FTSE4Good Developed Index
Eni has improved its score to 4.5 out of 5 at the semi-annual review of the FTSE4Good Developed Index as of December 2020. This confirms Eni’s position in the top 5 of the oil & gas companies evaluated.
The Index measures the Environmental, Social and Governance (ESG) performances of companies.
Created by global index provider FTSE Russell, it includes an overall of 1,013 stocks, of which 38 in the oil & gas sector, selected from more than 2,100 stocks in the global FTSE Developed index. The liquidity of the FTS4Good makes it suitable for a wide range of passive financial products focused on sustainable investments.
“This result is a recognition of our path in the energy transition and encourages us to continue to pursue our vision, building on our integrated business model, to make our transformation towards a low-carbon future irreversible,” said Claudio Descalzi, Eni’s Chief Executive Officer.
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The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. Transparent management and clearly-defined ESG criteria make FTSE4Good indexes suitable tools to be used by a wide variety of market participants when creating or assessing sustainable investment products. FTSE4Good indexes can be used in four main ways:
- Financial products – as tools in the creation of index-tracking investments, financial instruments or fund products focused on sustainable investment.
- Research – to identify environmentally and socially sustainable companies.
- Reference – as a transparent and evolving global ESG standard against which companies can assess their progress and achievement.
- Benchmarking – as a benchmark index to track the performance of sustainable investment portfolios.