Italy's Eni reveals a 30 percent cut in scope 1 and 2 emissions from 2018

Italian energy company Eni announced it had cut its net scope 1 and 2 emissions in the upstream sector by 40 percent in 2023, compared with a 2018 baseline. It said particular attention had been given to the reduction of methane emissions, which had decreased more than 20 percent for the Upstream business.

The company also said it had successfully cut scope 1 and 2 emissions for the whole business by 30 percent during the same period. The data was issued along with the publication of the company's voluntary sustainability report for 2023, dubbed "A Just Transition".

Eni aims to achieve net zero in scope 1 and 2 emissions for its upstream business by 2030, and for its entire business by 2035. Scope 1 emissions refers to emissions that arise directly from an entity's activity, while scope 2 emissions refers to indirect emissions released for the energy purchased.

The company also aspires to become net zero in scope 3 emissions --- those generated by the use of a company's products --- across its entire business by 2050.

Claudio Descalzi, the company's CEO, said issuing the report: "Energy remains a crucial junction, since it inherently provides a sense of security and opportunities for development. The energy transition is irreversible, and we must ensure its realisation without sacrificing the production system and social sustainability."

Eni said it agreed with the UN COP28 deal struck in Dubai last year by almost 200 countries, and for "the need for the energy transition to take place in a fair, orderly, just and pragmatic manner".

In March the company said it had cut spending plans by around 20 percent through 2027 as it sought to focus on the quality of upstream projects.