Eni was evaluated as a leader in Environmental, Social and Governance (ESG) in three different ratings over recent weeks, confirming the company’s focus on sustainability.
“These evaluations are an encouragement for us to continue, with even more determination, to focus on sustainability as a centerpiece of our business model and to deliver on our strategy, which will make us leaders in the production and sale of decarbonized products by 2050,” said Claudio Descalzi, Eni’s Chief Executive Officer.
Eni was confirmed by MSCI in the “A” ESG rating, ranking as Leader in Health and Safety and Carbon Emissions performance.
MSCI ESG Research provides MSCI ESG Ratings on global public and a few private companies on a scale of AAA (leader) to CCC (laggard), according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers.
Eni has also ranked in the top 3% amongst its peers in the Energy Sector in Sustainalytics’ ESG Risk Ratings as of September 2020, achieving a score of 25.7.
Sustainalytics’ ESG Risk Ratings framework addresses a broad range of ESG issues and trends key to the industry and company. Sustainalytics is a leading independent ESG and corporate governance research, ratings and analytics firm that supports investors with the development and implementation of responsible investment strategies.
In addition, Eni has scored the highest in a Bloomberg ranking of oil and gas companies that evaluates environmental performance.
Eni scored 6.42, the highest for 2019 within a group of 17 peers, which had an average performance of 4.04. The ranking evaluates a company’s performance in areas such as climate exposure, energy and GHG emissions management, as well as water management.
Bloomberg provides environmental and social scores for 252 public companies in the oil & gas sector.
These are the latest announcements in a streak of evaluations for Eni’s ESG performance. The company has been recently included in the FTSE4Good Index Series for the fourteenth consecutive year, gaining an overall position in the top 5% of the oil & gas companies evaluated, and has joined the Leadership band of Vigeo Eiris’ ESG Assessment.
Eni gives ESG top priority and, over the past six years, it has built a business model that puts sustainability at the center of each of its activities. Earlier this year, it has launched a fresh long-term strategy that will take it to be a leader in decarbonised products by 2050, drastically reducing its carbon footprint.