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Eni S.p.A., commonly referred to as Eni, is a prominent player in the crude petroleum industry, headquartered in Italy. Founded in 1953, the company has established itself as a leader in crude oil extraction and related services, excluding surveying, with significant operations across Europe, Africa, and the Middle East.
Eni's core offerings include exploration, production, and refining of crude oil, alongside a commitment to sustainable energy solutions. The company is recognised for its innovative approaches to resource management and environmental stewardship, setting it apart in a competitive market. With a strong market position, Eni has achieved notable milestones, including advancements in technology and a focus on reducing carbon emissions, reinforcing its reputation as a forward-thinking energy provider.
+54 vs industry average
Eni’s score of 70 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Crude Oil Extraction is among the most carbon-intensive industries
The Crude Oil Extraction industry has reduced its overall emissions by 16% since 2018
Scope 3 accounts for ••• of total emissions.
Eni, an Italian company operating in the crude petroleum and related services sector, has reported significant greenhouse gas emissions across its operations. In 2024, the company's total emissions amounted to approximately 213 billion kg CO2e, comprising 31.1 billion kg CO2e from Scope 1, 900 million kg CO2e from Scope 2 (market-based), and 181 billion kg CO2e from Scope 3, primarily from the use of sold products. In the preceding year, 2023, total emissions were approximately 207 billion kg CO2e, with Scope 1 emissions at 32.3 billion kg CO2e, Scope 2 at 900 million kg CO2e (market-based), and Scope 3 at 173.7 billion kg CO2e.
Eni has established a clear set of climate commitments and reduction targets. The company aims for Net Zero Carbon Footprint for its Upstream operations by 2030 and for the entire Eni group by 2035. Intermediate targets include a 65% reduction in Upstream Scope 1+2 emissions by 2025 compared to 2018 levels. Furthermore, Eni is committed to achieving Net Zero GHG Lifecycle Emissions by 2050, encompassing all Scope 1, 2, and 3 emissions across its value chain.
Other key targets include a commitment to "Zero Gas Flaring @2030," which Eni aims to achieve ahead of schedule in 2025 for routine flaring. The company also targets an 80% reduction in upstream methane leakage by 2025, compared to 2014 levels, and a 43% reduction in the upstream GHG emission intensity index by 2025 (vs. 2014). Eni also aims for a 35% reduction in net GHG lifecycle emissions (Scope 1+2+3) by 2030, against a 2018 baseline.
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2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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