liquefied natural gas (LNG) terminals will create emission reduction opportunities around the globe. A key learning of the recent past is that technology can change the energy landscape in dramatic and beneficial ways. The current trend toward new technology allowing customers to use oil and gas in lower emitting ways will continue in the future as innovations improve the ways we convert energy sources into useful work.”112 Statements on Human Rights “We apply fair labour practices and abide by all applicable workplace, employment, privacy and human rights legislation including support of the principles of the Universal Declaration of Human Rights.”113 ENI S.p.A. Statements on Climate Change “Climate change is a pillar of our industrial strategies and is also factored in the evaluation of our projects which have to be sustainable also in a low carbon scenario. Progress achieved so far in the evolution of our business model is based on a clear decarbonization strategy focused on a constant commitment to achieving increasing operational efficiency and finding innovative and technological solutions to foster energy transition and reduce emissions, thus also leveraging projects of circular economy and carbon offset. In 2018, we achieved significant results on E&P GHG emission intensity index reporting 21.44 tCO2 eq/kboe, a 20% reduction compared to the baseline 2014 and in line with the target at 2025 declared to the market, a 43% reduction. Also[,] the downstream business turnaround is a founding part of this long-term growth strategy. It is based on the ‘green’ conversion of the least competitive sites, extending their life in low carbon optics, through the use of renewable feedstock and raw materials such as food waste, urban waste and secondary, alternative commodities to the traditional feedstocks and in line with the principles of the circular economy.”114 “Eni defined a clear strategy to decarbonization integrated in the business model based on short, medium and long-term actions. Research and development will play a key role in our decarbonization strategy and in finding the innovative solutions to promote energy transition. In the short term, Eni’s strategy is based on the following levers: • increase of efficiency and reduction of direct GHG emissions: by 2025 we target to reduce the upstream emission intensity of Eni’s operated assets by 43% compared to 2014 through projects aiming at zero gas flaring, reduction Encana Corp. (2016), Committed to Sustainability, p. 2, available at https://www.encana.com/pdf/sustainability/2016/committed-to-sustainability.pdf (last accessed on 12 September 2019). 113 Id., p. 7. 114 ENI S.P.A. (2018), Annual Report 2018, p. 9, available at https://www.eni.com/docs/en_IT/enicom/publicationsarchive/publications/reports/reports-2018/Annual-Report-2018.pdf (last accessed on 12 September 2019). 112 Annex D: Corporate Statements on Climate Change and Human Rights | 28