Annual Report 2004 and Corporate responsibility ? values and practices

  • 27-Jun-2005
Time period
  • January 2004  –  December 2004
  • Eni pursues a communication strategy which reflects the Company’s respect of its stakeholders, who increasingly demand greater transparency and access to information, and testifies its commitment to establishing with them an open and trustworthy relationship.
    Eni has therefore striven to constantly improve its communication with respect to sustainability and corporate responsibility. This commitment has led to the creation of a specific area in the Company’s website and to including, since 2002, a whole section in the annual report which provides an account of the initiatives carried out and the results achieved during the year.
    In all its main reports, institutional brochures as well as in its website, Eni places emphasis on the Global Compact and the actions taken to comply with its principles with a view to make its commitment known to all its stakeholders.
    In Eni’s most recent communication products the essential elements of COP have been integrated as follows:
    Annual Report 2004
    o In the letter to the shareholders signed by the Chairman and the Managing Director, specific reference is made to Eni’s continued support to the Global Compact
    o In the Governance and Corporate Responsibility section, the box “Eni and the Global Compact” summarizes the actions taken and the processes adopted in the course of the year to address the ten principles, which are described in greater detail in the rest of the section: with respect to principles 1 and 2, the adoption of a security policy in Nigeria which is based on the constant dialogue with the local communities; with respect to principle 3, the renewal of the agreement on the European Works Council and that on “international industrial relations and corporate social responsibility”; with respect to principles 7-9, the reference to 2004 HSE Report, which describes the initiatives carried out during the year on a wide range of HSE issues (climate change, natural resource consumption, soil protection, biodiversity, waste management, mitigation of the impact of industrial activities on the environment); with respect to principle 10, the adoption of a specific organization, management and control model which complies with the Italian law implementing OECD directives on administrative responsibility of companies.
    Corporate Responsibility – values and practices
    The publication, released in the fall of 2004, illustrates in detail the policies developed and the set of measures and actions taken by Eni with respect to a whole range of CSR and sustainability issues, including as well qualitative and quantitative data. Clear reference is made to the Company’s support of Global Compact as well as more specifically with respect to labor standards and transparency and corruption . However, the publication as a whole is intended as a tool to communicate in a comprehensive manner how the Company is promoting the application of the Global Compact principles as well as of the main international standards and guidelines.
    HSE Report 2004
    The report illustrates the actions, results and performance on HSE issues. It focuses on industrial sustainability as a result of a systematic analysis of all the aspects – economic, environmental and social – of corporate strategies and gives a detailed account on how Eni is implementing its sustainability agenda for its operating activities. The report also includes key performance indicators and presents a set of challenges faced and responses provided.
    Eni’s website
    The extensive section on Corporate responsibility in Eni’s website, which is updated regularly with the measures and initiatives implemented, contains a page on the Global Compact.

Principles covered
  • Principle 1 - Businesses should support and respect the protection of internationally proclaimed human rights
  • Principle 2 - Make sure that they are not complicit in human rights abuses
  • Principle 3 - Businesses should uphold freedom of association & effective recognition of the right to collective bargaining
  • Principle 4 - The elimination of all forms of forced and compulsory labour
  • Principle 5 - The effective abolition of child labour
  • Principle 6 - Eliminate discrimination in respect of employment and occupation
  • Principle 7 - Businesses should support a precautionary approach to environmental challenges
  • Principle 8 - Undertake initiatives to promote greater environmental responsibility
  • Principle 10 - Businesses should work against all forms of corruption, including extortion and bribery
  • English