Business model
Eni’s business model targets long-term value creation for its stakeholders by delivering on profitability and growth, efficiency and operational excellence and handling operational risks of its businesses, as well as environmental conservation, and local communities relationships, preserving health and safety of people working in Eni and with Eni, in respect of human rights, ethics and transparency.
The main capitals used by Eni (financial capital, productive capital, intellectual capital, natural capital, human capital, social and relationship capital) are classified in accordance with the criteria included in the “International IR Framework” published by the International Integrated Reporting Council (IIRC).
2014 financial results and sustainability performance rely on the responsible and efficient use of our capitals.
Hereunder is articulated the map of the main capitals exploited by Eni and actions positively effecting on their quality and availability. At the same time, the scheme evidences how the efficient use of capitals and related connections create value for the company and its stakeholders.
For detailed information on results associated to each capital and to the way by which each strategic target is achieved see the tables. Integrated Performance
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integrated risk management
Integrated risk management model across our businesses
governance
Framework of stringent and clear rules of governance
strategic guidelines
What are the strategic guidelines to use and develop our assets?
- profitable and selective upstream growth
- focus on core areas
- partnership with NOCs
- reduction of time-to-market
- operatorship
- gas supply contracts renegotiation
- development of green fuels and chemical products
- trading in energy commodities
- customer retention in gas and fuel markets
- efficiency and cost control
- reduction of capacity in downstream businesses
assets
What distintive assets for delivering Sustainable Value?
- solid and competitive resource base
- conventional oil&gas assets with low breakeven
- skills in exploration activities and upstream operations
- gas supply portfolio aligned to market conditions
- large and loyal customer base
- bio-refineries and green chemical plants
- eni brand
drivers
What principles for delivering Sustainable Value?
- integrity in business management
- support Countries development
- excellence in conducting operations
- innovation in developing competitive solutions to face complexity
- inclusiveness of Eni's people and development of know-how and skills
- integration of financial and non-financial issues in the company's plans and processes
financial capital | |
stock of capital
value creation for Eni
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Eni’s main actions
value creation for Eni’s stakeholders
|
productive capital | |
stock of capital
value creation for Eni
|
Eni’s main actions
value creation for Eni’s stakeholders
|
intellectual capital | |
stock of capital
value creation for Eni
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Eni’s main actions
value creation for Eni’s stakeholders
|
human capital | |
stock of capital
value creation for Eni
|
Eni’s main actions
value creation for Eni’s stakeholders
|
social and relationship capital | |
stock of capital
value creation for Eni
|
Eni’s main actions
value creation for Eni’s stakeholders
|
natural capital | |
stock of capital
value creation for Eni
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Eni’s main actions
value creation for Eni’s stakeholders
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