Eni sets a target to cut greenhouse gas emissions from its production and the products it sells by 80% by 2050

OGCI member company Eni announced its long-term strategic plan to 2050 and Action Plan 2020-2023, which raise ambition on reducing its carbon footprint. Eni confirmed its upstream net carbon neutrality target for scope 1 and 2 emissions by 2030 and announced a new net carbon neutrality for scope 1 and 2 emissions for the entire Eni group by 2040.

Eni has developed a rigorous methodology for the comprehensive measurement of greenhouse gas emissions. This method detects all emissions, scope 1, 2 and 3, in absolute and relative terms, related to the energy products sold, whether they derive from Eni’s own production or purchased from third parties. This distinctive approach exceeds current emissions detection standards and provides an integral view of emissions.

The industrial strategy would lead to a reduction in 2050 of 80% net absolute emissions (well over the 70% threshold indicated by the IEA in the SDS scenario compatible with the objectives of the Paris Agreement) and the emission intensity of 55%.

The method was reviewed by independent experts from Imperial College London (through Imperial Consultants) while the result of its application was verified by RINA, an independent certification company.