Sustainable Development Goal (SDG)
SDG 8: Decent work & economic growth
Describe how this investment will support the company’s targets on SDG impact
177 € million (210 $ million)Total expenditure on R&D in 2021
811 € million (970 $ million) Planned R&D investments in the 2022-2025 period
https://www.eni.com/assets/documents/eng/just-transition/2021/eni-for-2021-just-transition-eng.pdf#page=35
ENI'S TECHNOLOGY PLAN Eni's Technology Plan is expressed through four Technology Platforms, which consolidate the strategic guidelines of Research and Innovation: PROCESS DECARBONISATION: to reduce, capture, transform or store CO2 , increasing energy efficiency, reducing emissions and promoting energy carriers with a low carbon footprint (e.g. hydrogen or methanol). The technologies must serve the company purpose of meeting all the targets for GHG Scope 1, 2 and 3 emissions (Net GHG Lifecycle Emissions) and the elimination of related emission intensity (Net Carbon Intensity) over the entire life cycle of the energy products sold. CIRCULAR AND BIO-PRODUCTS: to reduce, recycle and reuse products and by-products, transforming waste into value-added products for biorefinery, sustainable mobility and chemicals from renewable sources. This will support Eni in the gradual conversion of traditional refining using new technologies for the exploitation of decarbonised products and recycling of waste materials. RENEWABLES AND NEW ENERGIES: to support the development of renewable energy and energy storage solutions, and to develop breakthrough energy technologies such as magnetic confinement fusion. OPERATIONAL EXCELLENCE: to develop technologies that ensure the highest level of efficiency and safety and minimal environmental impact, while reducing the costs and time to market of our businesses. This will increase the flexibility and efficiency of our operations, enhancing our ability to absorb scenario volatility, extending asset lives and continuing to create value in all our activities. Innovation, as well as characterising the research and development phases, is also a driving force behind engineering activities right from the early stages of asset design and development, from the creation of prototypes and pilot plants, through to industrial applications.
