Snam

Snam was founded on 30 October 1941 in San Donato Milanese, Lombardy, with the name Società Nazionale Metanodotti.

On 1 June 2001, it changed its name to Snam Rete Gas. It has been traded on the Borsa Italiana since 6 December 2001.[7] On 1 January 2012, it was renamed with the original name of Snam.[7]

In April 2019, Snam launched the first injection of a hydrogen and natural gas into the pipeline, the Europe’s first commercial test of a hydrogen-methane blend in a high-pressure network.[8]

Snam has following subsidiaries:[3]

• Snam Rete Gas S.p.A.: the transmission system operator for natural gas;
• Stogit S.p.A.: storage of natural gas;
• GNL Italia S.p.A.: for the regasification of liquefied natural gas.
• Snam4Mobility: promotes the development of natural gas in the form of CNG (compressed natural gas), LNG (liquefied natural gas) and biomethane (100% renewable gas) as a clean, efficient and competitive fuel for light and heavy vehicles. It controls Cubogas (100%)[9]
• Snam 4 Environment: promotes biogas and biomethane infrastructures development through its subridiaries Renerwaste,[10] (83%), IES Biogas (70%)[11] and Enersi Sicilia (100%)[12]
• TEP Energy Solution (82%): one of Italy’s leading enterprises in the energy efficiency sector[13]

As of Aug 2019[14]

Appointed by the Shareholders’Meeting on April 2019 [1]

Snam's approach to sustainability is based on Shared Value,[15][16] a concept elaborated by Michael E. Porter in collaboration with Mark R. Kramer that explores the link between a company and its environment and their mutual interdependence.[17] In order to create Shared Value, Snam promotes sustainable development and ESG (Environment, Social, Governance) factors integration[18] along its entire transport, dispatchment, regasification, storage and distribution process.[15] Snam adopts an ESG Committee, made up of independent members of the board with advisory function on the link between corporate performance and environmental, social and governance factors.[19]

In 2009 [20] the company joined the United Nations Global Compact [21] and since 2006 has published a sustainability report in accordance with the Global Reporting Initiative's guidelines.[22][23] Since 2015 Snam also has published an Integrated Report, inspired by International Integrated Report Council (IIRC) principles,[24] inside the Annual Report, and since 2018 Snam has published the Non Financial Statement according Italian Dlgs. 254 still inside Annual Report.[25] Moreover, Snam has adhered to the Task Force on Climate-related Financial Disclosures (TCFD) in 2018 and published its first document about Climate change, “Snam for the future”.[26]

Snam operates within the reference framework of the United Nations Universal Declaration of Human Rights, the Fundamental Conventions of the ILO and the OECD Guidelines on Multinational Enterprises.[27]

Its commitment towards the environment focuses on the reduction of greenhouse gas emissions and safeguarding biodiversity.[28] Among its social initiatives, Snam partners with Legambiente [29] and Federparchi [30] and, in 2012, joined the Sodalitas Foundation, which seeks to build bridges between the entrepreneurial world in Italy and the non-profit sector.[31]

In 2017 Snam established its corporate foundation – Fondazione Snam - with the aim of contributing to the social, cultural and economic growth of areas affected by Snam's activities or marked by social inequality.[32]

• Società Sportiva Metanopoli
• Terna Group - the main electricity grid owner in Italy, responsible for high voltage electricity transmission and dispatching nationwide
• Enagás - Technical Manager of the Spanish gas System and the main carrier of natural gas
• Red Eléctrica de España (REE): manages the Spanish transmission grid and acts as sole transmission agent; it is also the System Operator
• National Grid (UK): operates in the regulated businesses of transmission and distribution of electricity and gas mainly in the United Kingdom and northeastern United States

• Official website