Eni’s CEO Claudi Descalzi announced the company’s Strategic Plan from 2022 to 2025, which targets delivering an energy system that ensures sustainability and security, while focusing on a just energy transition as well as value creation for stakeholders.

The company targets an emission reduction path in order to reach net zero. Eni plans a net zero scope 1+2+3 targeting 35% reduction by 2030, as well as 80% decrease by 2040. Meanwhile, the company’s net zero scope 1+2 targets 40% emissions cut by 2025, compared to 2018, as it plans to reach net zero by 2035, five years earlier than planned. Eni’s net zero scope 1+2 upstream target 65% by 2025, confirming on track for the net zero goal by 2030.

“The war in Ukraine is forcing us to reconsider the world as we know it. It is a humanitarian tragedy and has created new threats to energy security which we must meet without abandoning our ambitions for a just transition. Our strategy has made us well prepared to address these challenges. Our immediate response to the current crisis has been to leverage our established alliances with producing countries to find replacement energy sources for Europe’s energy needs,” Descalzi stated.

We can make available to the market more than 14 TCF of additional gas resources for the short to medium term. This complements our work to develop new decarbonized products and services which can help deliver both energy security and carbon reduction by providing to our customers a full set of decarbonized energy products and services. The result of this strategic approach underpins our decision to accelerate our pathway to net zero with a 35% cut to scope 1+2+3 emissions by 2030, and 80% by 2040 compared to 2018,” Descalzi noted.