Eni

Eni, a crude petroleum and services related to crude oil extraction company based in Italy, reported its total carbon emissions for 2024 as approximately 213 billion kg CO2e. This includes Scope 1 emissions of about 31.1 billion kg CO2e, Scope 2 emissions (market-based) of around 900 million kg CO2e, and Scope 3 emissions of approximately 181 billion kg CO2e, primarily from the use of sold products.

Looking ahead to 2025, Eni projects a significant reduction in certain categories, with Scope 1 process emissions estimated at 21.9 billion kg CO2e and Scope 3 use of sold products at 182.3 million kg CO2e.

Historically, Eni's emissions have fluctuated. In 2023, total emissions were around 207 billion kg CO2e, comprising approximately 32.3 billion kg CO2e for Scope 1 and 900 million kg CO2e for Scope 2 (market-based). In 2022, total emissions stood at about 194 billion kg CO2e, with Scope 1 at 39.39 billion kg CO2e, Scope 2 at 790 million kg CO2e, and Scope 3 at 164 billion kg CO2e from use of sold products. For 2021, total emissions were approximately 210 billion kg CO2e, including Scope 1 at 40.08 billion kg CO2e, Scope 2 at 810 million kg CO2e, and Scope 3 use of sold products at 176 billion kg CO2e.

Eni is committed to several climate goals:

• Achieving Net Zero Scope 1 and 2 GHG emissions for its Upstream sector by 2030, with an intermediate target of a 50% reduction by 2024 and a 65% reduction by 2025, against a 2018 baseline.
• Achieving Net Zero Scope 1 and 2 GHG emissions for the entire Eni group by 2035.
• Committing to Net Zero Lifecycle Emissions (Scope 1+2+3) by 2050, with a near-term target of a 35% cut by 2030 and an 80% cut by 2040, compared to 2018.
• Aiming for zero routine gas flaring by 2025, aligning with the Global Gas Flaring Reduction (GGFR) "Zero Gas Flaring @2030" initiative.
• Reducing upstream GHG emission intensity by 43% by 2025 compared to 2014 levels.
• Achieving an 80% reduction in upstream methane leakage by 2025 versus 2014.
• A target to improve the carbon efficiency index of its production by an average of 2% annually from 2014-2021, equating to a 13.2% overall reduction in Scope 1 and 2 emissions during that period.