Eni released recently Eni for 2020, its 15th voluntary sustainability report, which illustrates Eni’s concrete contribution to a just transition, building on the company's path towards carbon neutrality by 2050.(Logo quoted from Yahoo’s image)
As an integrated energy company, Eni works in 68 countries, giving substance to its Mission, which is inspired by the 17 United Nations Sustainable Development Goals (SDGs), to respond to universal challenges in an increasingly demanding context, also in view of the health emergency that began in 2020.
Eni for 2020 explains Eni’s initiatives undertaken on this path over the last year. The report, which is reviewed by PwC, is composed by three volumes, Eni for a Just Transition; an in-depth analysis on the path towards Carbon Neutrality by 2050, in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD); and one dedicated to Sustainability Performance over the last five years.
Eni for Carbon Neutrality by 2050 describes Eni’s pathway towards net zero GHG Scope 1, 2 and 3 emissions, in line with the Paris Agreement’s highest ambition to keep global warming within the 1.5°C threshold. The decarbonizsation of the company's energy products and operations will be achieved through existing activities and technologies. They will lead to a doubling of bio-refining capacity over the next four years; an increase in the production and marketing of biomethane and hydrogen; and a growth in renewable energy capacity to 60 GW by 2050, as well as the development of initiatives and systems for the storage and use of CO2.
From this perspective, Eni has continued developing innovative systems for the exploitation of CO2, such as mineralisation technologies. Furthermore, Eni is engaged in research and development activities with leading Italian and international technical and scientific partners to develop access to clean, safe and unlimited energy sources such as the transformation of wave energy into electricity and magnetic confinement fusion.