Eni’s business model is focused on creating long-term value, for both the company and its stakeholders, through the achievement of goals relating to profitability and growth, efficiency, operational excellence and prevention of business risks. Eni recognizes that the main challenge in the energy sector is providing access to energy resources for all efficiently and sustainably, while combating climate change.
To meet this challenge, Eni has adopted an integrated strategy to pursue its operating objectives, combining financial robustness with social and environmental sustainability, based on:
- a path to decarbonization;
- an operating model that reduces business risks as well as social and environmental impacts;
- a host country cooperation model based on long-lasting partnerships.
Accordingly, support for countries’ development in order to promote efficient and sustainable access to energy resources for all, valuing people, environmental protection, combating climate change, safeguarding health and safety, respect for human rights, ethics and transparency are fundamental values integrated within the Eni business model.
The Eni Board of Directors has always played a central role in the definition of sustainability policies and strategies, and also in the validation of relative results.
While carrying out the related duties, the Board is supported by the Sustainability and Scenarios Committee, established by the Board of Directors in 2014. The importance that Eni places on this area is demonstrated by the fact that, once again in 2017, the CEO’s variable Incentive Plan and those for all managers with strategic responsibilities include sustainability objectives.
In order to pursue these objectives, Eni has set-up organizational and management models, operating tools and cross-functional working groups for the various sustainability areas.
A strategy aiming for growth
We have transformed our company so we can face the challenges posed by the new energy environment, following a strategy based on diversifying our areas of business and increasing decarbonization.