In a statement released on May 15, 2024, Eni, the hydrocarbon multinational, revealed its sustainability balance sheet for 2023. Eni emphasized that deforestation was at the top of its agenda, in line with the neutrality objectives set for 2050.
Through investments in research and development, Eni has already reduced net scope 1 and 2 emissions in the Upstream sector by 40%, and global emissions by 30%, compared to 2018. Emphasis is given to the reduction of methane emissions, reduced by more than 20% by 2023 for the Upstream businesses.
The statement also highlights strategic collaborations with international partners, such as Sonatrach in Algeria, EGAS in Egypt and ADNOC in the United Arab Emirates, to help meet the challenges of the energy transition.
In line with the COP28 agreement, Eni advocates an equitable, orderly, fair and pragmatic energy transition. This includes investments to reduce emissions related to Oil and Gas production, expansion of the gas portfolio, investments in renewable energies, Carbon Capture and Storage projects, and industrial development of magnetic confinement fusion.
The company emphasizes just transition as a central part of its strategy, with projects aimed at managing the social impacts of transformation, maximizing local development opportunities and working in partnership with the communities involved, respecting human rights and protecting health and the environment.
