. Commits to net zero emissions by 2050
Parts of the main outcomes and objectives of Eni’s energy transition pathway, is its commitment towards achieving net zero emissions by 2050.
In its recently published, Eni for 2022 – A just transition, the company’s voluntary sustainability report, the Italian energy company said such a target can only be achieved with the support of employees, suppliers, communities, and costomers through an inclusive and transparent approach.
The report describes Eni’s contribution to a just transition that ensures access to efficient and sustainable energy, while sharing the social and economic benefits.
Eni’s Chief Executive Officer, Claudio Descalzi, was quoted as saying: “In addressing the challenges in the energy sector that Eni faces, we keep our priorities firmly on track with an ongoing commitment to promote energy access, local development, and environmental protection.
“The success of our strategy cannot be achieved without collaboration with our stakeholders, from private individuals to the public sector, international organizations, civil society associations, and research institutes.
“Today, more than ever, it is necessary to pool resources and human capital, through a broad vision that allows us to align our common goals, to reduce geographical gaps and promote global human progress.”
With regards to the carbon neutrality strategy, Eni affirmed that all its decarbonisation targets are anchored on sound investments to achieve net zero emissions by 2050.
To this end, the company said it achieved a 17% reduction in Scope 1, 2 and 3 emissions, compared to 2018 levels, and continued implementing the necessary measures to achieve Scope 1 and 2 net zero emissions in the Upstream by 2030, by investing in emission-reduction technologies and developing low-carbon projects.
This operating year, Eni said it launched the FPSO that will be used for production from the Baleine field in Côte d’Ivoire, the most important discovery ever made in the country and the first net zero development for Scope 1 and 2 emissions in Africa.
The report describes Eni’s contribution to a just transition that ensures access to efficient and sustainable energy, while sharing the social and economic benefits.
SDGs strategy
In Eni’s strategy, the United Nations’ Sustainable Development Goals (SDGs) are a fundamental reference for conducting activities in the countries of operations.
“Agri-business projects, for example, embodies the fundamental pillars of Eni approach for the just transition, an energy transition with a strong innovative component combined with a concrete focus on the social dimension.
“In this context, Eni is committed to ensure that the decarbonisation process offers opportunities to convert existing activities and develop new production chains with significant perspectives in the countries where it operates.
“In 2022, the first cargo of vegetable oil produced in Kenya not competing with the food production chain, from waste and raw materials produced on degraded land, was delivered to Eni’s biorefining plant in Gela, with substantial positive impacts on employment and local development. The model will be replicated in other countries,” the report said.
It added that “To achieve a just transition, particular attention was paid to initiatives to promote access to energy and education in the countries of operation.
“These include the projects in Côte d’Ivoire, Mozambique, Nigeria, and Ghana to facilitate access to clean cooking. In Côte d’Ivoire, more than 20,000 cooking stoves were distributed in just six months, reaching more than 100,000 beneficiaries.
“In Nigeria, the company improved access to water through the commissioning of 22 water wells powered with photovoltaic systems.
“Furthermore, Eni has promoted the right to education in Congo, Ghana, Iraq, Mexico, Mozambique, and Egypt, where it opened the Zohr Applied Technology School to significantly increase the number of youths with upgraded technical and professional skills in the energy and technology fields.
