Eni at Rio 20 Renews Its Commitment
OREANDA-NEWS. June 19, 2012. Eni will be in
At the Rio+20 summit, Eni confirms its commitment to sustainable development and the agreements made twenty years ago at the Earth Summit, where it was the only Italian company to participate, among the very few private companies taking part in the conference.
Over the years, Eni has continued the path established at the Earth Summit, and has increasingly integrated its principles into its business strategy, developing a unique system of skills, solutions and technologies for sustainable development in terms of production and support for international political processes and the adoption of innovative solutions.
Eni's history and mode of operation are competitive levers that over time have led to its international growth, based on the principles of responsibility, cooperation, integration, inclusion, innovation and excellence. It is the combination of these distinctive elements of the business model that guides investment decisions, contributes to prevention and mitigation of risks and allows to achieve the strategic objectives of sustainable growth in the short, medium and long term.
Participating in
Meeting the challenges of sustainable development can be done by way of efficiency, research and technological innovation as well as a better mix of energy resources with an emphasis on natural gas, the natural candidate for achieving both development and environmental protection. It is a subject that Eni knows well because it has always been a part of its history and business model. In June 1952, exactly 60 years ago, Enrico Mattei and Italian Prime Minister Alcide De Gasperi ushered in the first natural gas power plant in
One of Eni's objectives in attending the conference is to demonstrate the company's ability to provide innovative answers that combine environmental protection and local development: for example, by transforming a practice that is not sustainable from an environmental perspective (gas flaring: the flare combustion of gas associated with oil, due to the lack of local markets and infrastructure) into a business opportunity (enhancement of associated gas and gas in general, to increase access to modern energy services). In this field, there is the innovative business model developed by Eni in
The plants represent 60% of the country's total electrical output, and along with the National Electrical Grid project (RIT), Eni restructured the high-voltage 220kV line between Pointe-Noire and
Eni aims to explore opportunities in order to improve this business approach and replicate it in new markets. To this end, it is working with numerous partners, first among them the Earth Institute of Columbia University.
Addressing the lack of access to sustainable, reliable and affordable energy for millions of people is one of the most critical challenges for development.Increasing the access to energy is a key factor in economic and social progress for every country and is considered a priority in order to break the cycle of poverty, and reach the Millennium Development Goals of the United Nations.
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