Annual Report 2013
Eni’s 2013 annual report is the integrated report prepared in accordance with principles included in “Prototype of the International Framework”, published by International Integrated Reporting Council (IIRC). It is aimed at representing financial and sustainability performance, underlining the existing connections between competitive environment, group strategy, business model, integrated risk management and a stringent corporate governance system.
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Eni’s business model targets long-term value creation for its stakeholders by delivering on profitability and growth in each of its businesses, improving efficiency and mitigating risks. These results rely on the responsible and efficient use of our capitals.
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Against a challenging trading environment reflecting higher Country risks in the upstream segment and continuing weak fundamentals in the European market, management reaffirms its strategy of profitable growth in the upstream and offurther strengthening and turning around the mid-downstream businesses.
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Eni’s Corporate Governance system, inspired by Integrity and transparency principles, supplementing the Company’s business strategy, is designed to sustain the relationship of trust between Eni and its stakeholders and to help achieve business results, creating sustainable long-term value.
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