Eni has improved its score to 4.5 out of 5 at the semi-annual review of the FTSE4Good Developed Index as of December 2020. This confirms Eni’s position in the top 5 of the oil & gas companies evaluated.
According to a release by the company on Thursday, the Index measures the Environmental, Social and Governance (ESG) performances of companies.
Created by global index provider FTSE Russell, it includes an overall of 1,013 stocks, of which 38 in the oil & gas sector, selected from more than 2,100 stocks in the global FTSE Developed index. The liquidity of the FTS4Good makes it suitable for a wide range of passive financial products focused on sustainable investments.
“This result is a recognition of our path in the energy transition and encourages us to continue to pursue our vision, building on our integrated business model, to make our transformation towards a low-carbon future irreversible,” said Claudio Descalzi, Eni’s Chief Executive Officer.
Recently, Eni has also confirmed the A- score in CDP’s questionnaires on climate change and water security, gaining once again the leadership level for its commitment and transparency on tackling climate change and ensuring water security.
Eni’s score in the CDP’s questionnaire is among the top of the oil & gas sector and is well above the global average of D-C on a scale from A and A- (Leadership level) to F (Failure).
CDP is an international non-profit organization that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests.
These are the latest results in a streak of excellent evaluations for Eni’s ESG performance in term of risks, opportunities and strategy, showing the success of the business model built by Eni in the last 7 years to create sustainable value in the long term.