Climate change and SDGs Renato De Filippo Manager

Climate change and SDGs Renato De Filippo, Manager Climate Change 3 rd SDSN Conference, Athens, September 7 th 2017

Eni at a glance § Eni is a multinational Oil & Gas company, considered one of the global supermajors § We have operations in 73 countries, with a market capitalisation of US$55 billion, as of June 30, 2017 § We are engaged in exploration and production, gas and power, refining and marketing and renewables § We aim to grow by focusing on innovation, efficiency and the environment 2

The Climate and Energy dilemma Climate change nd 2°C Carbon Budget: 2, 900 Gt. CO 2 ema 18 16 14 12 yd nerg ld e remaining 35 20 40 30 emitted until 2011 20 25 +30% in 2040 20 20 20 wor 13 Gtoe Access to energy Current emissions are nearly 50 Gt. CO § 1. 3 billion people without access to electricity 3 Source: IEA, IPCC, UNFCCC § Carbon budget exhausted within 2040

Eni’s response to the climate challenge § Increasing commitment and internal actions • Strong involvement of Eni’s Board and CEO • Top Management’s remuneration partly related to CO 2 objectives • Advocacy on carbon pricing and sensitivity analysis on all major projects • Approval of a challenging GHG Action Plan at 2025 • Upstream low carbon portfolio • Green conversion of traditional downstream • Establishment of the Energy Solutions Department (renewables) • Launch of the Energy Transition R&D Programme § Increasing efforts in international partnerships and initiatives • Climate action: OGCI, GGFR, CCAC, IPIECA • Carbon pricing: Paying for Carbon coalition, CPLC, IETA • Climate disclosure: CDP. TCFD 4

Our climate strategy: the 3 pillars § 5 Carbon intensity reduction through energy efficiency initiatives § Reduction in process flaring § Reduction of fugitive methane emissions § Ever growing portfolio of natural gas reserves § Portfolio of conventional lowintensity CO 2 projects § Development of a strategy forestry carbon offsets § R&D to promote natural gas § Development of renewables § Biofuels and green refineries § Green chemistry § R&D on new renewables technologies and applications

GHG reductions 6

Climate change and energy poverty: the flaring down case study § Eni has invested a total of approximately $2 billion in Sub-Saharan Africa in the construction and restoration of networks and power plants which represent 20% and 60% of the installed capacity in Nigeria and Congo § 1 GW installed capacity, supplying over 18 million people in Sub-Saharan Africa 7

Thanks 8

Commitment on renewables 9