Our latest analysis suggests the company is likely to achieve both its targets.
It has sufficient renewables development projects in the pipeline to achieve 5GW by year end, and so meet its first target.
Recent reporting shows that Eni retired 5.9 Mt CO₂e of carbon credits in 2024 to hit its emissions reduction target for that year, and could deploy the same tactic again to meet the target this year without substantially cutting its climate pollution in other ways. The increased materiality of the step-up coupons increases motivation for this.
We additionally highlight the opportunity for Eni to enhance the ambition of future SLBs by linking them to the two other Key Performance Indicators (KPIs) in its Sustainability-Linked Financing Framework with long-dated targets, that have thus far gone unused.
