Eni SpA

Eni SpA reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 40,180 Kt (-710 /-1.7% y-o-y). Also positively, carbon intensity tumbled to 287 t (-163 /-36.1% y-o-y).

Eni SpA's Scope 3 emissions was down at 178,900 Kt (-17,600 /-9% y-o-y). The decline accelerated compared to the CAGR of -5.4% since 4Q'17.

The company is committed to achieving net zero for Scope 1 + 2 by 2035, which translates into the estimated reduction of -3,091 Kt per annum over the period of FY2023 - FY2035. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing all Scopes by 35% by 2030 from a base year 2018, which translates into the estimated reduction of -5,584 Kt per annum over the period of FY2023 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.