We are the first company to take on the commitment of reaching net zero emissions by 2050, and we continue working toward the goal of limiting the increase of the average global temperature to 2°C, in line with the Paris Summit and the UN Sustainable Development Goals.
" We are aligning our business plans with the objectives of the energy transition through specific plans aimed at progressively reducing our carbon intensity in the coming decades."
Since 2007, we have been verifying the GHG emissions inventory of our Refining, Chemistry, and Exploration and Production operated assets according to the ISO 14064 international standard, which establishes the requirements for designing and elaborating GHG inventories and stipulates how reductions in emissions must be quantified and reported.
99% of our direct and indirect emissions are verified in accordance with the EU-ETS or ISO 14064.
CDP created the largest global database used by investors as reference to evaluate the leading corporations' results in energy and carbon management. As of today, we are among the 26% of the companies that have reached the leadership scoring band in the Oil & Gas sector, surpassing the average score of European companies and the average in the sector.
Our presence and rating in this sustainability index and others is proof of our ability to gain the trust of institutional investors and recognition for our commitment to transparency.