Fight against corruption
Transparency International’s Corruption Perception Index (CPI) captures and monitors annually perception of levels of corruption in the world. The index shows a range of values from zero to one hundred. In Countries with values below 50 the situation is considered worrying.
Corruption has highly negative effects on the economies of developing Countries and on the quality of life of the citizens.
A recent study carried out by the World Bank rankes Sub-Saharan Africa among the regions with the highest rate of perception of corruption1. Likewise, the African Union estimates that the cost of corruption throughout the continent is equal to $148 billion dollars a year, 25% of its GDP2.
(1) Worldwide Governance Indicators (WGI) Project, 2014.
(2) WORLD BANK, Worldwide Governance Indicators, 2013.
Table: Geographical area
Corruption is an intolerable obstacle to business efficiency and fair competition.
For this reason eni has put in place a rigorous management system, in line with national and international anti-corruption regulations, including the UK Bribery Act. This system was continuously updated throughout 2013. A central corporate function, the Anti-Corruption Legal Support Unit, created in 2010, provides anti-corruption consulting and specialist assistance for eni’s people and unlisted subsidiaries.
In 2013 eni emerged as a forerunner in terms of transparent corporate reporting according to the research conducted by Transparency International Italia based on a sample of major Italian companies. The companies were assessed with regard to how much information they disclose on anti-corruption programmes, organizational transparency and reporting in the different Countries.
Anti-corruption training is compulsory and is extended to all people at risk, in Italy and abroad. The aim is to illustrate the applicable internal and external anti-corruption laws and to provide the knowledge and tools to recognize potentially criminal conduct, the actions to be taken, the risks, responsibilities and sanctions that may result.
In 2013 eni emerged as a forerunner in terms of transparent corporate reporting according to the research conducted by Transparency International Italia.