Sustainability: Eni ranks among the top 10 performer companies
By Ikenna Omeje
Italian energy giant, Eni, has been included, for the second year in a row, among the 10 companies with the best sustainability reporting in the World Business Council for Sustainable Development (WBCSD)’s analysis.
The WBCSD analysis is carried out annually to improve companies’ actions towards a sustainable transition. This year’s edition assessed 158 companies from different sectors.
According to a release by the company on Wednesday, “In the WBCSD analysis, Eni was recognized as an example of good practice in the area of “Sustainability governance”, for the clear description of the roles and responsibilities of the Board of Directors and the Committees on sustainability issues, and in particular on climate. The elements positively evaluated also include the distinction between management roles at central and local level and the distinction between the sustainability objectives of the short-term and long-term incentive plan of Eni’s CEO, with separate objectives set for managers with strategic responsibilities.”
The release quoted Eni’s Chief Executive Officer, Claudio Descalzi, who expressed delight on the report as saying: “We are proud of this result, which confirms the value of our sustainability initiatives, the result of a path started in 2014, with the launch of a new business model, a new mission and a long-term strategy to 2050 that combines economic, environmental and social sustainability to accelerate the energy transition.”
Eni for 2019, the company’s latest sustainability report released in May 2020, illustrates the most recent results on this path. In the next 30 years, Eni aims to become a leader in the production and sale of decarbonized products, reducing both direct and indirect emissions (scope 1, 2 and 3) of the energy products sold by 80% compared to 2018.
WBCSD is a global, CEO-led organization of over 200 leading businesses working together to accelerate the transition to a sustainable world. The member companies come from all business sectors and all major economies, representing a combined revenue of more than USD $8.5 trillion and 19 million employees.