MASHINIi

ENI S.P.A.

ENI.XETRA | Extraction of crude petroleum

Eni S.p.A. is an Italian multinational energy company with operations spanning the entire oil and gas value chain. Its activities include exploration, development, and production of oil and natural gas; refining and marketing of petroleum products; generation and marketing of electricity; and produc...Show More

Ethical Profile

Mixed.

ENI S.p.A.'s ethical profile is mixed. While its subsidiary Saipem SpA faced a USD 24.5 million fine for FCPA violations, ENI maintains an anti-corruption management system and ISO 37001 certification. The company's core oil and gas business contributes to significant negative health externalities and reported 395 million tonnes CO2eq emissions in 2024, with medium-term GHG targets allegedly not aligning with the 1.5°C goal. However, over 40% of planned spending (2025-2028) is aligned with EU Taxonomy, and renewable energy consumption increased by 62% in 2024. ENI also conducts over 1000 human rights evaluations in its supply chain and recovered 76% of 1.9 million tonnes of waste in 2024. Critics point to inherent conflicts with community respect and worker safety due to its core operations.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing-50
-100100
Honest & Fair Business-10
-100100
Kind to Animals0
-100100
No War, No Weapons-60
-100100
Planet-Friendly Business-60
-100100
Respect for Cultures & Communities20
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-50
-100100

Better Health for All

0

No evidence available to assess ENI S.P.A on Better Health for All.

Fair Money & Economic Opportunity

0

Eni S.p.A. is primarily an energy company, and the provided articles focus on its energy operations, sustainability initiatives, and local development projects. There is no evidence that Eni offers lending, deposit, or other consumer financial services that would be assessed under the 'Fair Money & Economic Opportunity' value. While some articles mention support for farmers and entrepreneurs, this is in the context of agricultural projects and job creation, not as a provider of financial products or services.

1
Consequently, no KPIs related to financial products, pricing, lending practices, customer financial data, or debt burden can be scored based on the provided evidence.

Fair Pay & Worker Respect

0

No specific quantitative data for ENI.XETRA regarding living wage coverage, CEO median pay ratio, collective bargaining share, safety incident rate, pay equity ratio, worker engagement score, turnover rate, labor violation incidents, insecure contract share, or health insurance coverage was found in the provided articles.

1
The articles are either general research papers, a G7 compliance report, or a thesis on CSR and gender equality in Italian companies that explicitly states a lack of specific data for ENI.XETRA on these metrics.

Fair Trade & Ethical Sourcing

-50

No cases of modern slavery were substantiated through whistleblowing reports in 2024.

1
However, a supplier's issue of excessive overtime and late/partial wage payments was identified and addressed.
2
The company conducted over 1000 in-depth human rights evaluations in 2024.
3
While all new contracts for products containing conflict minerals include updated terms and conditions reflecting the policy, there is no evidence that other supplier contracts include enforceable ethical-sourcing clauses.
4

Honest & Fair Business

-10

Eni has a Global Procedure for managing whistleblowing reports, approved by its Board of Statutory Auditors and Board of Directors.

1
This procedure, which applies to Eni SpA immediately and to unlisted subsidiaries by February 21, 2026, guarantees confidentiality and protects whistleblowers from retaliation.
2
Reports can be submitted via a dedicated external platform, and whistleblowers receive an acknowledgment within seven days and feedback within three months.
3
In 2024, 63 whistleblowing files were closed, with 10 confirmed facts leading to corrective actions.
4
The company publishes its Country-by-Country Report voluntarily and is registered in the EU Transparency Register (REG number 99578067285-35).
5
The anti-corruption compliance program is ISO 37001:2016 and 37301:2021 certified, risk-based, and includes due diligence, contractual clauses, and training.
6
In 2024, 26 audits with anti-corruption checks were performed in 12 countries, and 13 supervisory activities were carried out on compliance models of subsidiaries.
7
The Sustainability Statement is subject to limited assurance, and GHG emission data is subject to third-party certification.
8
Seven out of nine (78%) of Eni's Board of Directors are independent.
9
However, an ISS ESG Controversies report lists several allegations against Eni, including alleged complicity in failure to mitigate climate change impacts, failure to respect the right to health, anti-competitive behavior, water pollution, and bribery.
10

Kind to Animals

0

The provided articles do not contain specific, measurable evidence related to the company's performance on animal welfare, cruelty-free certifications, animal testing, or the use of animal-free alternatives. Information regarding R&D investment focuses on decarbonization and circular economy, not animal-free technologies.

1
Similarly, public policy engagement is centered on carbon neutrality, not animal welfare.
2
While some articles mention biodiversity conservation and REDD+ programs covering 5 Mha,
3
they lack measurable outcomes for species recovery or habitat restoration directly attributable to the company's initiatives. The use of waste animal fats or manure for biofuels does not constitute the replacement of animal-derived ingredients with ethical (animal-free) alternatives as defined by the rubric.

No War, No Weapons

-60

Eni requires compliance with human rights as a prerequisite for suppliers, including adherence to its Code of Ethics and human rights standards as contractual obligations, with periodical compliance checks through audits.

