the art, at company level, in the transition from the use of energy sources with a high carbon footprint to energy sources with low emissions is that "the transition is irreversible". Conclusion that is reflected in the textual words of Claudio Descalzi, CEO of Eni, convinced that this change must be guaranteed "without sacrificing the competitiveness of the production system and social sustainability".
Eni, in 2023, celebrated its 70 years since it was created by the Italian State as a Public Economic Body, under the direction of Enrico Mattei. Never was a year more significant in the matter of decarbonization. In fact, 2023 has consecrated the industrial transformation plan as the true new face of the company. The objective is carbon neutrality by 2050, with clear intermediate goals as early as 2025. Also through important targeted investments in research and development, Eni has already reduced emissions by 40%. net Scope 1 and 2 emissions in the Upstream sector and by 30% overall compared to 2018. Particular commitment is aimed at reducing methane emissions (decreased by over 20% in 2023 as regards the Upstream business), as also demonstrated by the recognition of Gold Standard by UNEP's Oil and Gas Methane Partnership 2.0 (OGMP 2.0) program and participation in numerous global initiatives, including the World Bank's Global Flaring and Methane Reduction fund. The company has also entered into strategic collaborations with international partners, such as Sonatrach in Algeria, EGAS in Egypt and ADNOC in the United Arab Emirates, to support its partners in addressing the challenges of the energy transition.
In line with the agreement reached in COP28 - we read in the document - Eni shares the need for an energy transition that occurs in a fair, orderly, equitable and pragmatic manner. Both the investments to reduce emissions connected to Oil and Gas production and expand the gas portfolio, a bridge vector in the energy transition path (the acquisition of Neptune Energy, the start of production from the Congo LNG project), and the expansion in the renewables sector with the 3GW of installed capacity of Plenitude, the birth of Enilive and the expansion of biorefining capacity for more sustainable mobility or the Carbon Capture & Storage projects, particularly in Italy and the United Kingdom. Investment also continues to accelerate the industrial development of magnetic confinement fusion, which would allow the generation of large quantities of energy at zero emissions safely and virtually unlimitedly. Projects such as the conversion of the Livorno refinery into a biorefinery, the Oyo Center of Excellence for Renewable Energy and Energy Efficiency in Congo or the partnerships with the ILO (International Labor Organization) to promote the safety and health of farmers at work of the agri feedstock supply chains and with IRENA to promote the development of skills for the transition, are further witnesses of the company's commitment towards a fair and inclusive transition, also and above all thanks to the partnerships with the countries in which Eni operates.
On the page dedicated to the report, in addition to the interactive infographics, which allow an understanding at a glance of the processes and stories narrated in the text, there are several links to interviews, videos and case studies. You can also download the previous reports which, since 2018, Eni has spontaneously published on its website.
