Our Strategy
Transforming from an oil company into an organisation that operates across the energy spectrum. We adopt ESG criteria in our business strategy and capital allocation, with the aim to reduce our carbon footprint across all activities and achieve climate neutrality.
Energy Transition
We are modernising our traditional operations and making them compatible with the new environment to produce cleaner, low-emission liquid fuels.
Our Energy Portfolio
Sustainable Development & ESG
We have integrated the global UN Sustainable Development Goals (SDGs) into our strategy. We have made it a priority to spread the goals of the 2030 Agenda and we actively participate in their realization with targeted policies, actions and social programs.
We reduce our carbon footprint, invest in over 2 GW of Renewable Energy Sources, and implement the “Vision 2025” strategic plan aiming for climate neutrality by 2050.
We create and distribute value across the economy and society, supporting our people and local communities. We invest in health and safety, employability, and well-being, through a modern work environment that promotes diversity and human rights, as well as a comprehensive Corporate Responsibility program.
We are establishing a well-structured corporate governance system, embracing best practices that exceed mere legal requirements. We systematically identify, assess, and address potential risks, guided by their management framework, ensuring the Group’s seamless and efficient operation.
Balanced Portfolio
We are leading the effort for energy transition. We are maximizing our core operations’ returns while developing a balanced portfolio in New Energy.
We are investing in cutting-edge technologies, spanning from photovoltaic and wind parks to energy storage, CO2 capture, and green hydrogen.
We are implementing significant modernization projects at our facilities while launching processes to produce cleaner, low-emission liquid fuels. We are investing in advanced biofuels, liquefied natural gas, low-carbon raw materials, and the circular economy.
Digital Transformation
We are implementing an extensive Digital Transformation plan. We apply innovative technologies that structurally evolve and upgrade the way we operate, delivering tangible value to our organization, our value chain, the economy and society.
