Key sustainability issues and stakeholders’ perspective
Eni’s key sustainability issues: definition process
Eni defines and reports annually on key sustainabilty issues for the Company and stakeholders. The definition of these topics is based on a process of identification and prioritization which includes:
1 Analysis of sustainability scenario
Analysis of the context in which Eni operates, highlighting the emerging issues of sustainability, the relevant issues and the progress compared to the targets set. This scenario analysis is presented and examinated in the Sustainability and Scenarios Committee and approved by Eni’s Board of Directors.
2 Risk assessment results
Identify the main Eni’s risks including those with potential impacts on environment, health and safety, social and reputational aspects.
3 Stakeholders’ perspective
This process identifies key issues for different stakeholders designed in accordance to the international standards such as the Global Reporting Initiative, (GRI), Accountability AA1000 and the IFC guidelines “Stakeholder Engagement: A Good Practice Handbook for Companies Doing Business in Emerging Markets” which considers the potential impacts on stakeholders referring to environmental, social and governance issues (ESG).
The topics arisen from the analysis and evaluations are the basis to define Eni’s strategic sustainability Guidelines, issued by the Chief Executive Officer for all business segments. These Guidelines are deployed in the four-year strategic plan and the managerial targets are defined. These also identify key and material sustainability issues , which able the company to create value in the short, medium and long-term. These topics are represented below according to the three levers of Eni’s business model (Path to Decarbonization, Operating Model, Cooperation Model).