Eni faces up to its Scope 3 emissions ahead of SLB spree

摘要

Italian oil major ENI's inclusion of indirect Scope 3 CO2 emissions in its new sustainability-linked financing framework will set a benchmark for other high-emitting companies seeking to raise ESG-linked debt, and is likely to put the company ahead of tightening standards. Eni has created its own methodology to measure Scope 3 emissions, which although indirect typically account for the majority of a company's CO2 emissions. "Our methodology is comprehensive - it doesn't exclude certain areas of the world or partnerships nor is it limited to operating activity or operating volumes," said Francesco Gattei, Eni's CFO. "It's not limited to a subset of performance or activity - instead we're including all our activity, which is a first."