COMPANY
We are an integrated energy company committed to the energy transition with solid actions for carbon neutrality by 2050
Company
Governance
Sustainability
Governance
Vision
Actions
Products
Actions
Energy Diversification
Technologies for the transition
Technologies for the transition
Partnership for innovation
Activities around the world
Investors
Media
Careers
Net Zero: Reaching carbon neutrality through an industrial transformation
Our long-term strategy aims to achieve carbon neutrality by 2050 through a plan characterized by intermediate targets involving all company sectors in Italy and worldwide, based on established technologies and developing cutting-edge solutions.
Eni aims to create value and decarbonize the company. It has set itself some of the most challenging emission reduction targets in the energy sector, both in terms of intensity and in absolute terms, across all activities and the entire product supply chain.
Francesco Gattei
Chief Financial Officer of Eni
We contribute to the energy sector's transition towards more sustainable sources, following a strategy compatible with global climate goals and continuing to ensure supply security and sustainability.
We have embarked on a profound industrial transformation involving all business lines, enabling us to achieve the Net Zero target by 2050. The evolution is based on the most efficient technological solutions available and, simultaneously, on the research and development of innovative technologies.
On our path to decarbonization, we set progressive reduction targets for net emissions, starting with those generated directly by our own operations (Scope 1 and 2) and then including those of our customers, i.e., related to the end use of our products (Scope 3), calculated over our products’ entire life cycle. Specifically, we aim for net zero emissions from Upstream activities by 2030 and all of Eni by 2035 (Scope 1+2), reaching Net Zero by 2050 for all GHG emissions (Scope 1+2+3). Eni plans only to use carbon offsets to compensate for emissions it cannot otherwise reduce to zero.
Continue reading
Reduce
Three levers for an effective and sustainable business model
Through the use of proprietary technologies and the diversification of energy sources, we control the entire energy value chain, basing our integrated business model on three levers:
Reducing emissions to limit the impact on the climate
Reducing emissions is integral to our long-term strategy towards Net Zero by 2050.
SCOPE 1
Direct emissions, attributable to Eni’s production facilities.
SCOPE 2
Indirect emissions from power, heat, and steam generation, purchased from other energy companies and consumed by Eni’s production facilities.
SCOPE 3
Indirect emissions produced throughout Eni’s product value chain, upstream and downstream of the company’s operations (e.g., suppliers and clients).
The steps to achieve Net Zero
Our goals towards achieving carbon neutrality by 2050.
2030
2035
2040
2050
35% reduction (vs 2018)
of net lifecycle Scope 1+2+3 GHG emissions
55% reduction (vs 2018)
of net lifecycle Scope 1+2+3 GHG emissions
80% reduction (vs 2018)
of net lifecycle Scope 1+2+3 GHG emissions
Reaching the finish line
Zero net lifecycle Scope 1+2+3 GHG emissions
Specific actions to decarbonize our activities
We align our growth and industrial transformation plans with the decarbonization goals in the medium- and long-term strategy involving the entire value chain. We plan to progressively reduce emissions by increasing the share of natural gas in the production mix. At the same time, we work to expand renewable energy development and focus on the circular economy to offer new energy solutions and services. The conversion of conventional refineries into biorefineries goes in this direction.
CO2 capture, storage, and utilization (CCUS) projects will complement existing technologies by reducing hard-to-abate residual emissions. Compensation through carbon credits has a marginal role in this process.
Our strategy to reach carbon neutrality by 2050
Our strategic approach enables us to offer our customers a full range of increasingly decarbonized products and services, aiming to achieve net zero direct and indirect emissions by 2050.
Eni for 2022. How we support development and carbon neutrality
Goals, strategies, projects, and results for a fair and inclusive energy transition; browse the interactive special and download the full document of our sustainability report.
Activities in progress
Our business model includes a pathway towards progressive GHG emissions reduction, including ongoing actions and intermediate milestones.
Natural gas: an important contribution to decarbonization
Our Oil & Gas portfolio relies increasingly on natural gas, a versatile resource that can support the energy transition.
Show More
Renewable energies for carbon neutrality
We leverage skills and technologies to research and develop diversified energies to make our activities more sustainable.
Show More
Bioenergy, energy from biogenic raw materials
Increasing production capacity in bioenergy, particularly in biofuels and biomethane, will contribute to achieving the Net Zero target.
Show More
Our partnerships for carbon neutrality
We involve academia, institutions, and industrial partners in developing solutions that can contribute to decarbonization and offer increasingly sustainable products to households and businesses.
Eni is working to ensure that the decarbonization process offers opportunities to convert existing activities and develop new production chains, with significant opportunities in the countries where it operates.
Claudio Descalzi
Chief Executive Officer of Eni
