Eni has improved its score to 4.5 out of 5, putting it among the top five oil and gas companies evaluated by the FTSE4Good Developed Index in its semi-annual review from July-December, Eni said in a statement on Thursday.
“This result is a recognition of our path in the energy transition and encourages us to continue to pursue our vision, building on our integrated business model, to make our transformation towards a low-carbon future irreversible,” said Claudio Descalzi, Eni’s Chief Executive Officer.
The FTSE4Good Developed measures the Environmental, Social and Governance (ESG) performances of companies.
Created by global index provider FTSE Russell, it includes 1,013 stocks, of which 38 in the oil and gas sector, selected from more than 2,100 stocks in the global FTSE Developed index. The FTS4Good's liquidity makes it suitable for a wide range of passive financial products focused on sustainable investments, the statement noted.
Recently, Eni has also confirmed the A- score in CDP’s questionnaires on climate change and water security.
CDP is an international non-profit organization that encourages companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests.
Eni’s score in the CDP’s questionnaire is among the top of the oil and gas sector and is well above the global average of D-C on a scale from A and A- (Leadership level) to F (Failure).
CDP is an international non-profit organization that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests.
"These are the latest results in a streak of excellent evaluations for Eni’s ESG performance in term of risks, opportunities and strategy, showing the success of the business model built by Eni in the last 7 years to create sustainable value in the long term," the statement concluded.