1
In 2021, there were no identified high-risk issues in the supply chain requiring follow-up actions.
2
The company conducts human rights evaluations of suppliers, with more than 1,000 in-depth evaluations in 2024 and 6,622 social responsibility assessments in 2022.
3
Eni's Board of Directors approved a Human Rights Policy in September 2023, aiming to guarantee implementation of due diligence according to the UN Guiding Principles on Business and Human Rights (UNGP) and the OECD Guidelines.
4
The company's Code of Ethics and Supplier Code of Conduct outline expected behavior, including a zero-tolerance policy for violence and harassment.
5
However, Eni lacks sufficient validated information on the country of origin, smelters, and mines of Necessary Conflict Minerals used in refinery catalysts, and states that their utilization of Conflict Minerals is immaterial to their operations.
6
In 2021, almost all suppliers of conflict minerals had adopted a policy regarding responsible sourcing and made progress in tracing their supply chains, but the company did not perform or direct audits of smelters/refiners and relied on the Responsible Minerals Initiative's program.
7
Eni's local development investments were €88.8 million in 2024, which is less than 0.5% of its €19.8 billion procurement spending.
8
The company mentions Libya, Congo, and Tunisia as high-risk countries for suppliers, indicating procurement from conflict-affected regions.
9

Planet-Friendly Business

-60

Eni's total Scope 1, 2, and 3 GHG emissions were 395 million tCO2eq in 2024.

1
The company has a net-zero target for Scope 1, 2, and 3 GHG emissions by 2050, with a long-term target aligned to 1.5°C, but no SBTi-validated targets are explicitly mentioned.
2
Renewable production accounted for less than 1% of total electricity production in 2022.
3
Water withdrawal efficiency was 90,282.8356 m³ per €1 million revenue in 2022.
4
In 2024, 21% of total waste was diverted from non-recycled waste.
5
Over 40% of planned capital expenditure for 2025-28 is aligned with the EU Taxonomy.
6
For plastic polymers sold in 2022, 0.15% was post-industrial recycled content.
7
Carbon credits used are certified by Verra’s Verified Carbon Standard (VCS) or Gold Standard (GS), often with additional certifications.
8
Eni monitors water resource management by suppliers through Open-es, requiring disclosure of water withdrawal and consumption.
9
No percentage of suppliers with SBTi targets is provided.
10
Eni has projects to conserve and restore 155,000 hectares of natural forest and biodiversity in Côte d'Ivoire.
11
The company has a no-deforestation policy with initiatives for sustainable agriculture and land management.
12
A fire at a fuel depot in December 2024 led to an investigation by Italian judicial authorities.
13
In 2024, 11 environmental studies were concluded, with 5 integrated into ESHIAs.
14
Eni communicates climate-related information in line with TCFD recommendations and analyzes IEA and IPCC scenarios.
15
The company monitors potential locked-in emissions from key assets.
16
In 2024, withdrawals of high-quality fresh water in water-stressed areas amounted to less than 2% of total water withdrawal.
17
Eni supports a socially just energy transition and has programs for vocational training, education, health, and economic diversification for communities affected by the energy transition.
18

Respect for Cultures & Communities

20

Eni has no reported cultural appropriation incidents.

1
The company implements Human Rights Impact Assessments (HRIAs) and Environmental Social and Health Impact Assessments (ESHIAs) that rely on international standards, and uses a risk-based prioritization model for projects.
2
The average presence of local staff abroad is 86% over the last three years.
3
Grievance mechanisms are available at both operational and company-wide levels, with multiple access points.
4
In 2024, 61 grievances were received and 43 were resolved, with 34 of those resolved being received in 2024, indicating a resolution rate of 56% for 2024 grievances.
5
The company's policy commits to free, prior, informed consultation of communities, but only mentions focus groups and meetings for vulnerable groups and NGOs, not a specific participation rate for affected communities in FPIC processes.
6
Eni is integrating cultural heritage analysis into its project development process, and no incidents disrupting cultural or heritage sites are reported.
7
In 2024, 78% of employees received human rights training, which includes security and human rights issues.
8
The company's Code of Ethics is available in 12 languages, and local policies are transposed into local languages.
9

Safe & Smart Tech

0

Eni reported no data attacks with demands for ransom in 2026 and stated it has not suffered any breach of its computer systems where documents or confidential information were stolen.

1
While unauthorized access and ransomware attempts with minor consequences were reported in 2022 and prior to July 2025, the company's most recent statements indicate no successful data theft or ransom payments.
2
In 2024, Eni launched an internal multidisciplinary project to define a Responsible AI framework, aligning with the principles of the European AI Act.
3
Cybersecurity expenses amounted to €60 million in 2023 and €45 million in 2022, representing 8% of IT spending in both years.
4
Eni SpA has been certified ISO 37001:2016 for its Anti-Corruption Compliance Program since January 2017, and its entire Compliance Management System has been certified ISO 37301:2021 since 2024.
5
The company's corporate culture encourages all employees to pay attention to cybersecurity issues, and it provides human rights training, with 78% of employees receiving it in 2024.
6
Eni operates in compliance with all applicable regulations, both local and international, and has adopted a Privacy and Data Protection Policy with a Data Protection Officer.
7
Data minimization principles are mentioned in the context of its privacy policy, and privacy principles are integrated into product development.
8

Zero Waste & Sustainable Products

-50

In 2023, Eni's waste recovery rate was 14.71% through recycling, reuse, or composting, with 82.35% of total waste disposed of via landfilling, incineration, or combustion.

1
Total waste generated increased by 25.93% from 2022 to 2023.
2
Hazardous waste constituted 61.76% of total waste in 2023, with only 9.52% of hazardous waste recovered, and its share increased by 51.6% from 2022 to 2023.
3
No waste disposal violations, fines, or compliance issues were mentioned in the provided articles for the past three years. While Eni aims to reduce waste and maximize recovery, specific company-wide waste reduction targets with timelines are not explicitly provided.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.