Materiality and stakeholder engagement

Eni’s materiality definition process

Materiality is the result of the identification and priorization of the relevant sustainability issues that impact significantly the company’s ability to create value.

Eni’s materiality definition process aims to ensure that the relevant issues are both shared with the highest decision levels and also taken into account in all the company processes starting from the integrated risk management process, strategy planning, stakeholder engagement, reporting and internal/external communication, to the implementation of operational decisions.

The first step of the materiality definition process is the identification of relevant issues implemented on the base of the top management’s strategic vision, the results of the risk assessment and the stakeholders’ perspective.

In 2015, the vision of top management has arisen in the phase of the definition of four-year strategic plan: in the guidelines defined by the Chief Executive Officer, preceding the definition of the four-year plan, were highlighted the most important sustainability issues for the business.