Eni SpA (E Quick QuoteE - Free Report) has collaborated with the International Labour Organization (“ILO”) to enhance occupational safety and health (OSH) for small farmers. The collaboration, unveiled on Nov 24 at the International Labour Office in Geneva, is poised to make a significant impact on the well-being of small-scale farmers.

According to Eni, the primary goal is to expand social protection coverage for farmers involved in the agribusiness sector, particularly those contributing to E's agri-feedstock projects aimed at producing vegetable oil that doesn't compete with the food value chain. The initial focus will be on castor farmers in Kenya and rubber farmers in Côte d’Ivoire.

As part of the partnership, the ILO will conduct a comprehensive assessment to identify areas of improvement and provide recommendations to enhance OSH along the agricultural value chain. The initiative will specifically target farm owners, farm workers and their representatives, offering support in raising awareness and implementing measures for risk prevention and mitigation.

The collaborative efforts between ILO and Eni also aim to extend social protection coverage for small farmers by working closely with unions, cooperatives, employers and national governments. The first phase of the initiative is set to benefit 50,000 farmers in Kenya and 100,000 in Côte d'Ivoire, with the potential for future expansion to additional countries.

Eni's director of CCUS, Forestry and Agri-Feedstock, Luigi Ciarrocchi, highlighted the positive impact of the collaboration on the entire value chain, promoting socio-economic and environmental sustainability. Filippo Uberti, head of Health at Eni, stressed the importance of health and social protection in ensuring the well-being of all workers contributing to the industrial system.

The initiative, slated to run for five years, aligns with the Global ILO flagship programs like Safety + Health for All and Social Protection Floors for All, which aim to enhance the safety of workers worldwide and support the implementation of comprehensive social protection systems.

Zacks Rank & Key Picks

E currently has a Zack Rank #3 (Hold).

Some better-ranked stocks in the energy sector are Matador Resources Company (MTDR Quick QuoteMTDR - Free Report) , Liberty Energy Inc. (LBRT Quick QuoteLBRT - Free Report) and Oceaneering International, Inc. (OII Quick QuoteOII - Free Report) . While Matador Resources and Liberty Energy sport a Zacks Rank #1 (Strong Buy) each, Oceaneering International carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Matador Resources is among the leading oil and gas explorers in the shale and unconventional resources in the United States. The company’s prime intention is to create more value for shareholders and generate lucrative returns from the capital invested in unconventional plays.

MTDR’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 13.89%.

Liberty Energy is a North American provider of hydraulic fracturing services to upstream energy operators. The company’s multi-basin presence offers an attractive upside opportunity compared with most of its peers. Liberty's strong relationship with high-quality customers provides revenue visibility and business certainty.

LBRT’s earnings beat estimates in three of the trailing four quarters and missed once, delivering an average surprise of 9.88%.

Oceaneering International is a leading provider of integrated technology solutions, active at all phases of the offshore oilfield lifecycle. Its strong relationship with high-quality customers provides revenue visibility and business certainty. OII is well-positioned to supply equipment for deep-water projects.