Eni
Decarbonising oil and gas
1
We believe the company is adapting to meet increased demand for cleaner energy and growing emissions-disclosure regulations.
Our ITR methodology calculates Eni’s temperature as being 2.0°C, in line with the Paris Agreement and half the oil and gas sector’s average of 4.0°C .
The oil and gas sector is responsible, directly or indirectly, for about 42% of global emissions. The decarbonisation of energy companies is therefore critical to achieving net zero.
6
5
It is among the few companies in any sector with scope 1, 2 and 3 target and began disclosing emissions for all scopes in 2011.
Decarbonising oil and gas
1
Eni
73%
by 2040
To meet its scope 1, 2 and 3 emissions targets for 2050, Eni has committed to reductions, compared to a 2018 baseline, of:
32%
by 2030
51%
by 2035
10
Decarbonising oil and gas
Eni
In total, Eni has committed to spending EUR 13.8 billion between 2023-2026 on reducing its scope 1, 2 and 3 emissions.
13,000 EV charging points last year provided 2GW installed capacity
To achieve its emission targets, Eni is focusing on improving existing operations and investing in cleaner fuels. Specific actions include:
Downstream reductions
Volumes fell 9% YoY in 2022 and
are expected to keep declining
Reducing routine flaring
Detecting pipeline leaks and repair programmes reduced emissions by about 50 ktCO2e
Further cutting fugitive emissions
9
8
7
