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Q3 2020 Eni SpA Earnings Call Transcript
Good afternoon. Welcome to Eni results for the first 9 months of 2020. It is a pleasure for me in my first appointment with investment community as CFO of Eni to introduce our new business segmentation. As you know, we set out our ambitious and detailed carbonization strategy, along with a new operational and financial framework at our announcement in February and July. Today, we are reporting for the first time along the lines of the 2 new business units.
In Natural Resources, we included the upstream oil and gas, CCS and forestry, the global gas and LNG and environmental remediation activities of Eni Rewind. In Energy Evolution, we grouped our downstream renewable CCGT and retail gas and power. We are making good progress against the new strategy. It plays to Eni's legacy strength, which give us immediately scale in the new energy side of the business and environmental reporting record that positions us to attract new ESG investment. And finally, balance sheet strength, further enhanced by strong investor appetite for the perpetual bond.
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